Signing of the Agreement between Japan and the Republic of Korea on Social Security
February 16, 2004
- On February 17 (Tue) in Seoul (Ministry of Foreign Affairs and Trade), Mr. Toshiyuki Takano, Japanese Ambassador to the Republic of Korea, and Mr. Ban Ki-moon, Minister of Foreign Affairs and Trade, signed the Agreement between Japan and the Republic of Korea on Social Security (Japan-Korea Social Security Agreement).
- At present, a person employed in either Japan or Korea who is dispatched to the other country is obliged to be enrolled in the pension systems of both Japan and Korea and has to pay both social security premiums. The Japan-Korea Social Security Agreement, intended to solve this and other relevant problems, allows a temporary employee dispatched up to five years, in principle, to be enrolled only in the pension system of his original country.
- It is expected that the conclusion of this Agreement will further promote personnel and economic exchanges between Japan and the ROK.
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