The number of foreign permanent residents in Korea has reached approximately 200,000, representing a 34-fold increase since the system's introduction in 2002. The majority of permanent residents are from Asia, with Joseonjok (Korean-Chinese) being the largest group, followed by those from mainland China and Taiwan. To obtain general permanent residency, applicants must demonstrate annual income of approximately 90 million won and proficiency in Korean language and cultural understanding. The standards for issuing permanent residency through real estate investment are gradually being raised. While attracting foreign nationals is important for addressing low birth rates and an aging population, potential job market conflicts must also be considered.
