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Foreigners’ Presence in KOSDAQ Market Grows in 2018: Data

Foreigners’ Presence in KOSDAQ Market Grows in 2018: Data

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 [...]

French Student Clinches Top Prize at Korean Speech Contest

French Student Clinches Top Prize at Korean Speech Contest

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 [...]

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 [...]