How to Retire to Australia from South Korea in 2023
Home > How to Retire to Australia from South Korea in 2023
How to Retire to Australia from South Korea in 2023
Australia is a highly desirable destination for retirees from South Korea, due to its world class amenities and warm, sunny climate. The Australian government previously offered Korean Citizens a retirement visa program that was well-utilized by retirees from South Korea. However, due to the high volume of applications, the program was eventually discontinued for Korean applicants. While the process for Korean retirees to reside in Australia has changed, there are still various options available for residents and citizens of South Korea looking to spend their retirement years in Australia.
Alternative to Australia Retirement Visa for South Korea Citizens
If you are a Korean retiree looking to spend your golden years in Australia, there are still ways to make this dream a reality. One option is to apply for a visitor visa to Australia from South Korea, which allows you to stay in Australia for up to 12 months at a time. Another option is to apply for a temporary or permanent residence visa, such as a partner or skilled visa.
These options may require meeting certain criteria and can be more complex to apply for, but they offer the possibility of long-term residency in Australia for South Korea Citizens. Furthermore, Retirees from South Koreacould also look into investing in property in Australia or opening a business in the country as a way to gain eligibility for a visa.
When Can I Apply for a Retirement Visa to Australia from South Korea?
Australia no longer offers a specific retirement visa for Citizens of South Korea, but that doesn’t mean you can’t live there once you’ve retired. There are other visa options available to Korean Citizens, depending on your personal circumstances. To find out what options may be suitable for you, take our free Australian visa assessment. This will provide you with personalized information based on your unique situation.
Australia no longer offers a specific retirement visa to Citizens of South Korea, but that does not mean that retiring in Australia is impossible.
There are alternative options available for Korean retirees looking to retire in Australia, such as the subclass 461 visa for New Zealand citizens and their eligible family members, the subclass 188 visa for investors, and the subclass 888 visa for those willing to make a significant investment in Australia.
Some options for South Korea Citizens to retire to Australia such as the subclass 190 visa, provide a pathway to permanent residency and citizenship for eligible Citizens of South Korea, allowing them to live and work in Australia.
You Are Unable to Retire to Australia from South Korea in 2023
Is the retirement in Australia dream over?
Since Australia no longer offers a specific retirement visa for Citizens of South Korea, some individuals think that this dream is over. However, there are still plenty of alternative options available for those looking to retire to Australia from South Korea in 2023.
Understanding the 188 Visa for Australia
Also known as the Business Innovation and Investment (Provisional) visa. This visa is available to applicants from South Korea which invest a significant amount of money into Australia. This visa allows them to live and work in Australia and is a pathway to permanent residency in 2023.
The 888 Visa for Australia for South Korea Citizens
For those who have significant assets in South Korea and are willing to make a significant investment in Australia, the subclass 888 visa, (the Business Innovation and Investment Visa) could be an option. This visa allows individuals from South Korea to live and work in Australia permanently, and also provides a pathway to citizenship in 2023.
Parent Visas for Australia from South Korea in 2023
If you have family members in Australia then you can apply to join them from South Korea. If you are lucky enough to have an eligible family member in Australia you may be eligible to retire to Australia from South Korea in 2023. The Parent visa class in Australia is a type of visa that allows parents of Australian citizens or Australian permanent residents in South Korea to live in Australia on a permanent basis.
There are two types of Parent visas:
The Contributory Parent (Temporary) visa (subclass 173)
The Contributory Parent (Migrant) visa (subclass 143)
Contributory Parent (Temporary) visa (subclass 173) for Korean Parents of Australians
The Contributory Parent (Temporary) visa (subclass 173) allows parents from South Korea to stay in Australia for up to two years. This visa is a provisional visa, which means that it is a stepping stone to the permanent Contributory Parent (Migrant) visa (subclass 143). This visa is useful for Korean Citizens who want to spend more time with their children in Australia before deciding to apply for the permanent visa.
Contributory Parent (Migrant) visa (subclass 143) for Korean Parents of Australians
The Contributory Parent (Migrant) visa (subclass 143) is a permanent visa that allows parents of Australians currently residing in South Korea to live permanently in Australia. This visa is for those parents who have met the balance-of-family test and have an Australian citizen or permanent resident child who is willing to sponsor them to come from South Korea. This type of visa requires a higher financial and health insurance contribution.
Am I Eligible to Retire to Australia from South Korea in 2023 on a Parent Visa?
To be eligible for the Parent visa class, Korean parents must pass the balance-of-family test, which means that at least half of their children must live permanently in Australia. They must also satisfy health and character requirements, and demonstrate adequate financial support to be able live in Australia.
Retire to Australia from South Korea With a Student Visa in 2023
Retiring to Australia from South Korea is a dream for many, and a student visa can make it a reality. With no upper age limit, retirees from South Korea can apply for a student visa and have the opportunity to learn something new or pursue a passion. Not only can you study on a student visa, but you can also bring your loved ones from South Korea with you, including your partner and dependent children. You are also able to work part-time while studying, and your partner can work full time if required. After completing your course, you can enroll in another, making it a great way to extend your stay in Australia.
Jane Njoma is a Registered Migration Agent (RMA) with the Australian Migration Agents Registration Authority. She is a member of the Migration Institute of Migration Alliance. Jane Njomo has many years of work experience as an Australian Migration Consultant and runs Lets Go Emigrate Australia as a Free Resource for Information on Immigrating to Australia. Jane believes in broader global access to Australian Immigration information and provides the information free of charge after acquiring the website in 2021.
Lets Go Global is the most popular Global Migration resource for families and individuals dreaming of a better life in Australia. It is the Worlds Biggest Free Resource for Australian Immigration. This site contains information on making a successful move to Australia including Eligibility, Visas, Jobs, Time-frame & Cost. Based in Brisbane, Australia, LetsGo-Global.com strives to give the most up to date information concerning Australian immigration and visa policy.
Our subject matter experts specialize in Australian Immigration. We follow strict guidelines when fact-checking information and only use credible sources when citing statistics and information. Look for the badge on our articles for the most up-to-date and accurate information. If you feel that any of our content is inaccurate or out-of-date, please let us know via our Contact Page
Disclaimer: We use fact-based content and publish material that is researched, cited, edited, and reviewed by professionals. The information we publish is not intended to be a substitute for professional advice.