SEOUL, Oct. 16 (Korea Bizwire) – According to a recent report, over the last five years, more than 20,000 men have relinquished their South Korean citizenship. This information is based on data provided by the Military Manpower Administration to the National Assembly, which is currently conducting a national security audit. The data reveals that between 2019 and [...]
Basseterre, Sept. 15, 2023 (Korea Bizwire) – St Kitts and Nevis has been recognised as the best CBI destination in the 2023 edition of the CBI Index, trumping 11 other countries with active citizenship by investment (CBI) programmes. The country, which has made several sweeping changes to its CBI Programme in the last year, took [...]
London, April 26 (Korea Bizwire) — The second edition of the annual World Citizenship Report, reveals how high-net-worth-individuals (HNWIs) and the mass affluent are in search of greater freedoms – whether that means being able to enjoy better social safety and security for oneself and family, increased access to better employment prospects and business opportunities or [...]
London, United Kingdom, April 20 (Korea Bizwire) — Denmark, Switzerland and Finland took the top three spots in the 2023 World Citizenship Report, which launched today. The World Citizenship Report ranks 188 countries across five key motivators defining citizenship for the global citizen. Published by CS Global Partners, the world’s leading government and investment migration advisory firm, [...]
GIMHAE, March 8 (Korea Bizwire) — The city of Gimhae in South Gyeongsang Province is considering offering South Korean citizenship to a talented teenage boxer from Ukraine, who came to South Korea after fleeing from the war. 18-year-old Em Anatoly is an up-and-coming Ukrainian boxer who has won many international competitions. Anatoly came to South [...]
SEOUL, March 1 (Korea Bizwire) — The Constitutional Court has upheld the constitutionality of the law requiring military service for men born to South Korean parents temporarily staying overseas before they can renounce their Korean citizenship. According to legal sources Wednesday, all eight Constitutional Court judges rejected a 23-year-old man’s petition questioning the constitutionality of [...]
SEOUL, Aug. 29 (Korea Bizwire) — The parliamentary legislative committee on Monday passed a revision bill aimed at granting a longer period for multiple nationality holders to report renouncement of South Korean citizenship. The revision proposal was made in line with the Constitutional Court’s 2020 ruling that some clauses of the Nationality Act imposing obligations [...]
SEOUL, Aug. 12 (Korea Bizwire) — The Ministry of Justice has granted Korean citizenship to some descendants of independence fighters against Japan’s colonial rule of the Korean Peninsula. The ministry held a ceremony on Thursday, four days ahead of the 77th anniversary of Korea’s liberation from the 1910-45 colonial rule, and issued citizenship certificates to [...]
SEOUL, May 19 (Korea Bizwire) — The Supreme Court ruled Thursday that citizenship obtained through marriage not made in good faith should not be recognized, marking the first ruling on “sham marriages” as a means of getting citizenship. Upholding a lower court’s ruling, the top court found a Chinese national, whose identity has been withheld, [...]
SEOUL, March 16 (Korea Bizwire) — An increasing number of foreigners are gaining interest in acquiring citizenship or permanent residence permits in South Korea for a continuous stay or economic activity in the country. The Korea Immigration Service reported that 10,895 people became naturalized citizens last year. Except for 2019, more than 10,000 foreigners have [...]