Hello. This is KOWORK! ๐ซ
For our corporate partners and foreigners!
Have you ever wondered whether social insurance enrollment is possible or not when hiring or employing foreigners?!
At KOWORK, we receive numerous inquiries related to social insurance, especially from companies that receive support funds for labor costs.
Generally, these funds are often tied to social insurance enrollment criteria, leading to instances where companies can't utilize the support funds when hiring foreigners.
So, this time, we want to address the topic of social insurance enrollment for foreigners!
Eligibility for Social Insurance Enrollment for Foreign Workers
National Pension
: Varied based on nationality / visa type
Health Insurance
: Mandatory enrollmentโผ๏ธ
Employment Insurance
: Voluntary enrollment (choice of enrollment, but not available for D-1 to D-6 visas and D-10 visas)
Industrial Accident Insurance
: Mandatory enrollmentโผ๏ธ
Quite complex, isn't it? ๐ตโ๐ซ Let's delve into it in more detail below!
1. National Pension (๊ตญ๋ฏผ์ฐ๊ธ)
Foreign workers are
mandatorily required to enroll in the National Pension.
However, in certain cases based on nationality or residence status, they may be
exempt from enrollment
๐
1) Countries Exempt from National Pension Enrollment โฌ๏ธ
Georgia, South Africa, Nepal, East Timor, Maldives, Myanmar, Bangladesh, Vietnam, Belarus,
Saudi Arabia, Singapore, Eswatini, Armenia, Ethiopia, Iran, Egypt, Cambodia, Tonga, Pakistan, Fiji
2) Residence Status Exempt from National Pension Enrollment โฌ๏ธ
Cultural Arts (D-1), Industrial Training (D-3), General Training (D-4), Religious (D-6), Visit/Co-habit (F-1), Accompanying (F-3), Other (G-1)
2. Health Insurance (๊ฑด๊ฐ๋ณดํ)
Foreign workers are
mandatory participants in health insurance.
3. Employment Insurance (๊ณ ์ฉ๋ณดํ)
Foreign workers are
eligible for voluntary enrollment in employment insurance.
Enrollment can proceed based on the worker's preference.
However,
D-1 to D-6 visas and D-10 visas are not eligible for enrollment.
4. Industrial Accident Insurance (์ฐ์ฌ๋ณดํ)
Foreign workers are
mandatory participants in industrial accident insurance.
Feeling a bit clearer now? ๐
With the increasing number of foreign workers, domestic laws related to foreign employment are changing,
so it might be a good idea to double-check by calling 1345 โ๏ธ
If you have any further questions, feel free to contact KOWORK anytime!
