Useful Info

Foreign workers' return cost insurance is basically based on the worker's departure (complete departure).
Payment procedure and timing
Report of scheduled departure: Foreign workers must report their departure from the country one month before the scheduled departure date. Report your intention to leave the country to the employment center.
Application for insurance benefits: Foreign workers apply for insurance benefits from an insurance company (e.g. Samsung Fire & Marine Insurance). It is usually recommended to apply at least 7 days before the scheduled departure date.
Time of payment
If you applied for receipt to a domestic account: Payment will be made after permanent departure information is confirmed by the Ministry of Justice. (After departure)
If you applied for receipt to a domestic account before departure: Some may be paid to a domestic account in your name before the scheduled departure date.
If you applied for receipt to an account in your home country (overseas) or a local bank: After the application is received and reviewed, payment will be made immediately upon confirmation of departure from the Ministry of Justice. (After leaving the country)