5 ms·
> The visa requires applicants to have an annual income double the amount of Korea's gross national income (GNI) per capita for the previous year. > Korea
by ryzvonusef 3y ago
> The visa requires applicants to have an annual income double the amount of Korea's gross national income (GNI) per capita for the previous year.
> Korea's GNI per capita was 42.48 million won ($33,000) as of 2022, requiring those applying for the visa to have an annual income of 84.96 million won.
Today's google forex rate:
84,960,000 South Korean Won = 65,487.17 US Dollar
- smith7018 3y agoThat's actually surprisingly low. For reference, the median US remote employee makes $63,323[1] per year which means roughly 50% of US remote employees are eligible for a Korean work visa. [1] https://www.ziprecruiter.com/Salaries/Remote-Salary#Yearly https://www.ziprecruiter.com/Salaries/Remote-Salary#Yearly
- h1fra 3y agoBut it's quite high for the rest of the world
- smith7018 3y agoFrom a quick Google search, the average monthly remote salary in Europe is reportedly $5.3k - $6.9k[1]. That translates to $63.6k - $82.8k. I can't verify these numbers, of course. [1] https://dynamitejobs.com/continent/remote-jobs-in-europe https://dynamitejobs.com/continent/remote-jobs-in-europe
- paxys 3y ago"Europe" contains both Switzerland and Albania. Trying to average everything out across such a wide economic spectrum is meaningless.
- rmbyrro 3y agoI don't think it's meaningless on this context. Even the lower level of the average developer income in Europe would qualify. It shows the visa requirements are quite inclusive.
- smith7018 3y agoThe US average salary is also lower than a California or New York resident but that doesn't mean the metric is bad. It simply means that ~50% of remote workers in America can move to Korea. Unfortunately, that also means ~50% of people can't. The same goes for Europe.
- lo_zamoyski 3y agoBut a meaningless comparison. Purchasing power is what matters.
- sangnoir 3y agoNot for the Korean nomad visa it is not.
- CitizenKane 3y agoEh, it depends. I actually know quite a few folks in SE Asia that would likely qualify for this. Not to mention Taiwan, Japan, etc.
- diggan 3y agoI cannot see that page, it just takes me to the homepage. But that sounds a bit high. I wonder how that number looks if you exclude San Francisco/Bay area which probably drives up that number by a lot.
- zo1 3y agoYou're thinking of the "mean" or average. What OP mentioned is the median which doesn't get affected as much by large outliers.
- londons_explore 3y agoSmart move making the figures in the law auto-update each year.
- papichulo2023 3y agoI wouldnt be surprise if this exlude 95% of all nomads. Honestly I dont think it will attract many workers, timezone kinda sucks, country is expensive, low english proficiency and not really exotic. Mexico, Spain and most latam looks more appealing.
- mixdup 3y ago$65k isn't all that high a salary for someone working in anything adjacent to a technology role these days
- vaughnegut 3y agoHaving lived there around ten years ago, it's pretty exotic if you're north American, it's cheaper for food and drink, and English proficiency was pretty common.
- PrimeMcFly 3y agoIt's more exotic than anywhere in central or south america to most Americans, timezone is easy to get used to, cost of living is cheaper and english proficiency is in fact very high.
- netsharc 3y ago> 65,487.17 Just 0.7% off "double $33,000"...