Yong-Hee Kwak

Dec 3, 2024 | kedglobal.com | Yong-Hee Kwak |Yeong-Hyo Jeong

The South Korean government plans to revamp its employment authorization system to allow foreign workers to stay in the country longer. Foreign workers on E-9 visas can stay in South Korea for 10 years or more without leaving, and foreign students can convert to E-9 workers and stay longer.

Aug 18, 2024 | kedglobal.com | Yeong-Hyo Jeong |Yong-Hee Kwak

On Aug. 31, 2004, 92 Filipinos, wearing a T-shirt and a white cap, entered Incheon International Airport – determined to make money in South Korea and return home with a fortune. Those Philippine workers with the Korean dream were the first batch of foreigners allowed to set foot on Korean soil, a relatively better-off country, under Korea’s foreigner employment permit system introduced a couple of weeks earlier.

Jul 12, 2024 | newsdirectory3.com | Yong-Hee Kwak

South Korea’s Minimal Wage Fee meets on July 11, 2024 (Courtesy of Yonhap)South Korea has set subsequent 12 months’s minimal hourly wage at 10,030 received ($7.3) – a 1.7% enhance from this 12 months’s 9,860 received, the second-slowest tempo of progress because the 1.5% enhance in 2021. Nevertheless, small enterprise operators and mom-and-pop store house owners complained that the rise would make it tougher for them to make ends meet amid weak financial circumstances.

Jul 12, 2024 | kedglobal.com | Yong-Hee Kwak

South Korea has set next year’s hourly minimum wages at 10,030 won ($7.3) – a 1.7% increase from this year’s 9,860 won, the second-slowest growth pace since the 1.5% rise in 2021. However, small business operators and mom-and-pop store owners complained the increase would make it harder for them to make both ends meet amid weak economic conditions.

Jun 13, 2024 | newsdirectory3.com | Jin-Gained Kim |Hyung-kyu Kim |Yong-Hee Kwak

Hyundai Motor Group headquarters in SeoulSouth Korea’s Hyundai Motor Co. will crew up with the world’s main battery maker, LG Power Resolution Ltd., to launch electrical automobile battery cell change companies for electrical automobile prospects. The 2 firms will create a cooperative council for Battery-as-a-Service (BaaS) with the Korean authorities, the Korea Car & Mobility Affiliation and the Korea Battery Trade Affiliation on June 19, business sources stated Thursday.