U.S. adjustments to the H-1B visa will be evaluated by South Korea for potential effects on domestic businesses and employee pools.
The Trump administration has announced a significant change to the U.S. H-1B visa fees, a move that could have far-reaching implications for the tech industry and South Korean professionals seeking to enter the U.S.
Under the new regulation, companies will be asked to pay a $100,000 annual fee for H-1B worker visas. This change is expected to impact South Korean professional workers seeking to enter the U.S., as well as those H-1B visa holders who are currently abroad.
The new fee structure applies to workers, not just companies, and could potentially affect tech companies' decisions to hire foreign workers. Some big tech companies have warned H-1B visa holders to remain in the U.S. or return quickly if they are currently abroad, citing the potential concerns the new fee change might pose for those planning to travel outside the U.S.
The South Korean foreign ministry is assessing the impact of the new U.S. H-1B visa fee change on South Korean companies and workers. Specific companies affected by the new fee change have not been named, but the South Korean government is reviewing the impact on its companies and workers, particularly those in technology sectors that commonly use H-1B visas.
The U.S. side will also be involved in assessing the impact of the new H-1B visa fee change. The South Korean foreign ministry has stated that it will work with the U.S. side to fully understand the implications of this change.
The new H-1B visa fee change is a potential concern for those H-1B visa holders who plan to travel outside the U.S., as the high fee could deter some visa holders from making such trips. The new fee change is a significant development from the Trump administration and could have a significant impact on the tech industry and South Korean professionals seeking to work in the U.S.
