Koreans Retiring in the Philippines
Koreans find the Philippines to be an inviting place to be in. Golfers and students, and now retirees, are flocking to the Pearl of the Orient.
Figures from the government’s retirement and tourism agencies showed that since 1987, 3,225 Koreans have availed themselves of the Philippine Retirement Authority’s special retiree program.
These “long-stays” commit to spend a part of their retirement money here in exchange for residency as well as a lower cost of living.
Over the past 20 years, at least 13 South Korean retirees a month have been moving to the Philippines.
South Koreans are the third largest retiree group in the country, after the Chinese (3,690 as of June 2007) and the Taiwanese (3,241).
Top reasons for Koreans to retire in the Philippines are the schools available for their children, and business opportunities.
Might the government take note and aim to attract more Filipino expats to come back home and retire in the Philippines?
via Inquirer.net
5 Comments
Yeah nowadays it’s not only the chinese you see but also koreans! I see a lot of them at ust, yeah they’re here to learn english.. Well about the retirement thing, we all know Philippines is beautiful except for the polluted cities we have, but for many other places it’s really paradise. Also I think for some Filipinos who are working abroad it would only be temporary just until their families are stable. I’m sure they’ll be back where they belong. But for now, earning money is really hard here in the country and filipinos would really opt to go abroad for now. Maybe in the future if the country is well enough, then you could expect filipinos coming back here.
I’d love to see many Koreans to be well merged in our Philippine society and eventually becomes a Philippine citizens which we’ll calls them “Kornoys” which means “Korean-Filipino citizens”. Our Philippine society is in it’s fastest phase transforming into a multicultural society. Undeniably, Filipinos loves foreigners to be assimilated with them. Mabuhay Philippines!…
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I was born and raised in the Philippines, ( Cagayan de Oro ) but have lived in the US for the better part of my life. I still go back to the motherland at least once a year bec my family still lives.. One of the activities my 3 bros and I enjoy and competitively play is golf and it is here that I got introduced to Koreans that have migrated to the Phils.. My experience w/ the once that I play w. are that they are courteous but there are some Korean golfers in the same course we play in that are somewhat rude and disrespectful and I blame this on their playing partners not letting them know that they are out of line, whenever they are and they begin to get the idea that they can push their weight around. There are Koreans that have abused the “welcome mat” we extend to them when they migrate to our country ( refer to the Gov Pinol and a Korean national incident in Davao City recently) My group w/ the few Koreans that play w/ us are never out of line coz whenever they are – they will know it.