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Average Foreign Worker Earns More than Local University Graduates

Average Foreign Worker Earns More than Local University Graduates

SEOUL, Sept. 19 (Korea Bizwire) — The average wage of foreign workers employed at industrial sites in Busan exceeded the average first-time employment wage of college graduates in South Korea. The monthly wage per foreign worker came to 2.46 million won (US$2,060), according to a survey of 150 local manufacturers that employed foreign workers by [...]

Foreigners Comprise Half of All Workforce at Construction Sites

Foreigners Comprise Half of All Workforce at Construction Sites

SEOUL, Sept. 3 (Korea Bizwire) — More than half of all construction workers in South Korea are foreigners. While Koreans comprise most of the workforce in major phases of construction, tasks that involve using physical labor are mostly completed by foreign workers. The Construction and Economy Research Institute of Korea (CERIK) reported that there were [...]

S. Korea to Restrict Foreigners’ Visa Extensions for Defaulting on Health Insurance Fees

S. Korea to Restrict Foreigners’ Visa Extensions for Defaulting on Health Insurance Fees

SEOUL, Jul. 16 (Korea Bizwire) — South Korea will restrict visa extensions for foreigners and Korean nationals residing overseas, starting next month, in case they default on state health insurance fees, government officials said Tuesday. The measure comes as a new rule went into force the same day that requires all foreigners staying in the [...]

Foreigners Defaulting on State Health Insurance Fees Required to Cover full Medical Cost

Foreigners Defaulting on State Health Insurance Fees Required to Cover full Medical Cost

SEOUL, Jul. 9 (Korea Bizwire) — Foreign residents in South Korea who default on state health insurance fees will be required to personally pay for all medical costs, the health ministry said Tuesday. Under changes made to the National Health Insurance Act that will go into effect on July 16, foreign nationals who reside in [...]

Foreigners Residing Over 6 months Must Subscribe to State Health Insurance from July

Foreigners Residing Over 6 months Must Subscribe to State Health Insurance from July

SEOUL, Jun. 13 (Korea Bizwire) — All foreigners who stay in South Korea for six months or longer will be required to sign up for the country’s health insurance program to prevent them from receiving medical treatment and leaving without paying insurance fees, the operator of the state medical insurance scheme said Thursday. Under the [...]