Retire in South Korea

Your complete guide to financial independence in South Korea for 2026

Tech-forward, safe, and convenient, known for 'bali pali' lifestyle.
πŸ’°
75%
Cost of Living
vs NYC baseline
🏠
$1,200
Average Rent
per month
πŸ“Š
22.0%
Capital Gains Tax
on investments
πŸ›‘οΈ
10/10
Safety Score
security rating

How Much Do You Need to Retire in South Korea?

Lean FIRE
β‚©549,000
For β‚©1,500/mo lifestyle
Moderate
β‚©823,500
For β‚©2,250/mo lifestyle
Comfortable
β‚©1,098,000
For β‚©3,000/mo lifestyle
Luxury
β‚©1,372,500
For β‚©3,750/mo lifestyle
Note: These calculations use the 4.0% safe withdrawal rate and include South Korea's 22.0% capital gains tax.

Visa & Residency Options

Available Visas

Workation Visa / F-series

Cost by Location Type

Urban
β‚©1,680
40% more
Suburban
β‚©1,200
baseline
Rural
β‚©720
40% less

Frequently Asked Questions about South Korea

Geo-arbitrage is the strategy of earning a strong currency (like USD or EUR) while living in a country with a lower cost of living. In 2026, this is the fastest way to achieve FIRE, allowing you to reduce expenses by 40-60% without lowering your quality of life.
The Freedom Clock calculates your exact 'Freedom Date' based on your savings, income, and the real-time cost of living in your target country. It accounts for 2026 inflation rates and tax laws to give you a precise timeline for early retirement.
Applicants must earn at least double Korea’s GNI per capita from the previous year, which in 2026 is approximately $70,000 USD (β‚©100M) annually.
The visa is granted for 1 year and can be renewed for an additional year, allowing a maximum stay of 2 years.
The pilot program primarily targets employees of foreign companies; freelancers must provide extensive proof of contracts and 1+ years in the industry.
Yes, South Korea has a world-class healthcare system. Visa holders must have private insurance covering at least β‚©100 million for hospital treatment.
It is one of the safest countries globally with very low crime rates. Most public areas are monitored, and walking alone at night is common.
Seoul consistently ranks as having the fastest internet in the world, with fiber and 5G availability nearly everywhere.
No, you are strictly prohibited from local profit-making activities or being hired by a Korean entity.
Once arrived, you must register for an Alien Registration Card (ARC) to access local services like banking and phone plans.
English is common in business and major areas of Seoul, but learning Hangeul and basic phrases is essential for daily life elsewhere.
A 1-bedroom in central Seoul (like Gangnam or Mapo) averages $800–$1,300 USD, often requiring a high 'Key Money' deposit.

Calculate Your Personal Freedom Date

Use our interactive calculator to see exactly when you can retire in South Korea based on your current savings and income.

Try the Freedom Calculator β†’

Β© 2026 Freedom Clock. Data updated regularly for accuracy.