South Korea has one new visa for foreigners, also called the digital nomad or work visa, allowing visitors to enjoy an extended stay in the country while working remotely.
This Asian country has just confirmed the official launch of a brand new visa designed exclusively for visitors from abroad. Travelers can now stay in South Korea for up to two years, with the main requirement being that they continue to work in their home country during this time. According to multiple reports, the pilot initiative allowing foreigners to stay in South Korea during a working holiday began on January 1, 2024.
The Yonhap News Agency reports that this country’s Ministry of Justice will issue the digital nomad visa. To qualify for this visa in South Korea, a number of requirements must be met.
- International employees with more than one year of work experience in their industry and a connection to remote work environments are eligible.
- To apply for this new visa, foreigners must earn twice South Korea’s annual gross national income per capita.
- According to a Business Standard report, interested parties must have health insurance worth more than 100 million won (₹63,62,655.45).
- Medical expenses and repatriation costs must be covered by insurance.
- Work visa holders from other countries are not allowed to work for South Korean companies. They are effectively prohibited from engaging in profitable activities.
