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Foreigners Turn Net Buyers of Korean Stocks in Oct. on Dip-buying

Foreigners Turn Net Buyers of Korean Stocks in Oct. on Dip-buying

SEOUL, Nov. 9 (Korea Bizwire) — Foreign investors turned net buyers of South Korean stocks in October despite continued global monetary tightening as they picked up oversold shares, central bank data showed Wednesday. Foreigners’ stock investment funds logged a net inflow of US$2.49 billion in October, swinging from the previous month’s net outflow of $1.65 [...]

Real Estate Speculation by Foreigners on Rise in S. Korea

Real Estate Speculation by Foreigners on Rise in S. Korea

SEOUL, Oct. 28 (Korea Bizwire) — South Korea will continue to look into suspicious real estate transactions by foreigners as a recent investigation found increasing illegalities involving foreigners’ home purchases, the land ministry said Friday. The portion of suspicious home purchases by foreigners rose to 1.21 percent, or 6,772 cases, out of the country’s total [...]

Drug Crimes Among Foreigners Have Risen Dramatically Over Last 10 Years: Data

Drug Crimes Among Foreigners Have Risen Dramatically Over Last 10 Years: Data

SEOUL, Oct. 27 (Korea Bizwire) — Foreign drug dealers are gaining a presence in South Korea, once referred to as a drug-free country. A research institute at the Korean National Police University reported that drug crimes involving foreigners jumped from 359 cases in 2012 to 2,335 last year. The nationalities of foreign drug dealers have [...]

Foreigners Flock to Hotels After Travel Restrictions Lifted

Foreigners Flock to Hotels After Travel Restrictions Lifted

SEOUL, Oct. 20 (Korea Bizwire) — South Korean hotels are accommodating more foreigners following the government’s lifting of restrictions on tourists arriving from abroad. At 86 percent, the vast majority of all guests at RYSE, Autograph Collection, located in Hongdae, a popular entertainment district in western Seoul, were foreign tourists in the third quarter of this [...]

S. Korea to Exempt Taxes on Foreigners’ Investment in Gov’t Bonds

S. Korea to Exempt Taxes on Foreigners’ Investment in Gov’t Bonds

WASHINGTON/SEOUL, Oct. 16 (Korea Bizwire) — South Korea plans to begin exempting taxes on interest income and capital gains from foreigners’ investment in government bonds this week, in line with efforts to cope with the volatility in the foreign exchange market, the finance ministry said Sunday. “The measures were needed amid the lingering volatility in [...]

Watchdog Calls for Improved Status of Foreign Single Parents Raising Korean Children

Watchdog Calls for Improved Status of Foreign Single Parents Raising Korean Children

SEOUL, Oct. 4 (Korea Bizwire) — The state human rights watchdog has called on the government to improve the status of residence for foreign single parents who are staying here raising their children of Korean nationality, officials said Tuesday. The National Human Rights Commission (NHRC) made the recommendation to the justice minister in connection with [...]

Foreigners’ Net Stock Buying Reaches Nearly 4 tln Won in Aug.

Foreigners’ Net Stock Buying Reaches Nearly 4 tln Won in Aug.

SEOUL, Sept. 4 (Korea Bizwire) — Foreigners’ net stock purchases reached nearly 4 trillion won (US$2.9 billion) in the South Korean stock markets last month despite the won’s weakness against the dollar, data showed Sunday. In August, foreigners bought 3.98 trillion won worth of stocks in the main KOSPI, tech-heavy KOSDAQ and small businesses-focused KONEX [...]

1 in 5 Foreigners in S. Korea Undocumented: Data

1 in 5 Foreigners in S. Korea Undocumented: Data

SEOUL, Sept. 1 (Korea Bizwire) — One in 5 foreign nationals staying in South Korea are illegal immigrants, with the number of undocumented immigrants rising to nearly 400,000, government data showed Thursday. According to the data compiled by the Ministry of Justice, 395,068 foreigners were staying in the country without a valid visa in July, [...]