HRCap Speaks on U.S. Job Market Trends

2020 K-Move Overseas Employment Council Meeting


Written by HRCap, Inc.

On Tuesday November 17th, 2020, the Consulate General of the Republic of Korea in New York and Korea Trade-Investment Promotion Agency (KOTRA) resumed the 2020 K-Move Overseas Employment Council Meeting via a live webinar. Consul General Ambassador Won-Sam Chang and leaders from various organizations including Korean International Trade Association (KITA), Korean-American Innovative Technology Engineers and Entrepreneurs (KITEE), New York Association of Korean-American Businessmen (NYKBI), and Korean American Society in Biotech and Pharmaceuticals (KASBP) attended the meeting.


Immigration Attorney Ji Hyun Ryu, Esq. spoke on the major changes to the Immigration Law with the Biden presidency, while HRCap, Inc. Head of Executive Search, Director Stella. H. Kim, SPHR highlighted the impact of COVID-19 and the incoming Biden Administration on the U.S. Job Market.


Attorney Ji Hyun Ryu, Esq. highlighted Immigration Policies of the Biden Administration. She noted that Biden’s policy seek to increase the number of visas allocated to H-1B and increase the number of permanent residencies. Biden also proposes implementing a permanent residency system that can be applied by a city and county, and issuing temporary visas during Green Card approval processes. Since the USCIS has already changed how it operates under the Trump Administration, it is still unclear whether the proposed policies by the Biden Administration can be implemented before March 2021.