South Korea Risk Assessment Guide

Working Abroad in South Korea

South Korea, known officially as the Republic of Korea, has experienced economic growth and expansion since the Korean War in the early 1950s. However, the border shared with North Korea is one of the most heavily guarded areas in the world, and the political situation can be unstable at times. Special permission is required to cross from South Korea into North Korea.

Thousands of foreigners travel to the country each year, and nearly all visits are uneventful. Even so, risks associated with life abroad in South Korea may require comprehensive international insurance.

According to UK Foreign and Commonwealth Office, there is a low threat of terrorism in South Korea. Travelers should be aware of the nationwide civil emergency exercises, which are held on the 15th day of each month, eight times a year. During these events all transport is suspended and you may be asked to take shelter in public places, metro stations or basements.

  • Health
  • Safety & Security
  • Terrorism

On May 14, 2015, the CDC issued a level 2 alert for those traveling to the Arabian Peninsula due to an outbreak of MERS (Middle East Respiratory Syndrome). As of June 7 2015, there were 64 cases reported in South Korea by the World Health Organization. The first laboratory confirmed MERS case was reported on May 20, 2015.  

South Korea generally offers quality medical care to its residents. Both medical and dental facilities have high standards, although it can be quite expensive. The staff at these facilities may not be fluent in English. 

In May 2013, multiple cases of tick-born disease were reported across the country. As such, those participating in leisure activities on grass should wear long sleeved shirts and pants, according to the UK’s National Disease Control and Prevention Centre.

Due to the high cost of healthcare, you will want to ensure that you have international health coverage. Clements Worldwide offers Expat Health Insurance, with policies for both individuals living abroad and those working for international organizations. Coverage includes USD 5 million in health care benefits, with flexible payment options and choice of deductible. An optional War and Terrorism extension is offered, and coverage includes all family also living overseas.

If medical care in South Korea is too expensive, Clements provides Medical Evacuation and Repatriation insurance. A policy covers expenses to transport you to a capable medical facility in case a local medical center isn’t able to provide adequate treatment within South Korea.

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in South Korea.

Source: UK Foreign and Commonwealth Office and Clements Worldwide

Contact a Clements Representative for Insurance Solutions

The political situation in South Korea can be volatile at times, but overall it is mostly stable. The end of the Korean War in 1953 resulted in the division of the Korean peninsula by a de-militarized zone. An Armistice Agreement keeps relations peaceful.

However, regional activity can increase tension which occurred following the sinking of a South Korean Navy Ship and an artillery attack on Yeonpyeong Island in 2010. In 2012, North Korea conducted two missile tests, as well as a nuclear test in 2013. 

A Personal Accident Insurance policy from Clements protects your organization’s employees and their families' financial stability following an accident, regardless of whether it occurs on the job or during personal time. Coverage begins at USD 100,000 per person.

South Korean roads are considered more dangerous than those in the US and UK. Car and motorbike drivers are typically at fault in accidents involving pedestrians, and criminal charges and heavy fines often result from accidents, regardless of guilt. 

Clements offers Overseas Car Insurance, which includes Physical Damage, Third Party Liability, and Excess Liability coverage. With flexible deductible options and fast claims processing, your policy will provide coverage for your vehicle fleet whether it’s on the road, parked or transported abroad.

An optional Political Violence extension is also recommended, which broadens the coverage to include strikes, riots, malicious damage, sabotage, war, terrorism or civil unrest. 

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in South Korea.

Source: UK Foreign and Commonwealth Office and Clements Worldwide

Contact a Clements Representative for Insurance Solutions

There is a low threat of terrorism and kidnapping in South Korea. However, there is a global risk of indiscriminate threats which could target public locations, including those visited by expats.

A Political Violence Insurance policy from Clements offers the right coverage against the risks of civil unrest, war, riots, looting and acts of terrorism.

Clements also provides a Kidnap and Ransom insurance policy, which ensures financial assistance following a kidnapping, such as independent investigations, negotiations, and the arrangement and delivery of funds.

Call us today at +1.202.872.0060 or 800.872.0067 or email request@clements.com to discuss your organization’s travel needs tailored to considerations involved while operating in South Korea.

Source: UK Foreign and Commonwealth Office and Clements Worldwide

Contact a Clements Representative for Insurance Solutions