BASIC (03-01)

GN 01741.015 Coverage and Contributions under the Korean System

A. Policy — Compulsory coverage

In general, Korean Social Security covers all residents of Korea over the age of 17 up to age 60 who work in Korea, including foreign nationals. Covered employees and their employers, as well as covered self-employed persons, are subject to compulsory contributions.

NOTE: Government employees, military personnel and private school teachers are covered under separate, special systems.

B. Policy — Voluntary coverage

Persons exempt from compulsory coverage, such as housewives, students under age 23, and persons with less than 20 years of coverage who are ages 60-64 may make voluntary contributions to build future benefit rights.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0201741015
GN 01741.015 - Coverage and Contributions under the Korean System - 05/01/2014
Batch run: 05/01/2014
Rev:05/01/2014