The Return Cost Insurance / Trust helps foreign workers cover expenses when returning home after their contract ends.It also aims to prevent illegal stays after the visa period expires.
Who must join and when
Visa types: E-9 (Non-professional Employment) and H-2 (Working Visit)
Enrollment deadline: Within 3 months from the effective date of your labor contract
Effective date depends on your visa status:
E-9: Date of first entry into Korea
H-2: First day of work
Workplace change: Start date of the new labor contract
Re-employment: Day after previous employment period ends
Re-entry special case: Day after being handed over to the new employer
Payment amount
Category | Nationality | Amount |
|---|---|---|
Group 1 | China, Philippines, Indonesia, Thailand, Vietnam | 400,000 KRW |
Group 2 | Mongolia | 500,000 KRW |
Group 3 | Sri Lanka | 600,000 KRW |
Others | All other countries | 500,000 KRW |
When you can claim the payment
Returning home after visa expiration
Returning home before visa expiration for personal reasons
Voluntary departure or deportation after leaving the workplace
Important notes
You must claim within 3 years after the qualifying event
Failure to join may result in a fine of up to 5 million KRW
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Accident Insurance is designed to cover illness or death not caused by work-related accidents.
Who must join and when
Visa types: E-9, H-2
Enrollment deadline: Within 15 days from the effective date of your labor contract
When you can claim the payment
Death due to illness or injury
Permanent disability due to illness or injury
Note: Hospital treatment costs for minor injuries are not covered.If the incident is work-related, it is covered by Industrial Accident Compensation Insurance, not Accident Insurance.
Important notes
Failure to join may result in a fine of up to 5 million KRW
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In addition to the insurances that foreign workers must join, there are insurances that the employer is required to provide:
Departure Guarantee Insurance
Helps employers manage the lump-sum payment of retirement allowances when workers leave.
Wage Payment Guarantee Insurance
Protects against unpaid wages.
Failure to enroll in these will also result in a fine of up to 5 million KRW for the employer.
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For questions or detailed information about foreign worker insurance:
Foreign Workforce Consultation Center: ☎ 1577-0071
Website: www.hugkorea.or.kr
More info: www.workinkorea.org
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If you are a foreign worker in Korea, make sure to join the required insurance within the legal time frame to avoid penalties.
Remember:
Return Cost Insurance and Accident Insurance → You must join
Departure Guarantee Insurance and Wage Payment Guarantee Insurance → Your employer must join