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President Yoon Suk Yeol ordered South Korean government ministries to explore ways to help South Korean families hire foreign students and marriage migrants as domestic helpers, doubling down on a troubled program designed to address the country s low fertility rate. Conservatives such as Yoon and Seoul Mayor Oh Se-hoon have proposed hiring foreign nannies at below minimum wage for some time, but faced difficulties i. ....
A report by South Korea's central bank which called for bringing in foreign national care workers to fill a looming workforce shortage amid the country's rapid aging has sparked controversy here over its suggestion to hire them for below the minimum wage. In the report released last week, the Bank of Korea assessed that Korean national residents spent 3.7 million won ($2,775) per month as of last year hirin. ....
It s been nearly 10 years since Jean Valjean Bank, a nonprofit foundation, started lending financial help to those who can t afford to pay state-imposed fines or penalties in the country. ....
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