- A Korvia guide for ESL teachers’ completion of Contract
Time really does fly. We are surprised it has been already a year and you need to prepare to leave this country. while we still remember how overwhelmed it was when you come, the way back is also quite a process. So we would like to guide you step by step to successfully complete this process like we did when you come.
Actually, there were previously written Guide at KorVia web site
today I would like to specialize for the check list!
- Obtain and complete the severance pay application
your severance pay is usually the same amount of your monthly salary. however if you may work at a school longer than a year, this is the way how to calculate your Severance pay
Monthly Salary * a year of employment period
Severance allowance can be paid after your leave as well, so you need to provide them your foreign bank account.
2. Pay out and close your Utilities accounts (electricity, Telephone, gas, internet, etc)
you need to make sure you pay all of your bills before you leave. usually, the building manager can estimate the amount of the money which will be paid at the end of your contract. you need to make sure you complete the contract with your phone and internet.
3. Provide your Foreign Bank Account to your school
For the foreign money transfer, the detailed information is requested as below,
Name of Bank / Name of Branch / Address of Branch / Contact Info of Branch / Account number / Name of account holder / SWIFT CODE
4. Request a “proof of employment verification” and a “letter of recommendation” from your school
Even though you may not possibly consider come back to Korea at this time, but still it is important for you to request your school to provide such letters which verifies your employment in Korea. this still may be required for your future Job at any place in the future.
5. Obtain your Deposit back from your employer or apartment owner (if applicable)
If your employer took a deposit from your first few months of the salary, then make sure you are having them back at the end of your contract or apply them to transferred to your bank account. if you have contributed Key money for your apartment as a deposit, it has to be organized before you leave as well.
6. Obtain a Korean police report in English (for future employers in your home country that may request)
There are chances for you to need your Criminal background check while your stay in Korea. there are ways for you to apply Korean police report out of the country
https://www.canada.ca/en/immigration-refugees-citizenship/services/application/medical-police/police-certificates/how/korea-south.html (this is the information I received for Canadian nationals, but it will be the similar process for other nationals)
It will be easier for you to apply Korean police report (범죄 수사경력 회보서) while you are still in Korea. Visit Local Police station (the biggest one in the region) and go for the public service center (민원실) then they will guide you how to apply. Make sure you are bring your ID card.
7. Purchase your flight ticket home or abroad (it depends on each of your contract)
Purchase your flight ticket home. If you are a public school teacher, you will be getting an exit allowance no matter where you are going and how much it cost. Make sure you are providing them your e-ticket and boarding pass as well as foreign bank account.
A flight ticket will be required for you to apply for National Pension refund as well, so make sure you are purchasing it before you visit pension office.
8. Apply for your pension refund in your town’s pension office (if applicable)
our NPS site offer a good English service http://www.nps.or.kr/jsppage/english/scheme/scheme_04.jsp
and there are some phone numbers you can have an English service as well. your employer need to visit local pension office along with these documents and can make you to get a refund at the Airport. these are the process.
Payment at the airport is available only when the beneficiary leaves on a flight from 10:30 to 22:30, Mon to Fri. (not available on official holidays) and the former employer of the insured person makes a termination report to NPS at least one day before the departure date. The insured person has to visit one of the local offices within a month of departure and apply for a Lump-sum Refund. The insured person can choose the airport payment as the method of payment.
<Payment Procedure at the airport>
· Application at the local offices (Office hours Monday through Friday 09:00 to 18:00)
① Visit one of our local offices and apply for a Lump-sum Refund
② Select [Airport Payment] as the method of payment
Required Documents: passport and alien registration card of the insured person, flight ticket with a departure date within a month, and proof of the beneficiary’s bank account (in case there is an additional payment or failure of airport payment)
③ Receive a ‘Filing Receipt’
· Receipt at Incheon Airport
① At Incheon Airport Office (Office hours 8:30 to 18:30), on the departure date, hand in the filing receipt, passport, alien registration card and flight ticket, and receive the "Direction for Payment of a Lump-Sum Refund"
② At ACE Foreign Exchange Booth of Shinhan Bank (Office hours 09:00 ~ 19:00) Hand in the "Direction for Payment of Lump-sum Refund" and passport, and receive the “Receipt of Currency Exchange.”
③ At Dojeon Foreign Exchange Booth of Shinhan Bank (in front of the 43th boarding gate; office hours 09:00~21:00) Hand in “Direction for Payment of a Lump-Sum Refund,” "Receipt of Currency Exchange" and passport, and withdraw the exchanged money. However, if you expect to receive more than USD 10,000 as your Lump-sum Refund, your flight departure time should be later than 11:00am, and you must visit Incheon International Airport Branch of Shinhan Bank (designated under the Foreign Exchange Transaction Act) by 4:00pm.
9. Apply your door to door Call van service if needed
If you wish to have a call van service from your place to the Airport, the service can be arranged by filling out this form below,
This service, however, is not a free service. you need to pay directly to the Driver.
10. Retrun your ARC to the immigration official at the airport
I am sure this check list provide things that you “must” consider to leave Korea. It is always such a proud to work with you as a “Korvia Team” and wish you all the very best for the future after Korea.
Have a safe flight back home and See you again!