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.


Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Washington Post Publisher Will Lewis Steps Down After Layoffs
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Instagram Outage Disrupts Thousands of U.S. Users
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 



