South Korea will boost its annual quota of visas for skilled workers to more than 30,000 this year from 2,000 a year ago, to help companies battling a staff crunch, the justice minister said on Wednesday.
With younger South Koreans reluctant to take up blue-collar jobs, the industrial and farming sectors of Asia's fourth-largest economy are struggling to fill vacancies.
"As we are expanding the number by 30-fold at once ... there will be no talk of foreigners unable to come due to insufficient quota," the presidential office quoted Justice Minister Han Dong-hoon as telling a government meeting.
The comparison was to the figure of about 1,000 in 2020, the minister added.
South Korea, which initially planned a cap of 5,000 for such E-7-4 visas this year, will also relax application criteria and let companies hire more foreigners, the ministry said, in response to industry requests.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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