#Statute of Limitations
Related posts · 5 posts
Time Limits on Korea's National Pension — 5 Years to Claim Benefits, 10 Years for a Lump-Sum Refund, 3 Years to Collect Contributions, No Running While Fully Suspended
Article 115 of Korea's National Pension Act sets prescription at 3 years for the right to collect contributions, 5 years for the right to receive benefits, to recover overpaid amounts and to recover wrongly paid benefit, and 10 years for the lump-sum refund under Article 77(1)1. Time does not run while the whole benefit is suspended, and a claim interrupts it.
Korean Card Points — We Could Not Find “Five Years” in Any Statute
There is still no provision setting a five-year point expiry. What we did find is where the law does speak — what happens to points after the term runs, and what changes at 50,000 won.
Unclaimed Insurance Money — the Three Years, and the Provision That Protects Them
Commercial Act art. 662 fixes three years and nothing else — not the start, not interruption, not inheritance. All three are in the Civil Act, and a bare demand buys only six months.
Unclaimed Money in Korea — Where “But I Got a Notice” Does Not Help
For taxes the statute says the period is not interrupted by a notice urging you to claim. For health insurance and the pension, a claim does interrupt it.
Find Unclaimed Tax Refunds — A 5-Minute Self-Check (2026)
A notice from the tax office does not stop the five years running — the provision says so in as many words.