South Korea Nomad Visa

Overview of South Korean Digital Nomad Visa

The South Korean Digital Nomad Visa was introduced recently for remote international workers who are fascinated to work as digital nomads while enjoying the land of K-pop, K-drama, and Korean culture.

The South Korea Digital Nomad Visa allows remote working professionals to stay and work in South Korea for up to 2 years. ?

?With sophisticated infrastructures and high-speed internet connections, South Korea offers many opportunities to digital nomads willing to work while enjoying their vacation. The country is known for its serene locations, alluring beaches, and traditional neighbourhoods.

Digital nomads are a unique community of individuals who travel and work remotely at their convenience. Korea is among the best countries for digital nomads or its excellent technology, infrastructure, and modern lifestyle. According to the MBO partner's report, there is a seismic shift towards remote workers, where their number got increased by 113% after the pandemic. However, every year, more than 20 million visitors are welcomed as tourists in South Korea to boost the economy and tourism in the country.?

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Why apply for a South Korean digital nomad visa?

South Korea has become the Global hub of innovation. A massive shift has been noticed in work culture worldwide in the post-pandemic world. With this change in work culture, every country has started boosting tourism and introducing new visas.

The country is already a famous destination for tourism, but it is also an excellent country for work. The country has introduced the digital nomad visa to attract long-term visitors, which will channel the country's tourism and economic status towards development.

The following are the benefits of South Korea digital nomad visa:

• Reside for up to 2 years (1+1 year extension)
• bring your spouse and children
• Get access to free Korean Language classes
• Explore the country's rich culture and delicious cuisine
• Provides easy travel access to South Korea and other Asian countries
• Enjoy high-speed internet access
• Affordable cost of living
• Access to an excellent technical and business innovation sector

Best places to work in South Korea:

South Korea is an exciting country that attracts nomads who work remotely with its serene locations and beaches, which is impressive for both nomads and visitors. South Korea also has a history of sophisticated culture and excellent infrastructure. ?

The South Korea Digital Nomad Visa gives you the opportunity to work remotely from anywhere in the country. This country also has the best co-working places with beautiful locations. ?Some of them are:

• Gyeongbokgung palace: It is a place to experience unconventional architecture and design and learn about South Korea's rich history and culture.
• Buckchon Hanok Village: This is an attractive tourist destination in Seoul. You can wander the beautiful streets and extraordinary neighbourhoods with excellent cafés and cultural places.
• Jeju Island: It is a beautiful island with a great culture and heritage that exhibits the country's traditions. In addition, it has stunning beaches, volcanic scenery, and hiking paths.
• Gwangalli beach: This is one of the best beaches in Busan, which is known for its magnificent dining options and alluring nightlife.
• Maru 180: It is located in many places across South Korea and has many amenities like high-speed internet connection, social communities, and networking events. Many co-working places in South Korea are trendy among digital nomad communities. Some are Good Day Young Plaza, Hive Arena, We Work, Fast Five, etc.

South Korea Nomad Visa Eligibility

You would be eligible for a South Korean visa if you:

• Have a valid passport
• Are between 18 and 30 years old
• Have sufficient funds of an average amount of KRW 3,000,000
• Have health insurance for your entire stay in Korea
• Have no history of criminal record.
• Have not been to Korea on this visa before
• Have Proof of funds to support your stay in the country

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South Korea Nomad Visa Eligibility for dependents ???????

• For working spouses: the company letter of resignation, remote rework arrangement, sabbatical leave arrangement, etc.
• For the child, the school letter confirming the leave of absence or withdrawal (issued for one month).

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• Why apply for a South Korean digital nomad visa?

Note: The dependents should have the individual medical insurance of at least KRW 100 million.

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Documents required for South Korea Digital Nomad Visa

The documents required for the South Korea Digital Nomad Visa are: ?

• One passport photograph with a white background. The passport submission must have at least six months of validity and must be submitted during the candidate's application process.
• Copy of valid passport
• NRCI long-term pass
• Income tax assessment form
• Past 3-month bank statements/e-statements
• Criminal records issued by the countries where you resided in the past six months to five years.
• Health insurance coverage details
• Proof of residence
• Other financial proofs
• Proof of employment or work

South Korea Digital Nomad Visa application process

The following are the steps to apply for the South Korean Nomad Visa:

Step 1:?Check your Eligibility

?Step 2:?Gather all the documents required

?Step 3:?Apply for the South Korean Nomad Visa ?

Step 4:?Complete the fee payment ?

Step 5:?Wait for the visa approval and fly to South Korea ?

Living expenses in South Korea

The living expenses in South Korea depend on the city where you reside. However, a person's average monthly living expenses would be around 1,329,000 KWR, excluding rent.

According to statistics provided by the trading economies, the average salary of an individual in South Korea is around 3.68 million KRW.

According to Numbeo, the average living costs in South Korea in 2024 are estimated to be the following

Rental prices in South Korea

The South Korean rental prices may range around 26 96,100 KRW on a monthly basis. Again, the rental prices depend on the location, population, and workspaces.

Health insurance in South Korea

South Korean healthcare system is regarded as the third largest healthcare system in the world. The hospitals' facilities are well-equipped, and the medical professionals are highly qualified.

If you are residing in South Korea you must apply for private health insurance; the expats should purchase private health insurance with the coverage of KRW100 million for medical treatment.

The average price of private health insurance is around KRW14,000 per month, less than the US health insurance.

Taxes in South Korea

The Taxes have been computed as a progressive tax system in South Korea; the more you get the salary, the more Tax you pay. The employer will deduct the income tax on behalf of the employee. If you are a foreigner and your country has a tax treaty with South Korea, you can avoid paying the taxes twice on the same income. The foreign nationals will be subjected to local taxes or value-added taxes in addition to income tax if they are subject to foreign policy.

?The taxes for the foreign nationals are taxed only on their South Korean income. The minimum Tax applicable for up to KRW 12,000,000 income will be 6%, and for KRW 1,000,000,000 income, the tax rate applicable will be around 45%.

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South Korea Digital Nomad Visa Processing Time

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The time taken to process the South Korea Digital Nomad Visa is given in the following table:

The Cost of a South Korean Digital Nomad Visa

The cost of applying for a South Korean digital nomad visa is 1 06,700 KRW, and it may change according to the country you are applying from.

What should you do if the South Korean Digital Nomad Visa gets rejected?

The South Korean digital nomad visa gets denied if the requirements are unsatisfied. You can reapply after resolving any concerns regarding the application. It is advised to consult trusted immigration constancy or an immigration lawyer to avoid rejections and ensure a smooth immigration process. ?you must consult a lawyer during your residency before resubmitting your application.

How can Y-Axis help you?

Y-Axis is the world's No.1 expert overseas immigration consultancy, creating global Indians worldwide for over 25+ years. It helps you throughout your visa application journey with end-to-end support. Our expert team will provide step-by-step assistance with the entire immigration process. The services we provide include:

• Expert guidance for South Korean immigration???? ?
• Complete guidance with filling out forms and applications
• Free Career counselling
• Y-Axis Resume Writing Services to keep your resume up-to-date
• Y-Axis Job Search Services will help you find your dream job.

*Need assistance with a South Korean nomad Visa ? Sign up with Y-Axis , the world's No. 1 overseas immigration company, for end-to-end support at every process step. Email us at mail to: [email protected] drop a message on our WhatsApp number 8802219999