SEOUL: Foreign residents in South Korea face an increasing financial burden from health insurance premiums, as their costs continue to rise at a disproportionate rate compared to local subscribers.
According to data from South Korea’s health insurance authorities released Friday (March 14), the average monthly health insurance premium per household for foreign residents who are enrolled in the universal health care system as "local subscribers" has steadily increased over the past five years, rising from 118,180 won ($81) in 2021 to 135,280 won this year.
