F-2-99 — Long-term Resident Visa (Points-based/Duration)

The F-2-99 is a points-based residency visa for long-term residents of South Korea who have established significant presence and stability. Applicants must have resided in Korea for at least 5 consecutive years on a qualifying work visa (E-1 to E-7) or 7 years on other categories (D-1 to F-3), with a minimum annual income of 33.6 million KRW and assets of at least 30 million KRW.

The visa grants residency for up to 5 years per grant and is renewable. Main fees include 30,000 KRW for the Alien Registration Card and 20,000 KRW for ARC application. Dependents may accompany the visa holder; spouses have restricted work rights. This status serves as a direct pathway to the F-5 Permanent Residency visa.

This visa is ideal for established foreign professionals who have successfully integrated into Korean society over multiple years and seek stable, long-term residency with expanded economic freedoms before pursuing permanent residence.