Recent Blog Posts

From: @kwonnpartners_lawfirm

On July 31 the National Assembly passed a revision to the Criminal Procedure Act removing prosecutors' investigative powers, and on October 2 the 검찰청 (Prosecution Service) will be abolished after 78 years. Two agencies replace it: the 공소청 (Public Prosecution Office) under the Ministry of Justice, which decides whether to bring charges, and the 중대범죄수사청 (Serious Crimes Investigation Agency) under the Ministry of the Interior and Safety, which investigates major crimes.

• Read more about Who Investigates Crime in Korea Changes on October 2
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The National Pension contribution rate rose from 9 percent to 9.5 percent on January 1, 2026, the first change since 1998. It will rise by a further 0.5 percentage points every year until it reaches 13 percent in 2033, under the pension reform passed by the National Assembly on March 20, 2025.

Foreign residents employed in Korea are enrolled on the same terms as Korean nationals. Whether any of that money comes back when you leave is a separate question, governed by different rules, and the default answer under Korean law is no.

• Read more about Pension Contributions Rising .5% Through 2033
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