Main Contents of the Social Security Agreement Between Korea and Sweden
History of the Agreement with Sweden
- September 2012 :Held the first working-level meeting of the Agreement
- May 2013:Held a meeting on the Implementation of the Agreement
- September 2013 : Signing of the Agreement & Administrative Arrangement of the Agreement
- July 2014 :Received a written notification from Sweden that Sweden has complied with all requirements for entry into force of the Agreement
- March 2015 :Provided a written notification to Sweden that Korea has complied with all requirements for entry into force of the Agreement
- June 2015 :Entry into force of the Agreement
Applicable Legislation
- in relation to Korea,
- - Coverage and Benefit : the National Pension Act
- in relation to Sweden,
- - Coverage and benefits : the legislation on sickness compensation and activity compensation, the legislation on income-based old-age pensions and guarantee pensions, and the legislation on survivors’ pensions and surviving children’s allowance.
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 other persons in regard to the rights derived from such a person.
- ※ For more information, you may refer to the section Agreement.
Exemption from Dual Coverage
- ① In general, an employed or a self-employed person, with respect to that work only is subject to the legislation of a contracting party in which he/she works.
- ② A detached person is exempt from being subject to the legislation of the party which he/she is sent to for no more than 2 years if he/she is covered under the legislation of his/her home country.
- ③ A person who is engaged in self-employed activities in both contracting parties is subject to the legislation of only the contracting party in which he/she ordinarily resides.
- ※ 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 | You are working in Sweden | |
| - for an employer in Sweden who hired you | Sweden | |
| - for an employer in Korea who sent you to work in Sweden for no more than 2 years (Based on the mutual agreement between the two countries, those periods can be extended.) | Korea | |
| - for an employer in Korea who sent you to work in Sweden for more than 2 years without extension of detached period | Sweden | |
| You are working in Korea | ||
| - for an employer in Korea who hired you | Korea | |
| - for an employer in Sweden who sent you to work in Korea for no more than 2 years (Based on the mutual agreement between the two countries, those periods can be extended.) | Sweden | |
| - for an employer in Sweden who sent you to work in Korea for more than 2 years without extension of detached period | Korea | |
| Self-employed | You are self-employed in Sweden | |
| - for a self-employed person who works in Sweden | Sweden | |
| - for a self-employed person who ordinarily resides in Sweden and works for both countries | Sweden | |
| You are self-employed in Korea | ||
| - for a self-employed person who works in Korea | Korea | |
| - for a self-employed person who ordinarily resides in Korea and works for both countries | 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. This is possible due to totaling the coverage of both countries.
- ① Korean National Pension Benefits under the Social Security Agreement
-
- If you have periods of coverage under the Korean national pension program but do not have enough periods of coverage (e.g., 20 years for Full Old-age pension) to qualify for pension benefits under the Korean national pension program, you may be able to qualify for Korean national pension benefits by totaling periods of coverage under the Korean and Swedish pension systems. However, these periods creditable under the Swedish 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 Swedish Pension Benefits under the Social Security Agreement
- - If you have periods of coverage under the Swedish pension program but do not have enough periods of coverage to qualify for pension benefits under the Swedish pension system, you may be able to qualify for Swedish pension benefits by totalizing periods of coverage under the Korean and Swedish pension systems. However, these periods creditable under the Korean national pension program, must not coincide with those of under the legislation of Sweden.
- ③ A national of either contracting country who resides in the other contracting country is treated equally with the national of the other contracting country in the application of the legislation of the other contracting country.
- ④ Despite the provisions on equal treatment, Korean lump-sum refunds are not granted to Swedish 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 | Sweden |
|---|---|
| National Pension Service (NPS) |
|
