ANNOUNCEMENT 10 Dec 2009In December 2009, the government of Republic of Korea announced a change to the rules for resident foreign nationals.
NUMBER OF INTERVENTIONS
Ministry of Labor. (15 December 2009). SMEs are enabled to employ foreign work force stably. Available at http://www.molab.go.kr/english//topic/employment_policy_view.jsp?&idx=457
On 10 December 2009, the Korean Ministry of Labor implemented new regulations concerning the job transfer of foreign workers.
Under the new rules, Korean companies may continuosly employ foreign nationals for up to 5 years. Previously, foreign workers had to leave the country for at least one month after 3 years before they could be re-employed.
The new regulations also relax the requirements for successful job application of a foreign worker. In order not to lose his work permit, an unemployed foreign worker previously had to find a new position within 2 months. This period has now been extended to 3 months.