S Korea to situation hi-tech internship visas to overseas college students

Ministry of Justice in Gwacheon, south of Seoul (Yonhap)

Ministry of Justice in Gwacheon, south of Seoul (Yonhap)

Seoul, Aug 5 (Korea Bizzwire) , Overseas college students from excellent overseas universities will likely be allowed to work as interns at high-tech corporations and analysis establishments in South Korea underneath a brand new visa program aimed toward bolstering company competitiveness, the Justice Ministry mentioned on Friday. .

The ministry mentioned it might introduce so-called “hi-tech area internship visas” (D-10-3) for college students from excellent universities overseas from Monday.

The D-10-3 visa will likely be issued to those that are presently majoring in hi-tech fields among the many 200 greatest universities on this planet as chosen by the US journal TIME or within the high 500 universities within the QS World College Rankings, or who’ve Has graduated from high-tech fields from high international universities inside three years.

Overseas high-tech expertise with a D-10-3 visa can intern at home listed corporations or government-funded analysis institutes such because the Ministry of Semiconductors, Data Expertise, Expertise Administration, Nanotechnology, Digital Electronics and Biotechnology. Informed.

It mentioned the federal government might additionally prolong the size of keep of overseas high-tech interns to assist them discover employment in South Korea and provides choice to these wishing to vary employment or startup visas.

However the authorities will be certain that the proportion of overseas interns doesn’t exceed 20 p.c of the workforce in home corporations to stop any opposed impact on job openings for South Korean nationals, it mentioned, small and medium-sized enterprises and enterprises. Including corporations won’t be topic to the ratio for 3 years after inception.

“The brand new visa coverage will assist the nation have interaction in wonderful human assets by giving potential overseas expertise a chance to work for home corporations. Overseas interns can even act as a bridge when home corporations enter overseas markets,” mentioned a ministry official.


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