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

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

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

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

by CEO Tab
October 15, 2026
0
Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

Nepal Rastra Bank’s report for the first two months of fiscal year 2026/27 shows rising inflation alongside improvements in remittance inflows, foreign trade, the current account and foreign...

Read more

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

by CEO Tab
October 15, 2026
0
NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

The Nepal Stock Exchange (NEPSE) gained 4.67 points on Thursday to close at 2,625.93, extending its rally to six consecutive trading days. Daily turnover rose slightly to Rs...

Read more

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

by CEO Tab
October 15, 2026
0
Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

Banks and financial institutions (BFIs) have increased lending against shares as collateral, with outstanding loans reaching Rs 167.85 billion by mid-September 2026, according to Nepal Rastra Bank (NRB)....

Read more

NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

by CEO Tab
October 15, 2026
0
NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

The Nepal Telecommunications Authority (NTA) has fined 14 internet service providers Rs 50,000 each for violating approved service packages, overcharging customers and failing to inform users about changes...

Read more

NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

by CEO Tab
October 14, 2026
0
NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

The Nepal Stock Exchange (NEPSE) rose by 21.32 points to close at 2,621.26 on Wednesday, while daily turnover declined to Rs 4.13 billion from Rs 4.73 billion on...

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.