SEOUL, Jan. 17 (Korea Bizwire) — A growing number of foreigners staying illegally in South Korea are voluntarily leaving the country after the government offered various incentives, including an opportunity for reentry, to overstayers choosing to voluntary depart, a government agency said Friday. According to the Incheon Immigration Office, the number of illegal stayers leaving [...]
SEOUL, Jan. 10 (Korea Bizwire) — Tada, a South Korean ride-hailing service operator, will launch a ride hailing service for foreign tourists. Tada said Thursday it has carried out an app update to make it easier and more comfortable for more users to use its service. In the latest version of the app, users can [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea said Tuesday that foreigners are also subject to tightened mortgage rules in a move to plug any possible loopholes in its efforts to stabilize home prices. The Financial Supervisory Service (FSS) said the tightened mortgage rules are being applied to both South Koreans and foreigners. Under last [...]
HWACHEON, Jan. 3 (Korea Bizwire) — The 2020 Hwacheon Sancheoneo Ice Festival will be open to foreign visitors on Saturday, one week ahead of its formal opening, county officials said Friday. The world famous festival was originally scheduled to kick off on Saturday on a frozen river in the Gangwon Province county of Hwacheon, about [...]
SEOUL, Dec. 30 (Korea Bizwire) — Foreign investors recently have been scooping up shares of Kakao Corp., the operator of South Korea’s largest messaging app Kakao Talk, on expectations of a rosy earnings outlook, data showed Monday. Foreigners net bought 96.64 billion won (US$83.6 million) worth of Kakao shares in the Dec. 2-27 period, according [...]
SEOUL, Dec. 23 (Korea Bizwire) — The number of foreign cruise tourists visiting South Korea switched to an upturn this year for the first time in three years, mainly on the back of more arrivals from Japan and Taiwan, industry data showed Monday. Some 249,000 foreigners arrived in the country on cruise ships over the [...]
SEJONG, Dec. 22 (Korea Bizwire) — The employment rate among foreigners living in South Korea dropped in May this year, compared with a year ago, despite an increase in their overall population, data showed Sunday. Of 1.32 million foreign residents aged 15 and older, about 914,000 were working as of May this year, which means [...]
SEOUL, Dec. 20 (Korea Bizwire) — While the value of overseas investment increased last year, more foreigners are coming into the country. According to a report from the Hana Institute of Finance, a research unit of Hana Financial Group, overseas direct investment in the first half of this year amounted to US$36.2 billion, up 46.5 [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea announced a package of policy measures, including the expansion of a visa-free stay program, on Thursday to help the country’s flourishing tourism trickle down to smaller regional provinces. The measures were discussed in a government meeting on strategies to promote regional tourism held in the southern city [...]
SEOUL, Dec. 9 (Korea Bizwire) — The Ministry of Interior and Safety said Monday it plans to start providing emergency notices on severe weather conditions and disasters in English and Chinese this month. Under the plan, government ministries will first send the emergency messages to the state-run Korea Tourism Organization (KTO), which will then provide [...]