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All Foreign Wage Earners Required to File Tax Returns: Gov’t

All Foreign Wage Earners Required to File Tax Returns: Gov’t

SEJONG, Jan. 15 (Korea Bizwire) – South Korea’s tax agency said Tuesday that all foreign wage earners must file their year-end 2018 tax settlement by the end of next month, regardless of their nationality or length of stay. The National Tax Service said some income deduction or tax credit items are not applicable to foreigners and recommended [...]

Additional Taxation for Foreign Owners of Condominiums in Jeju

Additional Taxation for Foreign Owners of Condominiums in Jeju

JEJU, Jan. 3 (Korea Bizwire) — Starting this year, foreigners in Jeju will be subject to heavy taxation if they use condominiums that they have purchased as vacation homes. Jeju Province announced on Wednesday that condominiums acquired by foreigners, unless proven as primary residences, will be regarded as private vacation homes, and will be subject [...]

Foreigners Pick Bamdokkaebi Night Market as Seoul’s Best Policy of Year

Foreigners Pick Bamdokkaebi Night Market as Seoul’s Best Policy of Year

SEOUL, Dec. 24 (Korea Bizwire) — Outdoor night markets featuring international foods and handicraft and cultural performances have been chosen as the Seoul Metropolitan Government’s best policy of 2018 in an online poll of foreigners here and abroad, officials said Monday. A total of 15,172 foreigners living in South Korea and 71 other countries participated [...]

1 out of 5 Foreigners Suffer Discrimination in S. Korea: Report

1 out of 5 Foreigners Suffer Discrimination in S. Korea: Report

SEJONG, Dec. 19 (Korea Bizwire) — One of out of every five foreigners in South Korea suffer discrimination, due mainly to their nationalities, government data showed Wednesday. The data compiled by Statistics Korea showed that 21.2 percent of 1.3 million foreigners said they were discriminated by South Koreans. Among them, 60.9 percent said they were [...]

Foreigners Awaiting Naturalization Take Oath of Citizenship

Foreigners Awaiting Naturalization Take Oath of Citizenship

CHUNCHEON, Nov. 28 (Korea Bizwire) — Nine foreign nationals awaiting naturalization participated in a rehearsal for an upcoming citizenship ceremony at the Chuncheon Immigration Office in Chuncheon, Gangwon Province on Tuesday. “As a proud citizen of the Republic of Korea, I solemnly swear that I will abide by the Korean Constitution and its laws and [...]

Foreign Residents in Korea Falsely Claim Insurance Subsidies Totaling 28 Billion Won

Foreign Residents in Korea Falsely Claim Insurance Subsidies Totaling 28 Billion Won

SEOUL, Nov. 9 (Korea Bizwire) — The value of national health insurance subsidies falsely claimed by foreigners residing in Korea over the last five years totaled 28 billion won(US$24.8 million). According to data submitted to Rep. Hong Chol-ho of the main opposition Liberty Korea Party by the National Health Insurance Service, false health insurance claims [...]

More Foreigners Coming to Korea for Plastic Surgery

More Foreigners Coming to Korea for Plastic Surgery

SEOUL, Oct. 11 (Korea Bizwire) — More than 48,000 foreigners came to South Korea last year to get cosmetic surgery, spending some 215 billion won (US$189.12 million), health ministry data showed on Thursday. The numbers provided to Rep. Nam In-soon of the ruling Democratic Party for a parliamentary audit showed 397,882 foreign patients visited South [...]