The number of foreigners employed in the South Korean labor market is nearing 1 million. Four out of 100 people working in the country are noncitizens. For the most part, foreigners employed in the country are working at small companies in poorly remunerated jobs. The increasing number of working foreigners is also having a considerable effect on wages and other labor conditions in the loRead More
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Shinhan Bank has almost finished developing its foreign currency remittance service tailored for migrant workers, the bank said Monday, pledging the service will be available for more currencies later. According to the bank, the service allows migrant workers to send money home in their own currencies. After adding India's rupee in January, the service is also available for the PhRead More
Foreigners staying in South Korea illegally will be temporarily exempted from an entry ban if they voluntarily leave the country, the Ministry of Justice said Sunday.
The ministry will temporarily waive the ban imposed on foreigners with illegal residence status if they voluntarily leave the country between April 1 and Sept. 30, officials said.
The Ministry of Employment and Labor said Wednesday that it will reduce the quota of foreign workers from countries with high numbers of illegal workers here.
Minister Lee Ki-kwon urged the ambassadors of the countries that send foreign workers to Korea under the Employment Permit System to strengthen measures on their overstaying workers.
The ministry plans t
When President Park Geun-hye visited an industrial complex south of Seoul last March, most of the small-business executives there cited the difficulty in securing manpower as their biggest problem.
In a 2015 survey of small and medium enterprises, 60.7 percent of respondents also said they could not find young people willing to work on manufacturing lines.
SEOUL (Reuters) - South Korea has spent decades screening refugees from a hostile neighbour but some enemy agents manage to get through, underlining the challenges Western nations face in dealing with a far larger influx of people escaping the war in Syria.Read More