January 9, 2023
The shortage of specialists in the industry is estimated at 14 thousand people
The government plans to shorten visa administration procedures for foreign workers employed by South Korean shipbuilders from the current four months to one month as the shipbuilding industry faces a labor shortage, The Korea Times reported, citing a government statement. According to the estimates of the relevant organization, the labor shortage will reach 14 thousand people by the end of 2023.
According to the report, the Ministry of Justice and the Ministry of Trade, Industry and Energy have unveiled a plan to eliminate barriers in attracting foreign workers to the shipbuilding industry. Under this plan, shipbuilders and subcontractors can employ up to 30% of foreign nationals of the total domestic workforce. The current limit is 20%.
The government is also planning to increase the administrative staff of visa specialists, which will allow issuing documents within 10 days. Currently it takes about five weeks for a visa to be issued after a preliminary check.
South Korea, along with China and Japan, currently have the largest portfolios of orders for ships.