Kyrgyz nationals who worked in South Korea receive pension payments averaging $3,500

Kyrgyz citizens who worked legally in South Korea and paid pension contributions from their wages may receive a lump-sum payment of their pension savings upon returning to their home country. This was reported by the Social Fund of the Kyrgyz Republic.

According to the Social Fund, 152 Kyrgyz citizens have applied to receive funds from the National Pension Service of the Republic of Korea. To date, payments have already been authorised and transferred to 140 applicants, whilst a further 12 people are awaiting a decision on their applications.

The average lump-sum payment amounts to $3,585. Thus, citizens who worked legally in South Korea and made pension contributions can reclaim their accumulated funds provided they meet the established requirements.