South Korea has launched the “digital nomad visa” policy, aiming to attract 20 million foreign tourists and create $24.5 billion in tourism revenue. The scheme, launched on New Year’s Day, allows foreign national to live in the country for up to two years while maintaining a remote job in their home country.
“To make remote work and vacation of foreigners in Korea smoother, we have decided to launch a new digital nomad visa,” South Korea’s Justice Ministry was quoted as saying by The Korea Herald.
“So far, foreigners were required to apply for tourist visas or just stay for less than 90 days without a visa for ‘workcation’ in Korea. The new system will allow employees and employers in overseas firms to tour and work remotely in Korea for a longer period of time.”
The new visa scheme is aimed to attract young foreign nationals who are interested in Korean content and willing to learn about the country’s entertainment industry. With the so-called "Hallyu", or Korean Wave, of K-pop and K-dramas having spread across Asia and beyond since the early 2000s, a large section of young Indians too are fans of Korean popular culture. Every year, there is in increase in the number of Indian tourists and students in South Korea.
Things to keep in mind to apply for South Korea’s “digital nomad visa”:
Applicants must be 18 years or older, and must have worked for at least one year in their current field.
Documents proving one earns an annual income of over 84.96 million won ($65,860) to be submitted to the Korean embassy directly or through a visa agent.
Applicants must hold private health insurance with coverage of at least 100 million won.
Employment verification documents, details of their criminal record, if any, and proof of private health insurance are to be submitted along with the application.
Those who get a digital nomad visa can take their spouse and children who are not more than 18 years of age.
Those who get the visa can initially stay in Korea for one year, and can extend up to one more year.
Tourists who are already in South Korea under other tourist visas too are eligible to apply for the digital nomad visa.
People who get the digital nomad visa are not eligible for jobs within South Korea.
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