Introduction

The social security agreement between the governments of New Zealand and Korea allows former residents of one country access to some benefits and pensions under the other country's social security system.

Under the agreement:

• periods of coverage in Korea are periods of contributions recognised and completed under the legislation of Korea. After the age of 20 the contributions can be regarded as periods of residence and presence in New Zealand to meet the residence qualifications for New Zealand Superannuation or Veteran's Pension
• periods of New Zealand working age residence can be taken into account for the purpose of establishing entitlement to Korean old age benefits
• Korean old age benefit paid for retirement can be paid in New Zealand
• New Zealand Superannuation and Veteran's Pension can be paid in Korea

Note War disablement pensions from either country are not included in this agreement.