SEOUL, Aug. 14 (Korea Bizwire) — South Korea could see its economy expand by the equivalent of 6% of GDP if the number of foreign residents increased by one million, according to a new study by the Korea Chamber of Commerce and Industry (KCCI) and a research team led by Professor Kim Deok-pa of Korea [...]
SEOUL, May 20 (Korea Bizwire) — The Seoul city government announced Monday it will invest 250.6 billion won (US$184.8 million) over the next five years to attract foreign talent and businesses, aiming to boost the city’s global competitiveness. The plan, announced by Seoul Mayor Oh Se-hoon, came amid an increasing foreign population in Seoul, with [...]
SEOUL, July 7 (Korea Bizwire) — The government is pushing to grant the long-term residency F-2 visa to high-skilled foreigners as a way to tackle the shrinking population and retain talented workers, the justice ministry said Wednesday. The Ministry of Justice announced the plan during a briefing on the result of a government meeting on [...]