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S. Korea Raises Foreign Worker Quota by 10,000 to Ease Labor Shortage

S. Korea Raises Foreign Worker Quota by 10,000 to Ease Labor Shortage

SEOUL, Aug. 31 (Korea Bizwire) — South Korea decided Wednesday to increase the quota of foreign workers with non-professional employment visas for this year by 10,000 to alleviate pandemic-induced labor shortages in shipbuilding and other major industries, officials said. The government committee on foreign workforce policy finalized the plan to issue the E-9 visa to [...]

Gov’t Increases Foreign Worker Quota to Alleviate Labor Shortage

Gov’t Increases Foreign Worker Quota to Alleviate Labor Shortage

SEOUL, Aug. 8 (Korea Bizwire) — The government will increase the quota of foreign workers in five industries to alleviate labor shortages, officials said Monday. The Ministry of Labor and Employment said it will speed up the entry process for immigrant workers, streamline administrative procedures for employers of immigrant workers and strengthen support tailored for [...]

S. Korea’s Steel Exports to U.S. Drop by Bigger Margin than Rivals

S. Korea’s Steel Exports to U.S. Drop by Bigger Margin than Rivals

SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s steel exports to the United States last year, regulated by a quota, fell more than those by key rivals China and Japan that were subject to higher tariffs, analyzed data indicated Tuesday. According to the analysis by the Washington office of the Korea Trade-Investment Promotion Agency (KOTRA), [...]