Main Contents of the Social Security Agreement Between Korea and Argentina
History of the Agreement with Argentina
- Mar 2012 : Held the first preliminary meeting of the Agreement
- Nov 2012 : Held the preliminary meeting of the Agreement and Administrative Arrangement
- Mar 2013 : Held the first implementation meeting of the Agreement
- Nov 2018 : Signed the Agreement
- Nov 2024 : Notification of completion of domestic procedures from Argentina
- Feb 2025 : Entry into force of the Agreement
Applicable Legislation
| Korea | Argentina |
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Personal Scope of this Agreement
- This Agreement shall apply to any person who is or who has been subject to the legislation of either Contracting Party, and to the dependents and survivors of such a person within the meaning of the applicable legislation.
- ※ For more information, you may refer to the section Agreement
Exemption from Dual Coverage
- ① In general, an employed or self-employed person who works in the territory of one Contracting Party shall, with respect to that work, be subject only to the legislation of that Contracting Party.
- ② A detached worker is exempt from being subject to the legislation of the Party which he/she is sent to for no more than 3 years if he/she is covered under the legislation of his/her home country.(In the case that agencies of both Contracting Parties agree on, extra 2 years may be extended)
- ③ A self-employed person residing in one Contracting Party who undertakes a similar activity as a self-employed person in the other Contracting Party for no more than 3 years is subject to the legislation of the first Contracting Party.(In the case that agencies of both Contracting Parties agree on, extra 2 years may be extended)
- ※ For more information, you may refer to the section Agreement or Guide for Exemption Application
[ Applicable Legislation under the Agreement ]
| Type | Work Status | Coverage |
|---|---|---|
| Employee | In case working in Argentina: | |
| - Those who are employed in Argentina | Argentina | |
| - Those who are employed in Korea but are dispatched to Argentina for work for no more than 3 years (In the case that agencies of both Contracting Parties agree on, extra 2 years may be extended) | Korea | |
| - Those who are employed in Korea but are dispatched to Argentina for work for more than 3 years without the consent regarding extension of the detached period | Argentina | |
| In case working in Korea: | ||
| - Those who are employed in Korea | Korea | |
| - Those who are employed in Argentina but are dispatched to Korea for work for no more than 3 years (In the case that agencies of both Contracting Parties agree on, extra 2 years may be extended) | Argentina | |
| - Those who are employed in Argentina but are dispatched to Korea for work for more than 3 years without the consent regarding extension of the detached period | Korea | |
| Self-employed | In case running self-employed business in Argentina: | |
| - Those who ordinarily reside in Argentina as a self-employed person | Argentina | |
| - A self-employed person who resides in Korea and undertakes similar self-employment activities in Argentina for no more than 3 years (In the case that agencies of both Contracting Parties agree on, extra 2 years may be extended) | Korea | |
| - A self-employed person who resides in Korea and undertakes similar self-employment activities in Argentina for more than 3 years without the consent regarding extension of the detached period | Argentina | |
| In case running self-employed business in Korea: | ||
| - Those who ordinarily reside in Korea as a self-employed person | Korea | |
| - A self-employed person who resides in Argentina and undertakes similar self-employment activities in Korea for no more than 3 years (In the case that agencies of both Contracting Parties agree on, extra 2 years may be extended) | Argentina | |
| - A self-employed person who resides in Argentina and undertakes similar self-employment activities in Korea for more than 3 years without the consent regarding extension of the detached period | Korea |
Benefits under this Agreement
- Even though your periods of coverage in one country are not sufficient to qualify for pension benefits, you may be eligible for benefits after this Agreement has entered into force, thanks to the totalization of coverage periods in both countries.
- ① Korean National Pension Benefits under the Social Security Agreement
- - If you have period of coverage under the Korean National Pension Scheme but do not have enough periods of coverage to qualify for pension benefits under the Korean national pension scheme, you may be able to qualify for Korean national pension benefits by totalizing periods of coverage under the Korean and Argentine pension systems. However, these periods creditable under the Argentine pension system, must not coincide with those under the legislation of Korea.
- - Your benefit is calculated by dividing the Korean periods of coverage by the total periods of coverage and then multiplying by the benefits amount (theoretical benefit). The benefits amount (theoretical benefit) is calculated based on the total periods in both countries.
- ② Argentine Pension Benefits under the Social Security Agreement
- - If you do not have enough periods of coverage to qualify for pension benefits under the Argentine pension system, you may be able to qualify for Argentine pension benefits by totalizing periods of coverage under the Korean and Argentine pension systems. However, these periods creditable under the Korean national pension scheme, must not coincide with those under the legislation of Argentina.
- ③ A person who resides in the territory of a Party shall receive equal treatment with nationals of that Party in the application of its legislation regarding entitlement to or payment of benefits.
- ④ Korean lump-sum refunds are granted to Argentine nationals based on the Agreement.
※ For more information, you may refer to the section either Agreement or Guide for Benefits Application.
Agencies of this Agreement
| Korea | Argentina |
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| (1) National Pension Service (NPS) |
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