The erosion of trust in the South Korean government’s policy, excessive regulations, expansion of ordinary wages and conflict between labor and management have dampened foreign investment sentiment to Korea, showed a poll. Read more
MK Business News published the special report on the business confidence survey conducted by the ECCK, BCCK, FKCCI, KGCCI, and ITCCK. The three-part special article covers general business concerns with a particular focus on rising labour costs; inconsistency in regulation; as well as non-tariff barriers and unfair treatment. The article is available in Korean. – …
[The Korea Times] UK Chamber of Commerce chides unions European business leaders in Korea have asked the government to take steps to handle rising labor costs to help attract direct foreign investment. Read more