Eat Pray Nepal Blog: Nepal foreign money dependence and remittance

Tuesday, January 21, 2014

Nepal foreign money dependence and remittance

Nepali men queuing for a foreign job application

The Nepalese economy is almost totally dependent on foreign labor sending money to their families in Nepal. Everyday there are hundreds of low skilled workers going abroad mostly to the Arab countries and Malaysia but also recently to South Korea. 

One day, I happened to see a huge long line of people and police gathered. I inquired an officer who told me that they are waiting in line to get application forms for Korean employment. Basically South Korea hires about 5,000 Nepalese every year of which they get about 20,000 to 30,000 Nepalese applicants. The applicants are then tested for Korean language exam and those who pass the exam are eligible for employment opportunities in South Korea.

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