Foreign workers in S.Korea surpasses 1 million
Korean-Chinese and Vietnamese make up 50% of the workforce, with the largest share of workers in mining and manufacturing
By Dec 17, 2024 (Gmt+09:00)
LG Chem to sell water filter business to Glenwood PE for $692 million


Kyobo Life poised to buy Japan’s SBI Group-owned savings bank


KT&G eyes overseas M&A after rejecting activist fund's offer


StockX in merger talks with Naver’s online reseller Kream


Mirae Asset to be named Korea Post’s core real estate fund operator



The number of foreign workers in South Korea has broken past the 1 million mark.
According to Statistics Korea on Tuesday, as of May, there were 1.56 million foreign nationals aged 15 and older living in the country, an increase of 130,000, or 9.1%, from last year.
Of these, 1.01 million were employed, up 87,000 from last year. This is the first year the number of foreigners employed exceeded 1 million.
By nationality, Korean-Chinese had the largest number of employed workers at 341,000, followed by Vietnamese at 123,000.
By industry, mining and manufacturing employed the most people (461,000). Retail, accommodation, food services (191,000), and business, personal, and public services (144,000) also exceeded 100,000.
The average monthly wage level of foreign workers was 489,000 in the 2 million to 3 million won range, followed by 354,000 in the 3 million won and above range.
Write to Kwang-Sik Lee at bumeran@hankyung.com
-
EconomyVietnamese lead influx of foreign workers with Korean dream
Aug 19, 2024 (Gmt+09:00)
4 Min read -
ConstructionKorea gives the nod for foreign workers at plant construction sites
Feb 14, 2024 (Gmt+09:00)
3 Min read -
Culture & TrendsS.Korea needs 35,000 additional foreign workers: study
Jan 08, 2024 (Gmt+09:00)
1 Min read