Private Medical Insurance Needed for New Digital Nomad Visa in South Korea

In this iPMI Global Digital Nomads Insurance In Focus article, iPMI report author and market analyst Ian Youngman, takes a look at news that private medical insurance is required for a new digital nomad visa in South Korea.

Digital nomads

• The workcation visa for digital nomads launched in January 2024.
• The Korean government wants to allow foreigners to work and travel in Korea to revitalize the local economy and promote the country's scenery and culture.
• The visa is valid for one year with an option to extend for a second year.
• Family can be included.
• They must be employed by a company abroad or be a freelancer abroad.
• There is a minimum income requirement of USD 66,000.
• Travellers visiting under the visa cannot be hired in Korea or involved in any local profit-making activity during their stay. They can work for a company abroad.
• Applicants must possess private medical insurance with coverage of at least 100 million won for hospital treatment and repatriation during their stay in Korea.

About the Author

Ian Youngman is an independent writer and researcher specialising in insurance. He writes regularly for a variety of magazines, newsletters, and on-line services. He publishes a range of market reports, and undertakes research for companies.

To read his latest report, International Health Insurance 2023, please click here, or visit the REPORTS section of iPMI Global.