E-7 Insurance and Financial Manager (1320)

 

E-7 Insurance and Financial Manager (1320) – Is It Possible for Foreigners?

This article reflects the latest immigration guidelines as of December 2025.

If you received a job offer to oversee sales, risk management, or operations in a Korean financial institution or insurance company, you may wonder whether you qualify for an E-7 visa.

Insurance and Financial Manager (1320) refers to senior professionals responsible for managing financial or insurance organizations at a strategic level. Immigration authorities carefully review managerial authority, regulatory compliance, and the necessity of hiring a foreign expert.

Here is what foreign job seekers need to know.

1. Scope of Insurance and Financial Manager (1320)

1. Strategic oversight of financial or insurance operations
2. Risk management framework development
3. Regulatory compliance management
4. Organizational performance supervision
5. Leadership over departments or business units

Sales agents or junior analysts do not qualify.

2. Applicable Visa Category

1. E-7 (Professional / Specific Activities)
2. Change of status: D-10 (Job Seeking) → E-7
3. Possible Top-Tier review for senior experts

Financial institutions are regulated industries, so company licensing status matters.

3. Core Requirements

Educational background

• Degree in finance, economics, business, or insurance

Professional experience

• Managerial experience in financial or insurance sector

Salary standard

Generally above national income benchmark

• Appropriate managerial-level compensation

Company requirements

• Proper financial licenses
• Legally operating entity
• Justification for foreign hire

The key issue is whether the foreign manager is strategically essential.

4. D-10 to E-7 Change Procedure

• Sign employment contract
• Prepare detailed job description
• Confirm salary level
• Apply for change of status
• Submit financial and licensing documents

Clear linkage between role and regulatory compliance is important.

5. Common Rejection Cases

• Pure sales roles
• Small agencies assigning nominal manager title
• Low salary inconsistent with managerial level
• Weak justification for foreign hire
• Regulatory misalignment

Substance and responsibility level are strictly reviewed.

Final Advice

E-7 Insurance and Financial Manager (1320) is legally possible, but approval depends on demonstrating real strategic authority and regulatory alignment.

Before applying, confirm:

• Organizational authority
• Salary level
• Licensing compliance
• Strategic necessity

WorkOn VisaHub provides:

Eligibility assessment → Job description strategy → Visa change support

Start preparing today.

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