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 [...]
SEOUL, Oct. 29 (Korea Bizwire) — Foreign executives working for South Korea’s top 100 companies by sales made up just a fraction of the management, industry data showed Monday — a sign of a fall in the diversity of corporate culture. The Korea CXO Institute, a market research firm, showed that foreign nationals accounted for [...]
INCHEON, Oct. 25 (Korea Bizwire) — The Road Traffic Authority, the government agency that issues driving licenses, has recently reduced the number of languages in which written driving exams are offered for foreigners living in South Korea. Due to the growing number of foreigners in South Korea, the new measure is bound to be an [...]
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 [...]
SEOUL, Oct. 10 (Korea Bizwire) — Nearly 26,000 foreigners, including a member of the militant group ISIS, have been blocked from boarding flights to South Korea since the government introduced a passenger screening system last year, justice ministry data showed Wednesday. The screening system, in effect since April last year, is designed to prevent the [...]
SEOUL, Sept. 28 (Korea Bizwire) — A Seoul-based tour company is planning to sell North Korea travel packages to foreigners staying in South Korea. Sunwoo Airlines Travel Agency Co. said Friday that it has secured an exclusive proxy contract with Pyongyang on the sale of North Korea tour packages to foreigners living in South Korea [...]
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 [...]
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 [...]
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 [...]
SEJONG, Oct. 19 (Korea Bizwire) — U.S. citizens possessed half of all real estate owned by foreigners in South Korea, and the southern resort island of Jeju received the most investment under an accommodative visa policy, a parliamentary report showed Thursday. Foreigners held 233.5 million square meters of land nationwide as of the end of [...]