S. Korea to allow permanent residency for foreign investors
South Korea is set to ease its immigration law on foreigners, moving to allow permanent residency for foreign investors and foreigners holding substantial property in the country starting next year, the country's Justice Ministry said Wednesday.
The UN refugee agency has lauded Korea for recently granting citizenship to a foreign refugee, the first time the country has done so, calling the move ``a highly significant milestone in Asia, according to Yonhap News.