The Seoul Metropolitan Government has announced its plans to invest 250.6 billion won ($184.8 million) over five years to attract foreign talent and businesses and to help them adjust to the city.
According to the city government, there are around 440,000 residents of foreign nationality, accounting for 4.7% of the city’s total population.
The city aims to attract around 1,000 foreign nationals with master’s or doctoral degrees in science and engineering, Oh Se-hoon, the city’s mayor says.
Ten universities with majors in high-tech fields will be selected to receive financial support of up to 1.5 billion won annually for three years by 2025, Se-hoon adds.
“The key behind Seoul’s plan is to attract foreign talent and to create an inclusive, multicultural society to boost the city’s global competitiveness.”
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