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.


China, US Extend Trade Truce Through January 10 After Trump-Xi Summit
Oil Prices Jump Nearly 3% as Iran Holds Firm on Hormuz Conditions
Oil Surge Pressures Global Stocks as U.S.-Iran Truce Hopes Fade
US Appeals Court Upholds Anthropic AI Supply Chain Ban
Nissan Targets US Hybrid Growth With Rogue e-Power Launch
Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power
Asian Currencies Weaken as Dollar, Oil Prices Rise
China Consumer Stocks Near Decade Lows as AI Shares Surge
UK PM Burnham to Unveil Economic Vision at Labour Conference
Nvidia China Chip Sales Report Sends Chinese Semiconductor Stocks Lower
HUTCHMED, AstraZeneca Seek FDA Approval for Lung Cancer Combo
RedotPay Completes Audits as Stablecoin Firm Advances U.S. IPO Plans
OpenAI Investigates Rogue AI Agents After Data Leaks and Security Incidents
Citigroup Expands Coinbase Partnership for Stablecoin Payments
Vitalik Buterin Says Hegota Could Be Ethereum’s Last Conventional Fork
Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise
Morgan Stanley Raises TD Synnex Price Target to $359 on Strong AI Demand 



