SEOUL, Sept. 11 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in August as they locked in profits following a bull run in the local stock market amid economic recovery hopes, the central bank said Friday. Foreigners sold a net US$890 million worth of local stocks last month, a turnaround from [...]
SEOUL, Sept. 7 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in August with their stock ownership hitting a four-year low, the financial regulator said Monday. Offshore investors sold a net 1.07 trillion won (US$900 million) of local shares last month, a turnaround from net buying a month earlier, according to [...]
SEOUL, Aug. 26 (Korea Bizwire) – The number of foreigners overstaying in South Korea increased 10 percent on-year in May, as travelers and migrants were stranded by strict border controls around the world due to the novel coronavirus, data showed Wednesday. The number of foreigners illegally staying in the country reached an all-time high of [...]
SEJONG, Aug. 3 (Korea Bizwire) — South Korea’s tax authorities said Monday they have launched a tax probe against 42 foreigners who own multiple homes in the nation, amid efforts to curb housing prices in Seoul and its neighboring areas. According to the National Tax Service (NTS), a 40-something U.S. citizen had purchased 42 homes [...]
SEOUL, July 26 (Korea Bizwire) — The prosecution said Sunday it is providing a number of services to support foreign crime victims going through local criminal procedures. Foreign victims can learn criminal procedures from videos posted by the Supreme Prosecutors Office (SPO) on its YouTube channel in five different languages — Chinese, English, Thai, Vietnamese and [...]
SEOUL, July 15 (Korea Bizwire) — A Japanese man who became the first foreigner arrested by South Korean police in May for violating mandatory self-isolation rules aimed at containing the coronavirus was freed on Wednesday after being given a suspended jail sentence by a local court. The Seoul Western District Court sentenced the 23-year-old Japanese [...]
SEOUL, July 13 (Korea Bizwire) — South Korea on Monday started to require foreigners arriving from high-risk countries to submit a certificate showing they tested negative for the new coronavirus, as a steady rise in imported cases has strained its anti-virus fight. All foreign arrivals from the four countries — Bangladesh, Pakistan, Kazakhstan, and Kyrgyzstan [...]
SEOUL, July 12 (Korea Bizwire) — South Korea will require foreigners arriving from high-risk nations to submit a certificate showing they tested negative for the new coronavirus from Monday, as the nation struggles with a steady rise in imported cases. The high-risk nations are Bangladesh, Pakistan, Kazakhstan and Kyrgyzstan, according to websites of South Korean [...]
CHANGWON, July 10 (Korea Bizwire) — Concerns are growing over a recent spike in the number of crimes committed by foreigners in South Gyeongsang Province. Last Tuesday, a Burmese national working at a farm in Gimhae, some 450 kilometers southeast of Seoul, fatally stabbed a fellow national for not working hard. On Sunday, a Chinese [...]
BUSAN, July 6 (Korea Bizwire) — Dozens of foreigners including U.S. soldiers stationed in South Korea created disturbances by setting off firecrackers at a renowned beach in Busan on Saturday night, apparently in celebration of U.S. Independence Day, local police said Monday. The foreigners shot numerous rounds of firecrackers into the sky and even towards [...]