The Korea Exchange announced that it will commence trading of KOSDAQ Global Index futures on April 22. The KOSDAQ Global Index consists of companies selected for the “KOSDAQ Global Segment” based on certain criteria among KOSDAQ-listed stocks.The launch of KOSDAQ Global Index futures was initiated t
Seoul is considering establishing an international school in the international financial center of Yeouido in Seoul. The idea is to create a comfortable environment for foreigners to live in Seoul in order to attract more overseas investment.The Seoul Metropolitan Government will launch a service to
In 2023, about 20 percent of the 1.43 million resident foreigners in Korea obtained Korean language proficiency test ratings. The biggest share was taken by international students studying in Korea among them. The largest number of them earned a Level 4 rating.According to the results of the 2023 Im
Amid the surge in the Korean won against the U.S. dollar, reaching close to 1,400 won, dividends from listed companies, often heavily held by foreign investors, are continuing to flow. During this period, foreign investors are set to receive dividends totaling over 6 trillion won. If foreign investo
A forecast suggests that the proportion of foreigners in the domestic population will reach 5.7%, based on median estimates, in 20 years. With a rapid decline anticipated in the native population, it is projected that one out of every ten working-age individuals will be a foreigner.On April 11, Stat
With the recent expanding trend of Banking as a Service (BaaS), which allows consumers to experience banking services through fintech platforms, Shinhan Bank has partnered with the fintech company E9pay, specializing in small-scale overseas remittances.Shinhan Bank announced on April 17 that it has
South Korea’s current account surplus has been in the black for 10 consecutive months as the South Korean semiconductor industry has recovered. The main positive factor is that the nation’s current account surplus is expected to continue as demand for semiconductors will grow this year.According to
K-Beauty’s diversification of export products and destinations has been evident. The continued success of products like color cosmetics since last year, and a decreasing dependence on China in favor of exports to a variety of other countries, has been a notable trend.According to the Korea Customs S
The number of properties purchased by foreigners exceeded 15,000 in Korea in 2023, marking a new high of foreigner real estate buyers on record.According to the latest data on buyers applying for registrations of ownership transfer after purchases and sale on the court registration information plaza
The number of subscribers to employment insurance increased compared to the same period last year, but the growth was primarily driven by an increase in foreign nationals. As a result of population decline, subscribers in their 20s and 40s have been decreasing for 17 and 4 consecutive months, respec
As the global political environment is expected to change due to elections in major countries, Korean industries discussed trade issues such as global policy responses with the Korean government. Companies submitted recommendations to the Korean government on trade issues, including difficulties in
The number of employment insurance holders rebounded for the first time in seven months in January. However, one third or more of the increase was among foreign workers.The figure also shrank in the manufacturing industry with the exclusion of foreigners. It had been on the wane for four months sinc
Following the announcement of the government’s introduction of a program to enhance corporate value, stocks with a low price-to-book ratio (PBR) showed strength. Over the past two weeks, foreign investors’ net purchases on the KOSPI surpassed 5 trillion won. While low PBR stocks surged due to foreig
Expectations of an increase in the corporate value of domestic listed companies are attracting foreign capital to the South Korean stock market. Particularly, there is a concentrated buying interest in automotive stocks, including Hyundai Motor, and growth stocks in industries such as artificial int
Hana Securities announced on Feb. 1 that it is establishing a foreign investment solution team to expand its customer base to non-resident foreigners.Last year, the foreign investor registration system, which had been criticized as one of the obstacles for foreign investors in domestic investments,
Starting from April of this year, foreigners and overseas Koreans must reside in the country for at least six months to be eligible for health insurance as dependent beneficiaries.According to the National Health Insurance Service on Jan. 24, a revision to the Health Insurance Act will take effect f
The won-dollar exchange rate has been on the rise, leading to an influx of foreign selling. The KOSPI index experienced volatility as foreign investors unloaded their holdings, causing it to fall below the 2440 level from the previous day.On the morning of Jan. 18, the KOSPI is indicating a modest r
Samsung Electronics’ first artificial intelligence (AI) smartphone, the Galaxy S24 series, is set to be unveiled on Jan. 18.According to industry sources on Jan. 14, Samsung Electronics will reveal the Galaxy S24 series at its first half of the year product launch event, Galaxy Unpacked 2024, schedu
Foreign tourists spent 5.64 million won (US$4,297) and 1.43 million won on duty-free goods per capita in November 2022 and November 2023, respectively. The amount plunged by more than 70%.The number of foreigners who visited domestic duty-free shops in November more than doubled to 646,000 from the
The Korean government will increase an influx of foreign workers to industrial sites and rural areas suffering from labor shortages in 2024 to more than 260,000 from 170,000 in 2023 in response to the Korea’s population crisis and labor shortage, according to the Korean Government’s Economic Policy