What are the conditions for settling and emigrating in Korea?

# 中中中 # Introduction Many people will choose to settle in Korea, so what are the immigration conditions for settling in Korea? Come and have a look! Welcome to reading.

1. What are the conditions for settlement and immigration in Korea?

Korean immigrants Korean immigrants' settlement conditions: South Korea's naturalization conditions are general (living for more than 5 years)

1. According to Article 5 of the Nationality Law, the general requirements for naturalization are as follows:

Have lived in the Republic of Korea continuously for 2.5 years or more.

3. Majority under the civil law of the Republic of Korea.

4. People with good conduct.

5. People who have the ability to live with their relatives according to their own property, skills or dependence.

6. Those who have the basic literacy as nationals of the Republic of Korea, such as a certain understanding of Korean language ability and customs of the Republic of Korea.

7. Adult foreigners who have never become nationals of the Republic of Korea after birth can apply for ordinary naturalization if they have legally resided for more than five years.

The process of Korean immigrants settling in Korea

1. Apply for a family visa to Korea.

2. Pay the project service management fee and government application fee, and wire transfer 500 million won to the designated trust account.

3. Submit ACIC application form and supporting documents.

4. Sign a power of attorney with a Korean immigration lawyer

5. Visit the bank holding the applicant's investment funds and obtain the foreign direct investment certificate.

6. Visit the Korea Exit-Entry Administration and apply for an F-2 residence permit.

7. Multiple entry C-3 visa with China passport.

8. Investors and their families visited the Seoul Exit-Entry Administration and updated the investment certificate of 500 million won.

9. The investor's family renewed multiple round-trip C-3 visas.

10. Application for Permanent Resident Certificate (F-5) and Return of Investment Funds

2. Korean immigrant pension system

National annuity

A social security system implemented by the state pays annuities to themselves or their survivors in case of old age, disability and death, so as to prevent them from paying insurance premiums due to inability to earn a living or accidental disability and death, thus contributing to the stability of life.

1. Add object

Since 1988, the national pension system has been implemented for employers and employees of units with more than 10 for the first time, and the scope of application has been gradually expanded. At present, all people aged 18 to 60 should join the national pension.

Moreover, foreigners who have Korean identity and live in Korea 18 to 60 years old, like Koreans, are subject to compulsory application of the national annuity.

2. Annuity rate

Its calculation method is to multiply the standard monthly income determined by the declaration or periodic decision when obtaining the qualification of participants by the insurance rate.

Annuity insurance premium = standard monthly income of the insured × annuity insurance premium rate

What is the standard monthly income?

The standard monthly income refers to the amount range of less than 230,000 won and more than 3.68 million won after deducting less than 1000 won from the monthly income declared by the participants in order to calculate the insurance premium and salary of the national annuity.

prompt

The payment period of annuity insurance premium is the following month 10.

Penalty for late payment

If the annuity insurance premium is not paid within the payment period, a late fee equivalent to 3-9% of the annuity insurance premium will be charged according to the overdue period.

3. Acceptance criteria

The standard of receiving a pension will vary according to the years of payment and the age at the time of receiving it. Next, I will sort out two collection standards that people with Korean identity will generally use.

Pension reduction

If people who have joined the WTO for more than 10 years but less than 20 years are not engaged in paid employment after the age of 60, they should get a certain proportion of the basic amount and the annual amount during the period of joining, plus the annual amount to maintain family life.

Salary level of reduced pension during each joining period >

50% of the basic annual amount in 10+the annual amount of raising a family.

1 1 55% of the basic annual amount+the annual amount of raising a family.

..

65438+95% of the basic annual amount in 2009+the annual amount of supporting the family.

65438+20 years basic annual amount+000% of family support annual amount.

2. Early pension

People who have been insured for more than 0/0 years can receive an annuity even if they are under 60 years old if they do not engage in gainful employment after 55 years old.

Salary level of early pension at each starting age >

70% of the basic annual amount of 55 years old+the annual amount of family support.

56-year-old basic annual amount+76% of the annual amount of family support.

57-year-old basic annual amount+82% of the annual amount of family support.

The basic annual amount of 58 years old+88% of the annual amount of family support.

94% of the basic annual amount of 59 years old+the annual amount of family support.

South Korea's pension system includes all adult citizens, which is more universal and social and more in line with the basic requirements of social security. South Korea is the 13 1 country in the world that implements the national pension system. By 2000, the nominal coverage of Korean national pension reached 76%.

Where is the pension system in Korea?

Wide coverage, covering different occupations and different groups of people, reaching the national coverage of old-age care; South Korea's pension payment has the characteristics of diversity, and various factors are fully considered to formulate different types of pension payment methods, so that the insured can apply for different pensions according to their own income, physical condition and payment years. As a means of redistribution, the old-age insurance system strives to achieve fairness and justice. For example, the contribution rate of Korean national annuity is 9%, but the replacement rate of pension is different. The replacement rate of low-income people (usually 100%) is significantly higher than that of high-income people (usually 30% ~ 40%).