{"id":18989,"date":"2024-01-05T02:48:51","date_gmt":"2024-01-04T21:18:51","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=18989"},"modified":"2025-04-05T14:33:16","modified_gmt":"2025-04-05T09:03:16","slug":"workation-visa","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/workation-visa\/","title":{"rendered":"What is South Korea\u2019s Workation Visa?"},"content":{"rendered":"<h2>About Workation Visa<\/h2>\n<ul>\n<li>The &#8220;workation&#8221; or &#8220;digital nomad&#8221; visa\u00a0allows foreign nationals to visit South Korea on a working holiday.<\/li>\n<li>Eligibility:\n<ul>\n<li>Foreign nationals with an\u00a0annual income twice as much as South Korea&#8217;s per capita gross national income will be eligible to apply for the visa.<\/li>\n<li>It will be given to those having a\u00a0work experience of over a year in one industry\u00a0and are eligible for remote work.<\/li>\n<li>Moreover, the applicants must also have\u00a0medical insurance of over 100 million won (\u20b963,62,655.45) and\u00a0must cover medical treatment and repatriation fees.<\/li>\n<li>The visa will also be\u00a0allowed to the families of these employees.<\/li>\n<\/ul>\n<\/li>\n<li>The visa, which is\u00a0valid for a year and renewable for up to two years, can be issued at South Korean embassies, and\u00a0those currently residing in the country under a temporary visa\u00a0can also apply\u00a0for it if they meet the requirements. (Currently, foreign nationals interested in working and traveling in Korea need a tourist visa, which is limited to stays of less than 90 days)<\/li>\n<li>The people who are awarded this visa\u00a0cannot be hired by any company in South Korea\u00a0to work or undertake any profit-making activity.<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1) What is Korean Won (KRW)?<\/h3>\n<p>The Korean won (KRW) is the national currency of South Korea. Its users denote the won by using the symbol &#8220;\u20a9,&#8221; as in &#8220;\u20a91,000.&#8221; Since 1950, it has been administered by the nation&#8217;s central bank, the Bank of Korea.The won is fully convertible and is routinely traded against other global currencies.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.business-standard.com\/world-news\/south-korea-launches-workation-visa-for-foreigners-all-you-must-know-124010200526_1.html\" target=\"_blank\" rel=\"nofollow noopener\"><u>South Korea launches &#8216;workation&#8217; visa for foreigners: All you must know<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The &#8220;workation&#8221; or &#8220;digital nomad&#8221; visa allows foreign nationals to visit South Korea on a working holiday.<\/p>\n","protected":false},"author":5,"featured_media":18990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-18989","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/18989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=18989"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/18989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/18990"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=18989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=18989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=18989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}