Extension of National Pension Exemption available for Expatriate Employees in Korea
Depending on their nationality, foreigner(non-Korean) expatriate employees may be eligible for extension of national pension exemption in Korea after the expiry of the original term of the exemption (provided that their home country has established a social security agreement with Korea and that they maintain equivalent retirement pension plan in their home country and submit a proper certificate of coverage).
For your reference, here is a summary of a few countries that established social security agreement with Korea and the extension availability in Korea:
Countries |
Original exemption term allowed |
Extension of original term allowed |
China |
First 5 years of assignment in Korea |
Up to 8 years max if there is an agreement between the relevant social insurance authorities of both countries |
France |
First 3 years of assignment in Korea |
Up to another 3 years max if there is an agreement between the relevant social insurance authorities of both countries |
Italy |
First 3 years of assignment in Korea |
Up to another 3 years max |
Netherlands |
First 5 years of assignment in Korea |
No extension available |
USA |
First 5 years of assignment in Korea |
Up to 4 years max |
The original certificate of coverage (CoC) issued from the home country social insurance authority should be submitted to the National Pension Service of Korea together with the designated application form for extension of national pension exemption.
There are also exemption extensions allowed for several other countries under the relevant social security agreement with Korea and we may advise in more detail upon request.