South Korea’s foreign residents reached 1.4 million for the first time, with E-9 visas and international students increasing due to COVID-19. The number of immigrants is expected to reach 1.5 million, including naturalized immigrants.

Korean-Chinese immigrants accounted for 33.0% of the total, with mining and manufacturing being the most common industries. The majority earned an average wage of 2 million to 3 million won per month, with one in three earning more than 3 million won.

Foreigners in Korea spend 39.4% of their earnings on living expenses, with 23.2% sending income abroad. Young adults account for 29.1% of foreign residents. The working-age population is expected to decrease from 71.1% in 2022 to 45.8% in 2072.

The number of non-professional workers and international students in Korea increased by 60,000 and 25,000, respectively, while visitor workers and marriage migrants decreased. Over 1.43 million foreign nationals were employed, with overseas Koreans being the largest. The employment rate for foreigners fell by 0.3 percentage points, but international students remained the most popular.