SEOUL, Jan. 12 (Korea Bizwire) – Foreign investors turned net sellers of South Korean securities for the first time in three months in December amid high U.S. interest rates, central bank data showed Thursday. Their combined investment funds in local securities — stocks and bonds — came to a net outflow of US$2.42 billion last [...]
CHANGWON, Jan. 10 (Korea Bizwire) – Police have arrested individuals responsible for setting up an unregistered pharmacy inside a residential apartment and selling drugs illegally. The Gyeongnam Provincial Police Agency arrested a 20-year-old Thai national for the illegal distribution and sale of drugs online and indicted 12 others including a pharmacist responsible for supplying the drugs. The [...]
SEOUL, Jan. 3 (Korea Bizwire) — Foreign direct investment (FDI) pledges to South Korea hit an all-time high last year, surpassing US$30 billion for the first time, data showed Tuesday. Foreigners pledged to invest $30.45 billion here last year, up 3.2 percent from a year earlier, according to the data by the Ministry of Trade, [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean government is pushing to introduce a new visa for foreign talent as well as to greatly ease visa requirements in the high-tech sector as part of efforts to address a labor shortage. The Ministry of Justice announced that it will introduce a new E-7-S visa for those [...]
SEOUL, Dec. 9 (Korea Bizwire) — Foreign investors remained net buyers of South Korean stocks for the second straight month in November amid expectations the U.S. Federal Reserve will slow the pace of rate increases and China could ease strict coronavirus restrictions, central bank data showed Friday. Foreigners’ stock investment funds logged a net inflow [...]
SEOUL, Dec. 1 (Korea Bizwire) — Foreign ownership of South Korean land rose 1.2 percent in the first half of 2022 from the end of 2021, the land ministry said Thursday. Foreigners owned 260.75 square kilometers — slightly more than four times the size of Manhattan — at the end of June. It represents 0.26 [...]
SEOUL, Nov. 9 (Korea Bizwire) — Foreign investors turned net buyers of South Korean stocks in October despite continued global monetary tightening as they picked up oversold shares, central bank data showed Wednesday. Foreigners’ stock investment funds logged a net inflow of US$2.49 billion in October, swinging from the previous month’s net outflow of $1.65 [...]
SEOUL, Nov. 7 (Korea Bizwire) — A number of foreign nationals in South Korea are suffering from post-traumatic stress disorder (PTSD) after witnessing or hearing about the deadly Itaewon crowd crush. They are currently sharing information through online communities to get help. “There are a lot of foreigners going through PTSD at the moment,” a [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea will continue to look into suspicious real estate transactions by foreigners as a recent investigation found increasing illegalities involving foreigners’ home purchases, the land ministry said Friday. The portion of suspicious home purchases by foreigners rose to 1.21 percent, or 6,772 cases, out of the country’s total [...]
SEOUL, Oct. 27 (Korea Bizwire) — Foreign drug dealers are gaining a presence in South Korea, once referred to as a drug-free country. A research institute at the Korean National Police University reported that drug crimes involving foreigners jumped from 359 cases in 2012 to 2,335 last year. The nationalities of foreign drug dealers have [...]