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You can retire in Korea on 200K after tax?

CoL outside of Seoul is ridiculously cheap

Apparently a single person can live in Busan on 1500 USD per month. 200k buys you 11 years, not accounting for inflation and COL increase.

A 40 year old person can’t retire on that money.

If a person has already made progress on their retirement goals, then an additional 200K can certainly help to reach the goal faster.

That’s trivially true always and everywhere haha