SEOUL, Dec. 24 (Korea Bizwire) – The number of foreign nationals having jobs in South Korea reached an all-time high of nearly 1 million this year, and nearly 80 percent of them were affiliated with companies with fewer than 50 workers, data showed Sunday. The number of foreigners aged 15 and older residing in the [...]
SEOUL, Dec. 19 (Korea Bizwire) – The number of foreigners employed in Korea has reached an unprecedented level, with the majority earning between 2 million and 3 million won per month. Thanks to the minimum wage law, salaries have consistently risen each year, and one in three foreign workers now earns more than 3 million won. [...]
SEJONG, Dec. 18 (Korea Bizwire) – In an unprecedented demographic shift, South Korea is expected to witness a significant influx of foreign nationals over the next five decades. According to recent analysis, up to 96,000 foreigners are projected to enter the country annually. This trend aligns with what some demographers are calling the ‘worst-case fertility scenario.’ [...]
SEOUL, Nov. 2 (Korea Bizwire) – Amidst a labor shortage at industrial sites, the government has taken steps to address the increasing number of foreign workers. Vice Minister of Employment and Labor Lee Sung-hee visited Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and announced a comprehensive plan during an on-site meeting with six shipbuilding companies that [...]
SEOUL, Aug. 30 (Korea Bizwire) — The South Korean government provided more than 10,000 workers, including around 8,400 foreign workers, for local shipbuilders in the first half of 2023 in an effort to ease pandemic-related labor shortages, the industry ministry said Wednesday. A total of 10,104 South Korean and foreign workers were employed by shipbuilders [...]
SEOUL, July 16 (Korea Bizwire) — Nearly 15 percent of employees in the South Korean construction industry were foreigners in the first quarter of the year amid a shortage of local laborers at construction sites, a report showed Sunday. A total of 110,000 workers of foreign nationality were working at construction sites as of end-March, [...]
SEOUL, July 7 (Korea Bizwire) — South Korea will explore ways to accept more foreign workers to address its low birth rates and workforce shortages, the finance ministry said Friday. “We need to work together to reach a social consensus that accepting foreign workers and rolling out immigration policies are vital for the sustainable growth [...]
SEOUL, April 13 (Korea Bizwire) — The number of foreigners working in South Korea’s agricultural industry spiked 531 percent on-year in the first quarter amid eased COVID-19 restrictions, data showed Thursday. A total of 8,666 foreigners came to South Korea for jobs in farming villages during the January-March period, sharply up from 1,373 foreign laborers [...]
SEOUL, March 29 (Korea Bizwire) — With the exposé of foreigners living in harsh environments following news reports of various incidents, local governments and authorities are stepping up to come up with preventive measures. Last Monday, four young Nigerian siblings were killed in a fire that engulfed a three-story residential building in Ansan, south of [...]
SEOUL, Feb. 5 (Korea Bizwire) — More than 2,000 foreign workers will be hired by South Korean shipyards this month in a measure to help resolve an acute workforce shortage, according to the Ministry of Justice and the Ministry of Trade, Industry and Energy on Sunday. The government issued E-7 and E-9 visas for the [...]