Government allows foreign companies to hire more non-Korean employees

For small-sized foreign companies, the Korean government has allowed to hire non-Korean employees exceeding 20% of the company's workforce during their first two years of operations in the country. Hitherto, the cap stood at 20%.

Also, the government allowed to issue working visas for instructors specialized in professional areas such as design, programming and beauty products. So far, educational working visas have only been issued to invitees at colleges (an E-1 visa) and to language instructors (E-2).

• Type:

  • Treatment and operation (Operational conditions )

• Industry:

  • Not industry specific

• Sources:

  • President Office (Cheong Wa Dae), President calls for drastic regulatory reforms to push economic recovery, http://english1.president.go.kr/activity/headlines.php?srh%5Btext%5D=President+calls+for+drastic+regulatory+reforms+to+push+economic&srh%5Bview_mode%5D=detail&srh%5Bseq%5D=10623, 11 May 2015
  • The Korea Herald, Korea to ease foreign investment rules, http://www.koreaherald.com/view.php?ud=20150506001276, 06 May 2015