Minister of Trade, Industry and Energy Kim Jeong-gwan, who provides settlement support including a 50% reduction in local income tax for up to 10 years and a visa issuance within two weeks without visiting an overseas location. Yonhap News Agency The Ministry of Trade, Industry and Energy announced on the 2nd that it will launch a new K-Tech Pass track in earnest. This is a measure to attract foreign talent. According to the Ministry of Trade, Industry and Energy on this day, Techpass first issues top-tier visas (residence visas for top talent) to outstanding overseas talent in the high-tech industry.