The Minute to Read (Weekdays) series provides a quick overview of significant events in Korea everyday, conveniently condensed into a one-minute read. Here’s a recap of what happened yesterday: Nov. 20.
South Korea’s immigration surges 50.9%, second highest among OECD nations
South Korea saw a 50.9% surge in immigration in 2023, the second-highest increase among OECD nations, driven by policy changes to address labor shortages and the nation’s growing global appeal. The country welcomed 87,100 immigrants, up from 57,800 the previous year, with significant growth in work-related visas and international students. Expanded visa quotas, eased restrictions for seasonal workers, and South Korea’s safety, advanced infrastructure, and affordability were key factors. Experts also highlighted the influence of the Korean Wave (Hallyu) in attracting migrants, with foreign residents praising the country’s healthcare, public transportation, and hospitality.
LG eyes India’s growing middle class with new manufacturing facility
LG Electronics plans to build its third manufacturing facility in India, marking its first factory expansion in the country since 2006, to meet rising demand in India’s booming home appliance market. With low penetration rates for appliances like refrigerators and air conditioners, India’s growing middle class and shifting demographics present significant opportunities for growth. LG’s Indian operations, which also serve as export hubs for the Middle East and Africa, have seen consistent revenue increases, with projections to surpass $2.87 billion this year. Other South Korean firms, including Hyundai Motor and CJ Logistics, are similarly scaling up investments in India, leveraging its vast domestic market and strategic position in global supply chains.
Why NewJeans’ Hanni lacks legal protections against workplace harassment
Hanni, a member of the K-pop group NewJeans, is not legally classified as an employee under South Korea’s Labor Standards Act, rendering her ineligible for workplace harassment protections, the government announced on Nov. 20. The Ministry of Labor determined that Hanni’s contract with HYBE is a civil agreement rather than an employment relationship, citing factors such as profit-sharing income, flexible working conditions, and shared expenses. This decision followed a complaint filed by fans alleging workplace harassment after Hanni publicly claimed during a livestream that a HYBE manager instructed others to ignore her greetings. The case has since escalated to a National Assembly audit, with NewJeans demanding an apology and threatening to terminate their contracts if their grievances, including the reinstatement of former ADOR CEO Min Hee-jin, are not addressed.
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