Moving from South Korea to India: NHIS + Tax Exit
Korea to India relocation: visa cancellation, NHIS exit, National Pension export, and Korea-India DTAA filing.
The 60-second version
Korea exit mirrors Japan: NPS lump-sum window, ARC surrender, and a final year global taxation reconciliation for the months you were Korean tax resident.
ARC surrender is mandatory
I surrender the Alien Registration Card at immigration on departure. Overstay or missing surrender affects future Korea visas.
NPS lump-sum withdrawal is available to non-Korean nationals leaving permanently — apply within the statutory window with India bank details.
Final year tax reconciliation (year-end settlement) may still be required through employer for departure year.
Compare Japan nenkin exit for parallel Asia pension mechanics.
Korea vs India — departure year
| Item | Korea | India |
|---|---|---|
| Employment income | Withholding + year-end | Tax from India residency date |
| NPS lump sum | Often tax-advantaged in KR | India tax as ROR — treaty review |
| KR stocks | Capital gains rules | Schedule FA when resident |
| ARC / visa | Surrender on exit | OCI entry |
| KR bank | May close non-resident | Schedule FA disclosure |
Korea departure
Employer tax settlement
Complete year-end adjustment for departure year.
NPS application
Submit lump-sum claim with passport and bank SWIFT.
ARC surrender
At airport immigration or local office before flight.
Close KR phone and utilities
Avoid recurring charges and identity theft.
India RNOR plan
Advance tax if Indian salary from month one.
NPS decision tree
Korea exit kit
- NPS benefit statement.
- Final payslips.
- ARC surrender stamp.
- Health insurance cancellation.
- India SIM booked for arrival.
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NPS two-year window
Set calendar alert at departure — missing NPS application forfeits lump-sum option.
Quick visual
Animated decision map
Community signal
What to watch in real discussions
Search community threads for the exact phrase, then treat repeated complaints as risk signals rather than official advice.
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NPS taxable in India?
Potentially as ROR income — CA maps with Korea-India DTAA Article 18.
Keep Korean brokerage?
Update to India address; Schedule FA when resident.
Do I file Korea return after leaving?
If Korea-source income in departure year, often yes.
Severance pay (retirement allowance)?
Separate from NPS — employer letter for India tax.
KR lease deposit return?
Wire to India with bank docs for inward remittance.
Can spouse on F-3 visa leave same day?
Each ARC surrendered separately.
Your country's rules are the starting point, not the finish line.
Tax exits, pension continuity, banking notifications — the India side has its own rules too. Get both sides clear.