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Korea to welcome foreign workers in large numbers from next year: Check your eligibility and selected professions

03:28 PM | 27 Nov, 2023
Korea to welcome foreign workers in large numbers from next year: Check your eligibility and selected professions

SEOUL - South Korea is planning to expand its visa quota for non-professional foreign workers to plug the gaps in labor shortage.

The declining birth rate and an aging population have prompted the authorities to announce a significant increase in the E-9 visa quota.

As per the announcement, the quota would be enhanced by 37.5% to 165,000 next year, the highest since the inception of allowing local small and medium-sized enterprises to employ non-professional foreigners in 2004.

As far as the breakdown is concerned, the allocation includes 95,000 slots for manufacturing, 5,000 for shipbuilding, 16,000 for agriculture, 10,000 for fisheries, 6,000 for construction, and 13,000 for the service industry.

Revealing the details, Minister of the Office for Government Policy Coordination Bang Ki-sun said the increase in quota was crucial to filling job vacancies that locals avoid.

Related ministries such as the Ministry of Employment and Labor need to seek measures to introduce foreign workers in a timely manner as industries with labor shortage are asking to allow more, said the minister as quoted by Kedglobal.

There has been a steady increase in quota over the years. The quota was increased from 52,000 in 2021 to 120,000 for the current year.

Besides, the authorities in South Korea are exploring options to include six more countries, like India, in the pool of eligible migrant workers origins.

As far as the sectors that foreign workers can explore are concerned, it bears mentioning that the government is poised to permit the E-9 visa holders to work at Korean restaurants as assistants for washing dishes or preparing food ingredients as early as April 2024 in 100 regions including Seoul and Jeju.

Eligibility

As per the instructions, a restaurant with less than five members of staff is allowed to hire only one foreigner with experience of more than seven years. On the other hand, a restaurant with five or more employees is authorized to recruit up to two with experience of more than five years.

The current policy allows South Korean nationals, foreigners with the H-2 visas for ethnic Koreans from 11 countries such as China and the D-2 student visa holders to work at restaurants.

There has been a distinction between hotels and restaurants in the country as the government has yet to include hotels in an eligible sector to hire non-professional foreign workers.

The hotel industry has voiced concerns against permitting hiring foreign workers as the government was all set to allow hotels in Seoul, Jeju and Gangwon State to unskilled foreign workers as cleaners and kitchen assistants.

South Korea is also set to permit the forestry and mining industries to hire foreigners from July next year.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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