IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.56▼ 0.37% USD/MXN18.69▲ 0.32% USD/CLP983.51▼ 0.07% USD/COP3,293▲ 0.58% USD/PEN3.40▼ 0.16% USD/ARS1,548▲ 0.15% USD/UYU40.43▲ 3.48% USD/PYG6,196▲ 2.20% USD/BOB11.68▲ 1.36% USD/DOP60.81▲ 0.68% USD/CRC445.62▲ 1.58% USD/GTQ7.64▲ 3.18% USD/HNL26.89▲ 0.13% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.46% USD/TTD6.72▲ 2.30% EUR/BRL6.18▼ 0.01% BRENT 93.01 ▲ 1.66% WTI 87.43 ▲ 1.62% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.05% GOLD 4,046 ▲ 0.39% SILVER 52.73 ▲ 3.18% SOY 1,225 ▲ 0.02% CORN 447.25 ▼ 0.39% WHEAT 594.00 ▲ 0.21% COFFEE 264.35 ▼ 2.60% SUGAR 18.21 ▲ 0.66% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.59 ▲ 4.96% COCOA 4,948 ▲ 4.34% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 43.98 ▼ 2.16% VALE3 65.17 ▲ 0.57% ITUB4 41.60 ▲ 0.97% BBDC4 14.77 ▲ 1.58% ABEV3 15.84 ▲ 0.32% BBAS3 17.29 ▲ 1.11% B3SA3 14.73 ▲ 1.73% WEGE3 51.19 ▲ 0.47% PRIO3 61.14 ▲ 1.87% SUZB3 54.19 ▼ 0.50% RENT3 30.28 ▲ 1.64% AZZA3 15.02 ▲ 1.97% CSAN3 2.79 ▲ 4.10% RAIZ4 0.30 ▼ 98.77% PCAR3 2.58 ▲ 0.78% GMAT3 3.92 ▲ 2.89% PSSA3 46.26 ▼ 0.88% CVCB3 0.87 ▲ 1.16% POSI3 3.21 ▲ 1.90% SLCE3 17.26 ▲ 0.99% NATU3 5.62 ▲ 1.26% BRKM5 2.97 ▲ 1.71% RANI3 8.48 ▲ 0.36% CSNA3 4.44 ▲ 1.37% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.56 ▼ 0.37% USD/MXN 18.67 ▲ 0.22% USD/CLP 982.30 ▼ 0.20% USD/COP 3,285 ▲ 0.34% USD/PEN 3.41 ▲ 0.02% USD/ARS 1,551 ▲ 0.34% USD/UYU 40.43 ▲ 3.48% USD/PYG 6,196 ▲ 2.20% USD/BOB 11.68 ▲ 1.36% USD/DOP 60.81 ▲ 0.68% USD/CRC 445.62 ▲ 1.58% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.89 ▲ 0.13% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.46% USD/TTD 6.72 ▲ 2.30% EUR/BRL 6.18 ▲ 0.13% BRENT 93.01 ▲ 1.66% WTI 87.43 ▲ 1.62% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.05% GOLD 4,046 ▲ 0.39% SILVER 52.73 ▲ 3.18% SOY 1,225 ▲ 0.02% CORN 447.25 ▼ 0.39% WHEAT 594.00 ▲ 0.21% COFFEE 264.35 ▼ 2.60% SUGAR 18.21 ▲ 0.66% ORANGE JUICE 146.15 ▲ 5.64% COTTON 82.59 ▲ 4.96% COCOA 4,948 ▲ 4.34% BEEF 219.15 ▲ 1.36% CATTLE 330.48 ▲ 0.65% LITHIUM 59.98 ▼ 2.23% PETR4 43.98 ▼ 2.16% VALE3 65.17 ▲ 0.57% ITUB4 41.60 ▲ 0.97% BBDC4 14.77 ▲ 1.58% ABEV3 15.84 ▲ 0.32% BBAS3 17.29 ▲ 1.11% B3SA3 14.73 ▲ 1.73% WEGE3 51.19 ▲ 0.47% PRIO3 61.14 ▲ 1.87% SUZB3 54.19 ▼ 0.50% RENT3 30.28 ▲ 1.64% AZZA3 15.02 ▲ 1.97% CSAN3 2.79 ▲ 4.10% RAIZ4 0.30 ▼ 98.77% PCAR3 2.58 ▲ 0.78% GMAT3 3.92 ▲ 2.89% PSSA3 46.26 ▼ 0.88% CVCB3 0.87 ▲ 1.16% POSI3 3.21 ▲ 1.90% SLCE3 17.26 ▲ 0.99% NATU3 5.62 ▲ 1.26% BRKM5 2.97 ▲ 1.71% RANI3 8.48 ▲ 0.36% CSNA3 4.44 ▲ 1.37%
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Wednesday, November 11, 2026

South Korea, Japan, and Taiwan Compete for Foreign Workers

By · · 2 min read

South Korea has taken significant steps to attract foreign workers across various sectors. The country now offers higher wages for low-skilled foreign workers compared to Japan and Taiwan.

This move aims to address labor shortages and boost economic growth. The government has expanded its employment permit system for low-skilled foreign workers.

The annual limit has increased from 50,000 in 2021 to 165,000 in 2024. This program now includes workers in restaurants, hospitality, and aquaculture industries.

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South Korea plans to welcome forest workers starting in October. This initiative will help alleviate labor shortages in rural and mountainous areas. The country aims to accept up to 1,000 forest workers annually.

In addition, a new training center for the shipbuilding industry opened in Indonesia in August. Trainees receive instruction in welding, safety, and Korean language skills.

South Korea, Japan, and Taiwan Compete for Foreign Workers
South Korea, Japan, and Taiwan Compete for Foreign Workers.
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This prepares them to work for South Korean shipbuilders immediately upon arrival. The shipbuilding industry faces a worker shortage as many move to the semiconductor and automotive sectors.

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Estimates suggest a deficit of 14,000 workers in shipyards in 2023. The government has relaxed visa restrictions to allow more shipbuilding-related workers. Seoul has introduced a program to bring in Filipino domestic workers as “cleaning managers.”

South Korea’s Growing Foreign Workforce

This initiative aims to help single-parent and dual-income families with household tasks. The program may expand to include workers from other countries in the future.

South Korea’s population grew for the first time in three years, reaching 51.77 million in 2023. This increase is largely due to a 10.4% rise in foreign residents, totaling 1.93 million.

However, the influx of foreign workers has created some challenges. A fire at a battery factory in Hwaseong resulted in the deaths of foreign workers.

Police attributed the fatalities to inadequate evacuation instructions and safety measures. The percentage of undocumented foreign residents in South Korea has increased since 2014.

In addition, the country’s unemployment rate remains high, particularly among younger workers. This situation persists despite labor shortages in certain sectors.

Prime Minister Han Duck-soo emphasized the need to balance job opportunities for Korean citizens with employing hardworking foreign workers. The government predicts that foreigners will make up 5.7% of South Korea’s population by 2042.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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