Measures to attract foreign talent
The Ministry of Commerce, Industry and Energy said yesterday it had extended income tax exemptions for foreign workers for another three years to 2006. The ministry also plans to establish an “international cooperation center for industrial technology” under the Korea Industrial Technology Foundation to provide general support to skilled foreign workers. Meanwhile, the government has expanded its foreign workers “Gold Card System” to include biotechnology, nano-technology and digital technology to attract more overseas talent to Korea’s information technology sector. The system, which was first introduced in November 2000, provides benefits to skilled foreign workers, such as long-term transferable visas and a social safety net.
with the Korea JoongAng Daily
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