🇰🇷 South Korea · Insurance
Insurance in South Korea — health, travel, and digital-nomad cover, what is mandatory, and how to choose a plan.
South Korea's social insurance comprises four major schemes: the National Pension, National Health Insurance, Employment Insurance and Industrial Accident Compensation Insurance — generally mandatory for workers, with contributions shared with the employer. Private insurers (life, motor, etc.) are supervised by the Financial Supervisory Service (FSS); motor liability insurance is compulsory for drivers.
- The four major insurances are National Pension, National Health Insurance, Employment Insurance and Industrial Accident insurance.
- They are generally mandatory for workers, with contributions shared between employee and employer.
- Motor liability insurance is compulsory for drivers; other private cover is optional.
- Private insurers are supervised by the Financial Supervisory Service (FSS).
Official authorities
- National Pension Service (NPS)
Official public-pension authority.
- Financial Supervisory Service (FSS)
Regulator of private insurers.
Official-information aggregation, not legal advice. Always verify on the authority's own site.
Government portals
- Government of Korea — Korea's integrated government portal — policy, administrative services, e-government
- Korea Immigration Service (HiKorea) — Visas, residence status changes, work permits, and alien registration in Korea
- National Tax Service (NTS) — Korean income tax, corporate tax, VAT filing; annual comprehensive tax return for foreigners (May); foreign taxpayer incentive lookup