SEOUL, April 26 (Korea Bizwire) — Seoul Metro, the operator of the subway service in Seoul, said Wednesday it will launch a mobile application this week that will help foreigners navigate the cobweb of the metropolitan city’s subway lines. The application for foreigners, named Seoul Subway, will enter into service on Thursday, providing information on [...]
SEOUL, April 25 (Korea Bizwire) — The number of foreigners coming to South Korea for medical treatment is rapidly returning to pre-pandemic levels, data showed Monday. There were 248,000 non-resident foreign individuals who received medical treatment in South Korea last year, indicating a 70.1 percent increase from 2021 and 50 percent of the level reported [...]
SEOUL, April 10 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in March amid the collapses of Silicon Valley Bank in the United States and the global bank Credit Suisse, central bank data showed Monday. Offshore investors sold a net US$1.73 billion worth of local stocks last month, a turnaround from [...]
SEOUL, March 30 (Korea Bizwire) — Foreign investors have been rushing to buy South Korean bonds on expectations of global monetary easing since the recent collapse of Silicon Valley Bank (SVB) in the United States, industry sources said Thursday. Foreigners bought a net 11.09 trillion won (US$8.5 billion) worth of South Korean bonds between March [...]
SEOUL, March 29 (Korea Bizwire) — Foreigners under the age of 19 can visit major royal palaces and tombs without paying admission fees starting next month, the cultural heritage authority said Wednesday. The Cultural Heritage Administration (CHA) said it has recently revised its rules on visits to royal palaces and tombs to include free admission [...]
SEOUL, March 29 (Korea Bizwire) — The Ministry of Justice announced on Tuesday that it will change the design of registration cards issued to long stay foreigners as part of efforts to make it easier for them to identify themselves. The photos on foreign registration cards will be changed from black and white to color, [...]
SEOUL, March 21 (Korea Bizwire) — The Ministry of Justice plans to expand job opportunities for single-parent foreigners who are raising extramarital children with Korean citizenship. The National Human Rights Commission of Korea (NHRCK) announced on Monday that the justice ministry partially accepted the recommendation it presented to improve the status of sojourn for the [...]
SEOUL, March 1 (Korea Bizwire) — The Ministry of Health and Welfare has indicated significant changes to the country’s health insurance payment standards in a bid to improve financial stability and prevent fraud. The measures were revealed during the 3rd Health Insurance Policy Deliberation Committee on Tuesday, with the vice minister stating that the aim [...]
SEOUL, Feb. 9 (Korea Bizwire) — Foreign investors’ net selling of South Korean securities slowed sharply in January as they increased holdings of stocks amid expectations the U.S. Federal Reserve would slow monetary tightening and China’s economy would recover, central bank data showed Thursday. The value of their combined investment in local securities — stocks [...]
SEOUL, Jan. 18 (Korea Bizwire) — The number of foreign workers filing taxes in South Korea for 2021 income fell 7.3 percent from a year earlier, data showed Wednesday, amid the restricted travel following the COVID-19 pandemic. A total of 505,000 foreign workers filed a year-end tax settlement for their 2021 income, down from 545,000 [...]