SEOUL, Jul. 24 (Korea Bizwire) – A recent analysis of remittance data reveals a significant shift in the financial habits of foreign workers residing in South Korea, with an increasing number opting to send money to their own accounts abroad rather than to family members. BC Card, in collaboration with fintech company Global Money Express (GME), [...]
SEOUL, Jun. 24 (Korea Bizwire) – The Korea Occupational Safety and Health Agency (KOSHA) announced on June 23 that it is distributing multilingual safety and health educational materials to help foreign workers better understand industrial accidents and work more safely. In response to the growing number of foreign workers in various industries, particularly shipbuilding, where serious [...]
SEOUL, Jun. 20 (Korea Bizwire) — Prime Minister Han Duck-soo said Thursday the government will improve its management of foreign workers to help address labor shortages caused by a declining and aging population. Han made the remark during a government meeting held in the central administrative city of Sejong, saying the government drew up a [...]
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 [...]