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E-2 to F-5...any E-2's actually make 3X the average GNI..?..

 
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itiswhatitis



Joined: 08 Aug 2011

PostPosted: Sun Aug 11, 2013 6:45 am    Post subject: E-2 to F-5...any E-2's actually make 3X the average GNI..?.. Reply with quote

According to the information on this link, one must have an income more than 3 times the average GNI for the previous year.

I looked it up and the average GNI for South Korea is around $30 000 US.

My plan was to have my TOPIK at level 3 in order to apply for the F-5 in March 2015 (I will be on the same E-2 for 5 years at that time).

I guess I also need to find a magical way to make $90 000 US on an E-2 visa.

I am confused........

Anyone who has gone from E-2 to F-5 who can shed some light on this?

Thanks!!!!


http://www.hikorea.go.kr/pt/en/info/popup/icis/3-4-2_pop.htm
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Yaya



Joined: 25 Feb 2003
Location: Seoul

PostPosted: Sun Aug 11, 2013 8:33 pm    Post subject: Reply with quote

Well, I found out that to upgrade my F-4 to an F-5, I'd have to make double Korea's GNI.
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maximmm



Joined: 01 Feb 2008

PostPosted: Sun Aug 11, 2013 8:45 pm    Post subject: Reply with quote

Yaya wrote:
Well, I found out that to upgrade my F-4 to an F-5, I'd have to make double Korea's GNI.


Curious - is F5 an investor visa? Or does Korea allow only wealthy 'migrants' (sorry to my friends apologists, you know that I really meant moronic foreigners) more rights?
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Dog Soldier



Joined: 29 Sep 2010

PostPosted: Sun Aug 11, 2013 8:48 pm    Post subject: Reply with quote

The F2-99 is probably the path you need.

It's something like;

same visa for 5 years
more than 30,000,000 in the bank
salary higher than the average GNI
more than TOPIK 2.

That's how someone on 1345 explained it to me. No need for a sponsor. But I also heard you are not guaranteed the visa even if you meet the requirements. It's down to the immigration officer's discretion...but not sure about that one.
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raewon



Joined: 16 Jun 2009

PostPosted: Mon Aug 12, 2013 3:15 am    Post subject: Reply with quote

Maybe you should look into getting an F2 visa through the point system.
If you think you could get the F2 point-system visa, then you can apply for the F5 visa AFTER you have held the F2 visa for three years.
I THINK the current requirements that need to be met (to go from the F2 point-system visa to the F5 visa) are:
1) proof of 30 Million Korean Won in Korea
2) proof of having earned more than 2 times the average GNI in the previous year
3) TOPIK 2 (or higher) certficate OR completion certificate from immigration's social integration program AND must have received 15 points or more in the language proficiency category when you received
your F2 point-system visa

Do keep in mind that requirements can change from one year to the next.
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