foreigners Archives | Be Korea-savvy
Insurance Policies Increasingly Popular Among Registered Foreigners

Insurance Policies Increasingly Popular Among Registered Foreigners

SEOUL, April 18 (Korea Bizwire) — Among the foreigners registered in South Korea, the share of those who subscribe to insurance policies has been on an upward trend and such foreigners showed a high preference for health insurance primarily due to concerns about illness, a report showed Sunday. The number of foreigners registered in South [...]

Foreign Residents in S. Korea to Rise to 4.3 pct of Population in 2040: Report

Foreign Residents in S. Korea to Rise to 4.3 pct of Population in 2040: Report

SEOUL, April 14 (Korea Bizwire) — South Korea’s total population has started to decline amid low childbirths, but the number of foreigners here is forecast to continue to increase to make up of 4.3 percent of the population in 2040, a report showed Thursday. After peaking at 51.84 million in 2020, the country’s total population [...]

Foreigners Sell Korean Stocks for 2nd Month on Ukraine War, Fed Rate Hike Woes

Foreigners Sell Korean Stocks for 2nd Month on Ukraine War, Fed Rate Hike Woes

SEOUL, April 13 (Korea Bizwire) — Foreigners sold a net of some US$4 billion worth of South Korean stocks in March amid worries over the protracted war in Ukraine and the U.S. Federal Reserve’s aggressive move to tighten its monetary policy, central bank data showed Wednesday. Foreigners’ net stock selling came to $3.93 billion last [...]

Koreans, Foreigners Pick Up New Habits of ‘Handwashing’ and ‘YouTube Watching’ in Pandemic Era

Koreans, Foreigners Pick Up New Habits of ‘Handwashing’ and ‘YouTube Watching’ in Pandemic Era

SEOUL, April 7 (Korea Bizwire) — With the coronavirus pandemic continuing for more than two years, Koreans have learned a new habit of washing hands while foreigners are watching more YouTube content, a Seoul-based non-profit organization said Wednesday. The Corea Image Communication Institute conducted a survey of 214 Koreans and 203 foreigners, in which 71.5 [...]

More Foreigners Interested in South Korean Citizenship

More Foreigners Interested in South Korean Citizenship

SEOUL, March 16 (Korea Bizwire) — An increasing number of foreigners are gaining interest in acquiring citizenship or permanent residence permits in South Korea for a continuous stay or economic activity in the country. The Korea Immigration Service reported that 10,895 people became naturalized citizens last year. Except for 2019, more than 10,000 foreigners have [...]

Foreigners Stay Net Sellers of S. Korean Stocks for 2nd Month in Feb.

Foreigners Stay Net Sellers of S. Korean Stocks for 2nd Month in Feb.

SEOUL, March 14 (Korea Bizwire) — Foreign investors remained net sellers of South Korean stocks in February amid growing jitters over Russia’s invasion of Ukraine, data showed Monday. Foreigners offloaded a net 2.58 trillion won (US$2.09 billion) worth of local stocks last month, marking the second straight month of net selling, according to the data [...]

Foreign Stock Ownership Hits 6-year Low on Ukraine Risk, U.S. Rate Hike Jitters

Foreign Stock Ownership Hits 6-year Low on Ukraine Risk, U.S. Rate Hike Jitters

SEOUL, March 13 (Korea Bizwire) — Foreign ownership of South Korean stocks fell to a six-year low, bourse data showed Sunday, as overseas investors preferred safer assets in the wake of the Ukraine crisis and ahead of a widely expected U.S. rate hike. As of Friday, foreign investors held 666 trillion won (US$538 billion) worth [...]

Foreigners Turn Net Stock Sellers in February amid Ukraine Crisis

Foreigners Turn Net Stock Sellers in February amid Ukraine Crisis

SEOUL, March. 11 (Korea Bizwire) — Foreigners withdrew more money from the stock market in South Korea than their investments last month as a risk-averse attitude grew amid heightened geopolitical risks from Russia’s invasion of Ukraine, central bank data showed Friday. Foreigners unloaded a net US$1.86 billion worth of local stocks in February, marking the [...]