Do Foreigners Get Severance Pay in Korea? Here’s the Full Process
Yes, foreign workers get severance pay in Korea after one year. Here’s the 14-day rule, the IRP exception, E-9/H-2 insurance, and $5,000 wire threshold.
expat finance korea
Korea’s Pension Rate Just Jumped to 9.5%. Are You Even Covered?
Korea’s National Pension rate rose to 9.5% in January 2026. Here’s the real paycheck math, and the three separate rules deciding who’s exempt.
Why Won’t a Passport Alone Get You a Korean Credit Card?
A passport alone won’t get a foreigner a Korean credit card. Here’s what banks actually require vs. NICE/KCB expat-forum folklore, fact-checked.
Why Do Foreign Workers in Korea Pay Only 19% Income Tax?
Some foreign employees in Korea can elect a flat 19% tax (20.9% with local tax) instead of progressive rates to 45%—Seoul is now reviewing a hike.
Will You Get Your Korean Pension Money Back When You Leave?
Korea’s pension lump-sum refund isn’t automatic for foreigners. Your visa (E-8/E-9/H-2) or passport — not years paid in — decides if you get it back.
Why Your Korean Paycheck Is Smaller Than Your Contract (2026 Payslip, Decoded)
Your ₩4,000,000 Korean contract pays out in the mid-₩3-millions. What the four insurances (9.7% in 2026) and income tax take — and what foreigners can get back.