The Government of South Korea has established a new visa scheme called E-7-4 Visa. The purpose of this visa is to solve the labor shortages in the sectors of Manufacturing, fishing and agriculture. Interested applicants can start submitting application on August 1, 2017. As a part of the demo program, the Ministry of Justice will issue 300 visas under this category. The quota for E-7-4 visa for next year is yet to be decided by the ministries involve in this program.
What exactly is E-7-4 Visa?
It’s a point based skilled workers’ Visa. The existing visa for non professional skilled workers is E9 Visa, and based on the required skills, E9 visa holders are the primary target of this kind of Visa. Those who have been working in manufacturing, fishing and agriculture for four years and more can get the chance to change the visa into E-7-4 considering the experience, skills and the amount of money they acquired from the current job.
What are the benefits of E-7-4 Visa?
When you have E-7-4 Visa, you don’t need to take another Korean Language test in the Philippines and go through the exam permit system again to go back to Korea because this visa can be extend every two years.With E-7-4 visa, you can have the opportunity to live and work in Korea continuously as long as you meet requirements based on points.
And Speaking of Points!
Since this is a point based visa, you must at least get 50 points out of the available 180 points. The breakdown of the points and its bases are as follows:
1. Technical points
Annual salary of 33 million won or more : 20 points
Annual salary is over 30 million won : 15 points
Salary over 26 million won : 10 points
Note: You must receive the above salary for two years.
2. Education points
University graduate or higher : 20 points
College graduate : 10 points
High School graduate : 5 points
3. Age points
~ 24 years: 20 points
~ 29 years old: 10 points
~ 34 years: 5 points
~ 39 years old: 2 points
4. Korean Language ability
Topik 4, KIIP 4 or higher: 20 points
Topik level 3, KIIP level 3 : 15 points
Topik Level 2, KIIP Level 2 : 10 points
Topik Level 1, KIIP Level 1 : 5 points
5. Property points
More than 100 million savings: 15 points
More than 80 million won in savings: 10 points
More than 30 million won in savings: 5 points
Assets more than 100 million in Korea: 20 points
Assets more than 80 million won in Korea : 15 points
Assets more than 10 million won in Korea :10 points
The total savings must have been accumulated for more than two years.
If you have 100 million won in savings account and live in a house worth 100 million won, you get 35 points
6. Work experience points
Roots(ppuri) Industrial work experience more than 6 years: 15 points
More than 4 years of working experience in roots industry: 10 points
More than 6 years of working experience outside roots industry: 10 points
More than 4 years of working experience: 5 points
Working outside the root industry refers to agriculture, fishery, livestock industry, manufacturing, and construction.
7. Education in Korea points
University degree or higher in Korea: 10 points
College degree in Korea : 5 points
Language center in Korea 1 year or more: 5 points
Domestic center in Korea 1 year or more: 3 points
8. Addition
University or higher center in Korea: 10 points
College graduate center in Korea: 5 points
Government recommendation letter: 10 points
Work experience in province area: 10 points
Awards: 5 points
Volunteer activity: 3 points
Tax payment results: 1 ~ 5 points
From the 8 categories above, try to give yourself a point and see if you can get 50 points or more. If you think you have the chance, why not try to change your E9 visa to E-7-4 Visa.
This post first appeared on What’s In Your Bowl: Ingredients To A Successful Business Venture For OFWs While Working In Korea -, please read the originial post: here