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Over 17,000 Foreigners Barred from Flying to S. Korea over Past Year

Over 17,000 Foreigners Barred from Flying to S. Korea over Past Year

SEOUL, April 10 (Korea Bizwire) – South Korea prevented more than 17,000 foreign nationals, who committed crimes or were highly likely to do so, from entering the country from April 2017 to this March by implementing a system to screen passenger information prior to their boarding South Korea-bound planes, the justice ministry said Monday. The system, which went into effect April 1, 2017, calls for the ministry to receive passenger information from an airline at the [...]

Health Care Costs for Insured Foreigners Double over 5 years

Health Care Costs for Insured Foreigners Double over 5 years

SEOUL, Sept. 15 (Korea Bizwire) — Health care costs for foreigners covered by South Korea’s state health insurance have more than doubled over the past five years as more subscribe to the scheme, data showed Friday. The total medical cost for covered foreigners came to 553 billion won (US$487 million) last year, up 109 percent [...]

Foreigners Own Over Half of Electric, Electronics Stocks

Foreigners Own Over Half of Electric, Electronics Stocks

SEOUL, Sept. 11 (Korea Bizwire) — Foreign investors hold more than half of electric and electronics shares listed on South Korea’s main stock market, data showed Monday. Foreign ownership of those stocks traded on the Korea Composite Stock Price Index (KOSPI) market came to 51.2 percent of their total market capitalization as of Wednesday, the [...]

Government Officials Pledge Support for Cultural and Ethnic Minorities

Government Officials Pledge Support for Cultural and Ethnic Minorities

SEOUL, Aug. 30 (Korea Bizwire) — South Korean officials and experts discussed the new government’s multicultural policies at an annual forum hosted by Yonhap News Agency on Wednesday. Gender Equality Minister Chung Hyun-back pledged to double efforts to support the increasing non-Korean and mixed-race population and help Korean society better cope with the demographic changes.  [...]

KORAIL to Upgrade Services for Foreigners Using Train Passes

KORAIL to Upgrade Services for Foreigners Using Train Passes

DAEJEON, Jul. 31 (Korea Bizwire) — The national train operator KORAIL said Monday it will upgrade its foreigners-exclusive train pass system starting next month by simplifying prices and purchases. Korail passes were priced differently depending on when foreign users entered South Korea. The valid period of the passes also differed according to entry dates. KORAIL [...]

Foreigners Being Scammed by Taxis on the Decline

Foreigners Being Scammed by Taxis on the Decline

SEOUL, April 18 (Korea Bizwire) – The overcharging of foreigners by taxi drivers in the Seoul metropolitan area appears to be tapering off, the municipal government said Tuesday, citing the results of its continued crackdowns. According to the Seoul Metropolitan Government, the average taxi fare paid by foreign visitors for trips from Incheon International Airport, [...]