The South Korean government will introduce an E-7-S visa for high-tech industry employees and high-income earners that will take effect in January.
Easing visa requirements in the high-tech sector is part of governmental efforts to address a labor shortage.
The Ministry of Justice also plans to expand the scope of visa issuances, excluding the areas of simple labor and general office jobs.
Visas for foreign professionals have currently been issued for only 93 job types.
The government launched a drive to overhaul the visa system to better cope with newly-established industries and jobs.
The ministry increased the minimum wage requirements for issuance of the new high-tech visa to over the per-capita gross national income (GNI) of the previous year to avoid abuse by low-wage foreigners.
The government would also increase the number of annual skilled worker visas (E-7-4) to be issued from 2,000 this year to 5,000 next year.


Nasdaq Drops as AI Earnings, Oil Surge and Middle East Tensions Weigh on Wall Street
US Dollar Posts Best Weekly Gain in Over a Month as Middle East Tensions Boost Safe-Haven Demand
OpenAI AI Agent Reportedly Breached Hugging Face, Raising AI Safety Concerns
Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call
Trump Says No Decision on Major Iran Strikes as U.S.-Tehran Talks Intensify
Uber Stock Falls as Waymo Plans to End Robotaxi Partnership by 2028
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch
US Dollar Pauses Rally as Middle East Tensions Support Safe-Haven Demand
Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge
Paramount-Warner Bros. Merger Delayed Until 2027 Amid Antitrust Lawsuit
Japan’s Nikkei Slides Over 2% as Alphabet Selloff Sparks AI Spending Concerns
US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand
SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth
Rubio Rejects AI ‘Kill Switch’ Claims as U.S. Defends American Technology Abroad 



