SEOUL, July 6 (Korea Bizwire) — Tourist arrivals in South Korea nose-dived 99.5 percent in May due to global travel restrictions amid the coronavirus pandemic, data showed Monday. The data from the state-run Korea Tourism Organization (KTO) showed a mere 6,111 foreign tourists visited South Korea in May, compared with over 1.23 million a year [...]
SEOUL, June 30 (Korea Bizwire) — Seoul city is moving to provide emergency relief funds to foreigners living in the capital city that could benefit some 100,000 households, municipal authorities said Tuesday. The city government said that Seoul Metropolitan Council earlier in the day passed a 2.23 trillion-won (US$1.86 billion) extra budget bill that includes [...]
SEOUL, June 25 (Korea Bizwire) — Yongsan Ward, one of Seoul’s most multinational districts, announced Thursday it plans to pick 30 foreign residents as honorary community leaders. The plan is part of the ward office’s efforts to encourage more foreign residents to take part in community affairs and boost communication among residents in the central [...]
SEOUL, June 6 (Korea Bizwire) — Seoul’s municipal government said Saturday it has translated its guidelines on separate disposal of food waste into 10 foreign languages for distribution to foreigners living in the capital. The 10 languages are English, Chinese, Vietnamese, Japanese, Russian, Mongolian, French, Malay, Hindi and Thai. The government said the move comes [...]
SEOUL, June 2 (Korea Bizwire) — The word ‘alien’ will be removed from the registration cards issued to all foreigners residing in South Korea. The use of the term has been under constant criticism since ‘alien’ may also mean ‘extraterrestrial’ or ‘stranger’ in exclusionary terms. The Ministry of Justice announced Monday that it will select [...]
SEOUL, June 1 (Korea Bizwire) — Starting this month, foreigners will be able to register their mobile phones and open up bank accounts with a Korean name. The government announced Friday that starting on June 8, foreigners with a Korean name inscribed on their alien registration card will be able to use their Korean name [...]
SEOUL, May 22 (Korea Bizwire) — Five more foreign nationals have been deported from South Korea after getting caught violating self-isolation rules, the Ministry of Justice said Friday. The violators — two Chinese nationals and one each from Pakistan, Poland and Britain — have been ordered to leave for their home countries after failing to [...]
SEOUL, May 21 (Korea Bizwire) — The Ministry of the Interior and Safety announced Wednesday that it will integrate administrative services for foreigners, previously offered separately, with the gov.kr website. As of 2018, the number of foreign residents in South Korea, including long-term residents and naturalized citizens, has surpassed 2 million people. However, foreigners continue [...]
SEOUL, May 13 (Korea Bizwire) — Foreign investors continued to net sell South Korean stocks in April amid the coronavirus pandemic but boosted their purchase of local bonds, central bank data showed Wednesday. Foreigners net sold US$4.32 billion worth of local shares in the month, according to the data from the Bank of Korea (BOK). [...]
SEOUL, May 11 (Korea Bizwire) — Foreign investors have ramped up their investment in South Korean bonds this year amid the country’s relatively favorable economic conditions, data showed Monday. Offshore investors held 140.9 trillion won (US$115 billion) worth of listed government and corporate bonds as of end-April, up 17 trillion won from the end of [...]