CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

South Korea recruiting 40k Nepali workers through EPS

CEO Tab by CEO Tab
December 23, 2022
in Prime News
0
Korean support worth over Rs 800 million for cyber bureau
75
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

South Korea has expressed its interest to provide jobs to an additional 40,000 Nepali workers in 2023.

You might also like

Nepal Imports Nearly Rs 50 Billion Worth of Fertilizers, Yet Farmers Face Shortages During Planting Season

Nepal Chamber of Commerce Urges Investment-Friendly Monetary Policy

973 Liters of Petrol Stolen from Tanker Parked at Nepal Oil Corporation Depot in Biratnagar

As of now, Korea has permitted 69,000 Nepali workers to work in Korea under the Employment Permit System (EPS). Dandaraj Ghimire, the spokesperson of the Ministry of Labour, Employment and Social Security, said the Korean government has consented to increase the number to 110,000 in the next year under the EPS.

Korea is one of the attractive destinations for Nepali migrant workers. However, the number of Nepali workers is still low in the labor destination country due to strict policies implemented by the South Korean government.

The records with Nepal Rastra Bank show that 1,954 workers took permits for new jobs in South Korea in the first four months of the current fiscal year. During the review period, a total of 195,196 individuals took new permits to go abroad for jobs.   

During 2016 and 2019, Korea took 7,000-8,000 workers every year from Nepal. But the number fell to just 955 workers in 2020, while it plunged further to 389 in 2021, due to the impacts of the COVID 19 pandemic.

In 2022, the country agreed to take more than 9,000 workers from Nepal. According to Ghimire, the Korean government has targeted to employ 72 percent of these workers in the manufacturing business, while the remaining 30 percent will be sent for agriculture and animal husbandry. The workers selected for the manufacturing sector will be assigned work from 2023.

Nepal and Korea signed a memorandum of understanding for EPS for the first time on July 23, 2007. With an agreement to the effect, Korea has been hiring the required manpower via EPS.

Recently, the Korean government has revised the rule of the minimum wage to be effective from the beginning of 2023. In the new rule, the minimum wage rate will be around 9,620 Korean won per hour, five percent higher than the existing wage rate.

South Korea has been allowing workers from 16 countries including Nepal under the EPS program. Citing the honesty and hardworking nature, Korean authority appears to be more lenient to the Nepali workers compared to those from other countries, according to Ghimire.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Nepal Imports Nearly Rs 50 Billion Worth of Fertilizers, Yet Farmers Face Shortages During Planting Season

by CEO Tab
June 25, 2026
0
Nepal Imports Nearly Rs 50 Billion Worth of Fertilizers, Yet Farmers Face Shortages During Planting Season

Nepal imported chemical fertilizers worth nearly Rs 49.83 billion during the first 11 months of the current fiscal year, but thousands of farmers across the country continue to...

Read more

Nepal Chamber of Commerce Urges Investment-Friendly Monetary Policy

by CEO Tab
June 25, 2026
0
Nepal Chamber of Commerce Urges Investment-Friendly Monetary Policy

The Nepal Chamber of Commerce (NCC) has submitted a series of recommendations to Nepal Rastra Bank (NRB), urging the central bank to formulate an investment-friendly, production-oriented, and private...

Read more

973 Liters of Petrol Stolen from Tanker Parked at Nepal Oil Corporation Depot in Biratnagar

by CEO Tab
June 25, 2026
0
973 Liters of Petrol Stolen from Tanker Parked at Nepal Oil Corporation Depot in Biratnagar

A total of 973 liters of petrol was stolen from a fuel tanker parked at the premises of the Nepal Oil Corporation (NOC) Koshi Provincial Office in Biratnagar....

Read more

Nepal Imports Over 10,800 Electric Vehicles Worth Rs 25.55 Billion in 11 Months

by CEO Tab
June 25, 2026
0
Nepal Imports Over 10,800 Electric Vehicles Worth Rs 25.55 Billion in 11 Months

Nepal imported 10,845 electric vehicles (EVs) worth Rs 25.55 billion during the first 11 months of the current fiscal year, reflecting the country's growing shift toward electric mobility....

Read more

Proposed Company Law Amendment May Force Large FDI Firms to Go Public

by CEO Tab
June 24, 2026
0
Proposed Company Law Amendment May Force Large FDI Firms to Go Public

The government has proposed major changes to Nepal’s corporate sector by making it mandatory for foreign direct investment (FDI)-based companies with investments of Rs 500 million or more...

Read more
Next Post
Samriddhi Foundation holds dialogue on economic state

Samriddhi Foundation holds dialogue on economic state

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.