South Korea plans to seek fast entry of 42,000 foreign workers, whose immigration process has been delayed during the period between 2020 and the first half of 2022. The government also aims to expand the quota for businesses to hire foreign workforces to resolve overall manpower shortages in the industrial sector. The Finance Ministry also said that immigration checks for 20,000 expatriates, who are destined to visit Korea on work visas in the second half of 2022, will be streamlined. Deputy Prime Minister and Finance Minister Choo Kyung-ho said that despite businesses’ commitment to hiring more, the number of vacant jobs came to 234,000 as of June, which marked the highest in more than four years since February 2018. He further said the government will also dispose of some state-owned assets that remain idle.
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