Useful Info

1. Role of the Automatic Payout System
The repatriation cost insurance automatic payout system is a convenient mechanism that allows workers to receive insurance payouts quickly into their registered bank account without any separate claim procedures once their status change is finalized through the Ministry of Justice.

2. Main Contents of the Automatic Payout System
- Eligible Cases / Applies to insurance policies joined on or after a specific date (e.g., December 16, 2024). (Policies joined before the implementation date can also be applied if the worker applies separately)
 - Payout Reasons / Complete departure from the country or change of residence status
 E-7-4: For those who have worked long-term (e.g., 5 years or more) under E-9, E-10, or H-2 visas and meet high-score criteria such as skill level, wages, Korean language proficiency, etc., allowing change to a specialist workforce visa that permits long-term stay and employment.
 F-4: For H-2 (visit and employment) visa holders who meet certain requirements to obtain overseas Korean status, changing to a visa that allows free job-seeking activities in the country.
 F-2: For those who have stayed for a certain period or more under E-9/H-2, etc., and meet other requirements (income, Korean language, etc.), changing to a visa that allows long-term stay.
 F-6: When the existing E-9/H-2 residence status ends due to a change to a visa that allows long-term stay in the country for reasons such as marriage.
3. Features of the Automatic Payout System
 - Increased Convenience: Eliminates the hassle of workers having to prepare and submit claim forms themselves, reducing unclaimed insurance payouts and protecting workers' rights.
 - Swift Payout: Once departure or residence status change is confirmed through information linkage between immigration authorities and the insurance company, the payout is promptly deposited into the worker's named account.
 - Payout Account: Paid to the account in the worker's name registered at the time of insurance subscription (domestic or local account).
 - Note: To benefit from the automatic payout system, it is important to go through the procedure of agreeing to automatic refund with the insurance company at the time of subscription or later.