00:02You're listening to AI Prism from Seoul Economic Daily.
00:06Before you submit that application, the price of hiring you in the United States just jumped.
00:15$103,000 per worker. Korea is moving the other way, spending to make it cheaper to study and
00:22start a career here. Tuition at regional national universities is headed to zero. And Korean
00:28companies are flying to Los Angeles to recruit the people America is pricing out.
00:34It's Wednesday, August 26th. Let's look at what this means for job seekers and graduates in Korea.
00:42Two forces are pulling on the same pool of young technical talent this week.
00:47Washington is raising the cost of importing skilled workers. Seoul is spending to keep
00:52its own graduates at home and to pull talent back. Here's what the numbers show.
01:00$103,265, the new H-1B application fee, published by the U.S. Department of Homeland Security,
01:08replaces a charge that used to run $2,000 to $5,000. The employer pays it, the annual quota
01:15stays capped at $85,000 by lottery, and Korea ranked fifth among approved workers at 1% in fiscal 2024.
01:23LG InnoTech held a recruiting event in Los Angeles for about 30 masters and doctoral researchers from 16 U.S.
01:32universities, targeting physical AI, advanced packaging, and next-generation optics.
01:37The ruling party and the government will fully fund tuition at regional national universities and add a credit-bearing internship
01:46semester
01:47under next year's budget plan.
01:49Youngies Economic Agency signed with three universities to place information security students into live corporate consulting work running through early
01:58November.
01:5831 central government agencies will add 54 privacy officers, 39 of them newly created posts, doubling the average from 1
02:08.1 to 2.1 per agency.
02:11So what does this mean for job seekers and graduates? Earlier, we said Korea is moving the other way. Here's
02:19what that actually means for you.
02:21The cheapest route into a technical career right now runs through Korea, not around it.
02:27Security, privacy, and AI hardware are the three fields where public money and corporate hiring are pointing in the same
02:34direction at the same time, and they are hiring at entry level.
02:39The U.S. comment period on the visa fee closes in 30 days, with a final rule due by year
02:45-end.
02:45The student consulting placements run through early November.
02:49Next year's budget bill will show whether the tuition pledge survives the National Assembly.
02:55That's today's AI Prism, students and grads.
02:59This episode was produced with AI Assistants based on Seoul Economic Daily Reporting and reviewed by a human editor.
03:06AI Prism is a Juan Ifra Award-winning series. We'll be back tomorrow.
03:12You've been listening to AI Prism from Seoul Economic Daily.
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