Questions & Answers

Money Matters

My employer did not give me my pension information until just hours before my flight. What can I do now?

You can still apply for the return of the pension contributions you have made while in Korea after you have left the country. You can try contacting the NPS directly or you can have a lawyer in Korea or in your home country initiate the process on your behalf.

The pension refund can be sent to you in your home country or it can be paid into your account in Korea. For the latter, just make sure that you have completed all the paperwork required to allow you to access your Korean account from overseas and that your account has not lain dormant (with no activity) for more than 6 months.

For more on pensions: http://www.korea4expats.com/article-pension-obligations-rights.html or go to the Working&Business tab and then go to the Salary Deductions/Benefits column.

For legal assistance contact details, see the K4E Directory.

For information on opening a bank account and other banking information, click on the Daily Life tab and then go to the Banking, Money Matter column. : (scroll down to below any of  the pages for more banking options)

K4E Editor: Korea4Expats.com tries to ensure that the information we provide is accurate and complete, so should you notice any errors or omissions in the content above please contact us at info@korea4expats.com.



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