Korean national pension · 국민연금

• Overseas Assets and Crypto in Korea's Basic Pension Test — What a Return-Migrant Should Know

  The Basic Pension (기초연금) — a means-tested welfare benefit based on income and assets — is not the same as the National Pension (국민연금), which is contribution-based. On 29 June 2026, lawmaker Seo Yeong-seok filed, as lead sponsor, an amendment that would reflect virtual assets and overseas financial assets above ₩500 million in the Basic Pension's income-converted-assets test. It is still only a filed bill, and its timing is undecided. If you are a return-migrant holding sizeable assets in Australia, it is safer not to build the Basic Pension into the centre of your retirement budget.

• Can You Draw Korea's National Pension While Living in Australia — Retirement Cash Flow Across Two Countries

  The National Pension is not only a problem for people living in Korea. If you meet the requirements, you can review the possibility of drawing your National Pension even while living overseas. What matters is your contribution period, eligibility age, nationality and residency status, receiving account, the exchange rate, and how it combines with your Australian super. Before reverse migration, treat your pension not as a single line but as a retirement cash-flow statement.

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