Departure Guarantee Insurance Archives

Korea Exchange Bank Makes 100th Departure Guarantee Insurance Payment

SEOUL, Aug. 24 (Korea Bizwire) – Korea Exchange Bank said on August 22 that it made the 100th payment of the departure guarantee insurance to a foreign worker on the 21st at its Incheon International Airport office and it would continue paying the insurance money as scheduled. The recipient of the 100th insurance money was a 30-year-old Mongolian man. [...]

Kookmin Bank Launches New Insurance Product for Foreign Workers in Korea

SEOUL, July 31 (Korea Bizwire) — Kookmin Bank announced that it has launched “Departure Guarantee Insurance Benefits Payment Service” for foreign workers in Korea, starting from July 29. Departure Guarantee Insurance is an insurance plan required under “the Act on the Employment of Foreign Workers,” by employers who hire foreign workers in Korea. The insurance [...]