SEOUL, Jan. 26 (Korea Bizwire) — Foreigners’ building transactions in South Korea reached an all-time high in 2020, with deals soaring in the Seoul metropolitan area, data showed Tuesday. Foreigners’ transactions of housing and commercial buildings in Asia’s fourth-largest economy came to 21,048 last year, up 18.5 percent from a year earlier, according to the [...]
SEOUL, Jan. 7 (Korea Bizwire) — Global consumers picked kimchi as their most preferred Korean dish, a poll showed Thursday, amid the growing popularity of traditional Korean food, known as hansik, in line with the boom of the country’s pop culture around the world. Nearly 34 percent of the respondents said they preferred eating kimchi, [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korea will require foreigners to test negative for the novel coronavirus before arrival, starting at airports next week, as the nation steps up its fight against the pandemic amid a winter wave of the virus, officials said Friday. Foreign arrivals must have a negative polymerase chain reaction (PCR) [...]
SEOUL, Dec. 11 (Korea Bizwire) – Short-term stay foreigners are obliged to report their places of accommodation here to immigration authorities under the government’s latest measure to stem the spread of the coronavirus pandemic, the Ministry of Justice said Friday. The ministry said the accommodation reporting system for short-term visitors went into effect on Thursday [...]
SEOUL, Dec. 4 (Korea Bizwire) — Foreign ownership of South Korean land rose 1.2 percent in the first half of 2020 from the end of 2019, the land ministry said Friday. Foreigners owned 251.6 square kilometers — slightly more than four times the size of Manhattan — at the end of June. It represents 0.25 [...]
SEOUL, Nov. 12 (Korea Bizwire) — Foreigners, once concentrated in certain parts of Seoul, are now widely distributed across wider regions including Gyeonggi Province and other areas. The Chonnam National University Institute of Regional Geography reported a 8.1 percentage point decrease in foreigners living in Seoul between 2010 (30.8 percent) and 2018 (22.7 percent) in [...]
SEOUL, Nov. 4 (Korea Bizwire) — Starting next year, the word ‘alien’ will no longer be used on ID cards for foreigners. The Ministry of Justice announced that the revised enforcement decree of the Immigration Control Act will come into effect this Thursday to delete the term ‘alien’ from Alien Registration Cards. The revision was [...]
SEOUL, Oct. 29 (Korea Bizwire) — The number of foreigners residing in South Korea exceeded 2.22 million as of November last year, marking an on-year increase of about 8 percent, government data showed Thursday. According to the data released by the Ministry of the Interior and Safety, 2,216,612 foreigners were registered as residents nationwide, accounting [...]
SEOUL, Oct. 29 (Korea Bizwire) — Concerns are being raised as Chinese millionaires are reportedly purchasing additional luxury apartments in Seoul, further raising housing prices amid a lack of housing supply. Recently, a Chinese study-abroad student in his 30s was found to have purchased eight apartments across South Korea, seven of which were being rented [...]
SEOUL, Oct. 21 (Korea Bizwire) — Among foreigners who received South Korean health insurance benefits over the past five years, Chinese people accounted for more than two thirds of the total. For cases of illegal health insurance coverage that happened during the same period, the clawback amount remained low at less than 50 percent. According [...]