Posted inQuestion about South Korea
Can you retire in Korea as a foreigner?
Retiring in Korea as a foreigner is possible, but it requires planning and preparation. To apply for a retirement visa, one must be at least 55 years old and have proof of financial stability. The cost of living is relatively low compared to other developed countries, and healthcare is excellent. However, the language barrier and culture shock may take some time to adjust to. Korea has many retirement activities to offer, from hiking in the mountains to visiting historical sites and museums. There are also retirement communities that cater specifically to foreigners but can be expensive. It is essential to plan for retirement expenses like housing, healthcare, and daily living expenses and consult with a financial advisor for financial security.