BALI/SEOUL, July 17 (Korea Bizwire) — South Korea will push to exempt taxes on interest income and capital gains from foreigners’ investment in government bonds and monetary stabilization bonds in a bid to help stabilize the debt market, the finance minister has said. Finance Minister Choo Kyung-ho made the remarks on the details of the [...]
SEOUL, June 29 (Korea Bizwire) — The Seoul Metropolitan Government, along with the King Sejong Institute Foundation, announced that it will provide a free online Korean language education platform, the Seoul City Online King Sejong Institute, for foreigners for six months starting on July 1. The King Sejong Institute Foundation is a public subsidiary of [...]
SEOUL, June 28 (Korea Bizwire) — The university district of Shinchon and Seogyo-dong in western Seoul are rising as the new rendezvous point for foreigners living in the capital city, data showed Monday. Seoul’s city government, along with the Migration Research & Training Centre, studied foreigners who have lived in Seoul for more than 90 [...]
SEOUL, June 23 (Korea Bizwire) — The number of foreigners staying in South Korea bounced back above the 2 million mark last month for the first time in 15 months, immigration data showed Thursday. According to the data by the justice ministry’s immigration policy bureau, 2,012,862 foreigners were staying in the country as of May, [...]
SEOUL, June 23 (Korea Bizwire) — The country’s land ministry, the justice ministry and other agencies on Thursday said they will launch an investigation into foreigners’ speculative real estate investments. The authorities also plan to designate regions where real estate transactions by foreigners will be restricted and compile statistics on foreign ownership of properties here [...]
SEOUL, June 9 (Korea Bizwire) — Foreigners withdrew more money than they injected into South Korea’s stock markets for the fourth straight month in May amid worries over economic slowdowns in major countries and the fallout from the ongoing war in Ukraine, central bank data showed Thursday. Net foreign money outflows from the main bourse, [...]
SEOUL, June 1 (Korea Bizwire) — The Ministry of Justice is planning to replace detention facilities used to incarcerate foreigners prior to deportation with alternative institutions that ensure the right of movement and freedom for foreigners. The ministry announced that it is seeking research projects for the establishment of ‘alternative forms of detention facilities for [...]
SEOUL, May 26 (Korea Bizwire) — The number of big foreign investors in South Korean stocks has tumbled nearly 30 percent over the past six years, a corporate tracker said Thursday, in a sign the local bourse is increasingly losing its appeal amid a lack of transparent corporate governance. A total of 164 offshore investors [...]
SEOUL, April 27 (Korea Bizwire) — About a half of foreigners have the intention to travel to South Korea within the next three years, a survey showed Tuesday. The Korea Tourism Organization conducted a survey twice last year of about 30,000 foreigners over 15 years of age residing in 21 countries. Among them, 19.4 percent [...]
SEOUL, April 18 (Korea Bizwire) — Among the foreigners registered in South Korea, the share of those who subscribe to insurance policies has been on an upward trend and such foreigners showed a high preference for health insurance primarily due to concerns about illness, a report showed Sunday. The number of foreigners registered in South [...]