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Essential Guide for Expats in Korea

Korea Insurance Made Simple

From social insurance to car insurance and Jeonse protection Free calculators and guides to find the right coverage

Korea Insurance Roadmap

New to Korea or insurance? Follow this step-by-step guide
to understand what you need.

1

Understand 4 Major Insurance

If you work in Korea, this is mandatory! Learn about National Pension, Health Insurance, Employment Insurance, and Industrial Accident Insurance—and how much is deducted from your salary.

Net Pay Calculator
2

Car Insurance (If You Drive)

Car insurance is mandatory in Korea. Understand the 29-grade system and estimate your premiums based on your driving history.

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3

Jeonse Safety Check

Before signing a Jeonse contract, check for "empty shell" fraud risks and verify if you qualify for HUG deposit insurance.

Jeonse Safety Checker
4

Prepare for Job Changes

Calculate your severance pay and unemployment benefits before leaving your job.

Popular Calculators

Most-used financial tools for expats in Korea

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Frequently Asked Questions

Q Do foreigners need 4 Major Insurance?

Yes, foreigners working at Korean companies must enroll in all 4 types. Some exemptions apply based on visa type or social security agreements. You can claim a National Pension refund when leaving Korea.

Q What is Jeonse and why is it risky?

Jeonse is a unique Korean rental system with large upfront deposits. Without proper insurance, you risk losing your deposit if the landlord defaults. Always get HUG or SGI insurance.

Q How does car insurance grading work?

Korea uses 29 grades (1Z-29Z). New drivers start at 11Z. Accident-free years improve your grade; accidents lower it. Better grades mean lower premiums.

Q Can I get my pension back when leaving?

Yes! Foreigners from most countries can claim a lump-sum National Pension refund when leaving Korea. Apply within 5 years of departure at the airport or online.

Ready to Calculate Your Insurance?

Use our free calculators to understand your deductions and plan your finances in Korea.