Recognizing the evolving landscape of remote work and extended vacations, South Korea has unveiled a new visa for foreign nationals visiting the country on a working holiday. This initiative, set to be effective from January 1, 2024, targets the growing popularity of ‘workcations,’ where individuals combine work with leisure in various locations.
The workation visa permits foreign residents to stay in South Korea for up to two years while retaining employment in their home country, according to officials. This aligns with the global trend of individuals adopting a ‘work and vacation’ lifestyle, allowing them to maintain their regular work routine while exploring new destinations.
To apply for the digital nomad visa, foreign nationals must submit required documentation to the South Korean Embassy in their respective countries. The documentation includes proof of an annual income exceeding 84.96 million won (S$86,700), which is double South Korea’s gross national income per capita as of 2022. Additional requirements include employment verification, a criminal record check, and private health insurance with coverage of at least 100 million won to ensure the ability to return home in emergencies.
Applicants, aged 18 or older, must have a minimum of one year of experience in their current field. Once granted the visa, digital nomads can bring their spouses and children. The initial one-year stay in South Korea can be extended for another year.
An intriguing aspect of this initiative is that foreigners already in South Korea on short-term tourist visas like B-1, B-2, or C-3 can apply for the new digital nomad visa. However, it’s essential to note that this visa does not grant digital nomads the ability to seek employment within South Korea.
