SEJONG, Jan. 15 (Korea Bizwire) – South Korea’s tax agency said Tuesday that all foreign wage earners must file their year-end 2018 tax settlement by the end of next month, regardless of their nationality or length of stay. The National Tax Service said some income deduction or tax credit items are not applicable to foreigners and recommended [...]
JEJU, Jan. 3 (Korea Bizwire) — Starting this year, foreigners in Jeju will be subject to heavy taxation if they use condominiums that they have purchased as vacation homes. Jeju Province announced on Wednesday that condominiums acquired by foreigners, unless proven as primary residences, will be regarded as private vacation homes, and will be subject [...]
SEOUL, Dec. 24 (Korea Bizwire) — Outdoor night markets featuring international foods and handicraft and cultural performances have been chosen as the Seoul Metropolitan Government’s best policy of 2018 in an online poll of foreigners here and abroad, officials said Monday. A total of 15,172 foreigners living in South Korea and 71 other countries participated [...]
SEJONG, Dec. 19 (Korea Bizwire) — One of out of every five foreigners in South Korea suffer discrimination, due mainly to their nationalities, government data showed Wednesday. The data compiled by Statistics Korea showed that 21.2 percent of 1.3 million foreigners said they were discriminated by South Koreans. Among them, 60.9 percent said they were [...]
SEOUL, Dec. 6 (Korea Bizwire) — The birth rate for South Koreans married to foreigners is dropping. Statistics Korea announced on Wednesday that the number of newborn babies from multicultural families last year amounted to 18,440, which was 5.1 percent fewer than the previous year. After reaching a record high of 22,908 births in 2012, [...]
CHUNCHEON, Nov. 28 (Korea Bizwire) — Nine foreign nationals awaiting naturalization participated in a rehearsal for an upcoming citizenship ceremony at the Chuncheon Immigration Office in Chuncheon, Gangwon Province on Tuesday. “As a proud citizen of the Republic of Korea, I solemnly swear that I will abide by the Korean Constitution and its laws and [...]
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 [...]