Global Mobility Tax Guide

l National pension contribution exemption for qualified foreign employee

A foreign (non-Korean) employee working in Korea shall be subject to monthly national pension contributions unless he/she is 60 years of age or older.

However, a foreign employee who comes from one of the following 40 countries with which Korea has signed a social security agreement shall be exempt from monthly national pension contribution requirements for the period as specified in the relevant social security agreement provided that the concerned foreign employee shall obtain and submit the certificate of coverage issued by his/her home country social security administration authority to the National Pension Service of Korea.

In addition, even though Korea has not signed a social security agreement, foreign employees from the countries listed below which do not require social security contributions for the Korean national working in those countries shall be exempt on a reciprocal beneficial arrangement.