Foreign Students’ Dream: Staying in Korea After Graduation
Many international students completing their studies in South Korea often wish to remain in the country through employment or entrepreneurship. Particularly enticing are the opportunities to export popular products like fashion and cosmetics abroad. In this article, we’ll explore how international students can establish a business in Korea post-graduation using the D-9 visa, along with the points-based system for this visa.
What is the D-9 Visa?
The D-9 visa is designed for foreign nationals who wish to operate or manage trade-related businesses in Korea. Unlike the D-8 visa, which requires a significant financial investment, the D-9 offers a more accessible route for students, allowing them to pursue their entrepreneurial ambitions without the burden of hefty initial capital. With a D-9 visa, international students can seamlessly transition into starting their own trade ventures in Korea.
Criteria and Components of the D-9 Visa Points System
In order to apply for the D-9 visa, candidates must meet certain criteria through a points-based system. To qualify, applicants need to earn at least 60 points out of a possible 160, including a minimum of 10 points from mandatory categories.
- Mandatory Components
The mandatory component score evaluates the applicant’s foundational qualifications in trade, such as relevant expertise and educational background. For instance, having a degree in trade or completing trade-related training can earn you valuable points.
- Optional Components
Optional components include factors like the length of stay in Korea, academic achievements, prior study experiences, and completion of social integration programs. Points are allocated differently across these categories, allowing applicants to accumulate scores toward their total.
Examples of D-9 Visa Points
Let’s look at how international students might tally points when applying for the trade management visa:
- Mandatory Expertise: Graduating with a degree in business can score 15 points (satisfying the minimum required for mandatory components).
- Duration of Stay: Two years of language study plus six years of university education can earn another 20 points.
- Academic Degree: A master’s degree can score 15 points.
- Domestic Study Experience: This can contribute 30 points.
- Social Integration Program: Completing all five stages can add 10 points.
By accumulating points through these categories, a student can easily reach a total score of 90, satisfying the points-based requirements. Those who have studied in Korea may find additional scoring benefits, putting international students in a favorable position.
An Alternative Path to Applying for the Trade Management Visa: Completing Trade Training
Even if your major isn’t trade-related, you can earn points by completing essential trade training. Non-majors can meet mandatory component requirements through the necessary coursework, thereby making it possible to apply for the D-9 visa without needing a capital of 100 million won or more.
Check Out the D-9 Visa Points Calculator
The Importance of Expert Consultation
Navigating the D-9 visa and its complex scoring criteria can be challenging, which is why it’s critical to consult with professionals who can help devise a plan to meet the necessary requirements. Partner with an expert to discover ways you can apply for a trading visa and start your business with lower capital.
Conclusion
This article reflects the situation as of its writing, but keep in mind that government policies may change over time. The information provided is for general purposes only and does not constitute legal advice.
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