SEOUL, Aug. 6 (Korea Bizwire) — Foreigners’ turnover in South Korea’s secondary stock market rose this year, while their proportion in the main bourse moved down, data showed Monday. The overseas investors took up 9 percent of the daily turnover in the tech-laden KOSDAQ market during the first seven months of the year, up 1.6 [...]
SEOUL, May 16 (Korea Bizwire) — A Korean speaking contest for foreigners was held at Kyung Hee University’s Crown Concert Hall yesterday. Competition was fierce at the 21st “World Korean Language Speech Contest for Foreigners” co-hosted by Kyung Hee University and Yonhap News Agency, in which 16 contestants from 12 countries vied for the top [...]
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 [...]
SEJONG, Oct. 19 (Korea Bizwire) — U.S. citizens possessed half of all real estate owned by foreigners in South Korea, and the southern resort island of Jeju received the most investment under an accommodative visa policy, a parliamentary report showed Thursday. Foreigners held 233.5 million square meters of land nationwide as of the end of [...]
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 [...]
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 [...]
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. [...]
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 [...]
SEOUL, June 5 (Korae Bizwire) – A Seoul court ruled on Monday that it is illegal for private foreign language institutes to not pay severance to native-speaking instructors at the end of their contracts. The Seoul Central District Court ordered a private foreign language institute in Seoul to pay a total of about 180 million [...]
SEOUL, May 16 (Korea Bizwire) – The number of foreigners residing in South Korea has been rising at a fast clip over the past decade, with their tax payments rising more than fourfold, government data showed Tuesday. Foreign residents in the country numbered 1.89 million in 2015, 2.5 times the 747,000 recorded 10 years earlier, [...]