F-2 Retirement Visa (F-2-8)
🇰🇷 South Korea visas · Retirement
What it is
Long-term stay for retirees aged 55+ with pension income or savings. Grants residence without work rights. Must maintain minimum deposit of KRW 300 million or annual pension income of KRW 30 million.
Key facts
- Category
- Retirement
- Duration
- 1 to 5 years (renewable)
- Processing time
- 4 weeks
- Maximum validity
- 5 years
- Path to permanent residence
- Indirect route
- Dependants
- Yes
Standard figures for this route. Some applicants pay a reduced fee or none at all, so confirm your own case on the official page.
Fees
- Application fee (single entry, stay 91 days or more)
- USD 60
- Application fee (if issued as a 2-entry visa)
- USD 70
- Application fee (if issued as a multiple-entry visa)
- USD 90
Key requirements
- Age 55 or older
- Fixed deposit of KRW 300 million+ in a Korean bank, OR annual pension income of KRW 30 million+
- No criminal record
- Health insurance valid in Korea
- No intention to work in Korea
Working on this visa
Most Resident (F-2) sub-classes have no restriction on the scope of employment (Enforcement Decree Art. 23(2)); the exact scope depends on the F-2 sub-class.
Facts checked against the official source. Last updated 18 July 2026.