SEOUL, May 21 (Korea Bizwire) — Seoul’s Mapo District Office reported on Monday that it will operate teams of volunteer crime prevention guards consisting of foreigners. The patrol team consists of 20 people, including Chinese, Nigerian and Vietnamese volunteers. Twice a week, they will patrol the streets in Yeonnam-dong, near Hongik University Station and in the [...]
SEJONG, May 12 (Korea Bizwire) — Starting in July, foreign students could end up paying about seven times more for health insurance premiums as they do now as a revised law requires them to join the state health insurance system if their stay in South Korea exceeds six months. So far, most foreign students have [...]
SEOUL, Apr. 22 (Korea Bizwire) — Foreigners acquiring a bachelor’s or higher degree in South Korea may soon find it easier to become naturalized here, as a group of lawmakers have proposed easing the nationality law to help overcome the nation’s population reduction. Rep. Kim Kyung-jin of the minor opposition Party for Democracy and Peace [...]
SEOUL, Apr. 10 (Korea Bizwire) — Foreign investors have been increasing their buying of South Korean shares in recent sessions, data showed Wednesday, amid optimism, albeit cautious, over the chip industry and progress in U.S.-China trade deals. According to the data compiled by the Korea Exchange (KRX), foreign investors extended their buying binge to eight [...]
SEOUL, Mar. 18 (Korea Bizwire) — Chinese account for 93 percent of all foreigners who acquired permanent residence in South Korea through investment, according to the IOM Migration Research and Training Center. The center revealed that in the 2010 to 2017 period, there were 1,901 cases of foreigners acquiring an Korean residence visas through investment. [...]
SEOUL, Mar. 14 (Korea Bizwire) — The justice ministry said on Thursday it will conclude the temporary voluntary departure system for illegal stayers at the end of the month. The six-month program was adopted in October last year to give overstayers a chance to leave the country with no penalty, irrespective of the period of [...]
SEOUL, Jan. 30 (Korea Bizwire) — At the beginning of each year, a growing number of foreign migrant workers in South Korea are confused and frustrated by the mandatory task of the year-end tax settlement. Under the regulations of the National Tax Service (NTS), all South Korean salaried employees are obliged to file a year-end [...]
SEOUL, Jan. 25 (Korea Bizwire) — High Credit, in-house venture firm of Shinhan Card Co., announced on Thursday that it had developed a credit evaluation model for foreigners living in South Korea. The newly developed credit evaluation model has greatly increased the bank’s ability to differentiate risks by applying non-financial information through big data to [...]
SEOUL, Jan. 23 (Korea Bizwire) — “Why do you cut your meat with scissors at the restaurant?”, “Can you really order chicken and beer at the Han river using an app on your phone?” and “Why are there so many cafes in Korea?”. These are some of the most asked questions about South Korea among [...]
JEJU, Jan. 22 (Korea Bizwire) — Jeju Island will conduct special monitoring on foreigner-only casinos from January 31 to February 24. The island will organize a team of experts to monitor eight casinos established for foreigners to verify if Korean migrants are taking proper steps to enter the casino. The island will also educate casino [...]