I read this news article from the Korea Times and it seems that E-9 visa holders might face tougher times next year. The won-dollar exchange rate is at its highest in 5 years,
A Filipino man assembling industrial equipment at a small-sized factory in Ansan, Gyeonggi Province, recently remitted 500,000 won ($500) â€• about one third of his monthly income â€• to his wife living with two children in his hometown, Manila.
But he feels uneasy rather than happy.
“Earlier this year, I sent roughly 700,000 won. But it’s impossible for now since the amount of expenditure needed to maintain basic living here has increased,” he said. “I need at least 700,000 won a month. It has notably increased, compared to what I spent earlier this year.” Currency depreciation has also affected foreign workers heavily as they send money back home in dollars.
and what’s worse is that:
In a Cabinet meeting Saturday, the Ministry of Justice said foreign workers with E-9 and H-2 visas â€• classified as “workers without expertise” â€• would shoulder the charge for board and lodging, which had been imposed on employers, from next year in a move to ease the financial burdens imposed on businessmen.
Read the whole article here.
H-2 visas are for ethnic Koreans from China and Russia. My husband has a Korean-Chinese friend and she’s been complaining about how expensive things are in Korea.
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