Advantage of Permanent Residency

1. Permanent Residency (F-5 visa) is the absence of occupational restrictions, allowing you to engage in any desired profession.

2. Children of Permanent Residency holders can acquire Permanent Residency immediately upon birth, providing significant benefits to them as well.

3. For the Permanent Residency (F-5) visa, you only need to renew or extend your Permanent Residency every 10 years.

4. Additionally, the Residence Visa (F-2) granted to the spouse of a Permanent Residency holder also offers the freedom to pursue any desired profession without occupational restrictions, apart from the disadvantage of renewing the stay period every 1-2 years.

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Persons eligible for permanent residency in the Republic of Korea

1. As an adult under the Civil Act of the Republic of Korea, you or your accompanying family members have the ability to make a living, and you have good conduct, and you have a residence visa (D-7) to a special activity visa (E-7) or a residence visa ( F-2) A person who has been staying in Korea for more than 5 years with a sojourn status

2. Spouse of a citizen (F-6) or minor foreign child of a citizen (F-2-2) who has been staying in Korea for more than 2 years

3. A person who has been staying in Korea for more than 2 years as a spouse or minor child of a person with permanent residence status (F-5)

4. A foreign investor who has invested USD 500,000 in accordance with the Foreign Investment Promotion Act and employs 5 or more citizens

5. Overseas Koreans (F-4) visa holders who have continuously stayed in Korea for 2 years or more, and who are recognized by the Minister of Justice as needing to continue to live in Korea

6. A person who has obtained a doctoral degree in a certain field abroad and is employed by a domestic company when applying for permanent residence status (F-5) or a person who has completed a regular course at a domestic graduate school and has obtained a doctorate degree

7. A person who has a bachelor's degree or higher in the field designated by the Minister of Justice, or a technical qualification designated by the Minister of Justice, who has stayed in Korea for more than 3 years, and who has been employed by a domestic company when applying for permanent residence status (F-5) wage earner

8. A person recognized by the Minister of Justice among those who have outstanding abilities in a specific field such as science, management, education, culture and arts, or sports, or who have made special contributions to the Republic of Korea.

9. Persons aged 60 or older who are receiving overseas pensions exceeding the amount set by the Minister of Justice

10. A person who has invested more than the amount determined and publicly notified by the Minister of Justice on the condition that the investment be maintained for at least five years and meets the requirements prescribed by the Minister of Justice

11. A person who holds a visiting employment qualification (H-2) (including those who have been changed to F-4) and meets the following requirements

 

Methods and procedures for obtaining permanent residency

When applying for permanent residency, in general, you want more than twice the Korean GNI, so you cannot meet the annual salary condition, but you can add the income of your spouse, etc. In other words, it is a good idea to first take measures to enable your spouse to work in Korea and then take the opportunity to apply for permanent residency through the sum of your spouse's income. 

​In addition, all foreigners, except for some subjects, must pass the test to apply for permanent residence, but if you are not confident in the test, you can apply for permanent residency through other education methods. You can apply.

However, ​If one of the parents is a permanent resident, a person born in Korea can obtain a permanent resident card, which does not require property or income requirements.

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Reasons for loss of permanent residency

1. If you have not entered the Republic of Korea until the re-entry exemption period (within 2 years from the date of departure) or the re-entry permit period (however, those who have lost their permanent residence status due to unavoidable reasons as follows can change their status of residence to permanent residence. wish.)

2. In the event of a re-entry permit exemption or entry beyond the permit period due to force majeure such as natural disasters

3. In case of exemption from re-entry permit due to sudden illness, accident, etc. or entering the country beyond the permit period

4. Those who have been exempted from re-entry permit or entered the country after the period of permission for other unavoidable reasons and entered the country within 6 months from the date of expiration of the period of permission

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Reasons for cancellation of permanent residency

1. If permanent residence status is obtained by deceit or other fraudulent means, it will be canceled without fail.

2. 2 years or more for committing a crime prescribed in any one or more of the Criminal Act, Act on Punishment of Acts of Violence, Act on Special Cases concerning Crimes and Punishment of Sexual Violence, Act on Sexual Protection of Children and Adolescents, Act on Aggravated Punishment, etc. of Specific Crimes If a sentence of imprisonment or imprisonment is confirmed

3. Permanent residence status can be revoked if you have been sentenced to imprisonment or imprisonment for violating the laws of the Republic of Korea within the last 5 years and the total period of the final sentence is 3 years or more.