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5.3

South Korea foreign worker count hits record high under EPS

The number of foreign workers under South Korea's Employment Permit System reached a record high, reflecting sustained labor demand amid demographic pressures. The increase may ease labor shortages in manufacturing and services, supporting growth but adding to wage and housing pressures. The trend is likely to continue as the government expands quotas.

Yonhap ENabout 1 hour agoKRengCredibility 31%View source

Score Breakdown

Mosaic Score5.3
Confidence0.9
Significance0.5
Source credibility0.3

Intelligence Tags

Locations

Seoul

Entities

country
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