The members of the European Chamber of Commerce in Korea (ECCK) elected Jean-Christophe Darbes, the President and CEO of BNP Paribas Cardif Life Insurance in Seoul, as President of the Board at the Annual General Meeting on February 23. Along with Mr Jean-Christophe, Jan Benggard, Toni Schreibweiss, Torben Karasek, and Michael Reed were elected as …
[MK Business News] Gov’t tax hike plans spill into foreign firms The move by the South Korean government to raise taxes is spilling into workers at foreign firms. Read more Gov’t tax hike plans spill into foreign firms (in English) “증세불똥” 외국기업 뿔났다 (in Korean)
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
[JoongAng Daily] Eurogroup chief an advocate for structural reform Jeroen Dijsselbloem, finance minister of the Netherlands and president of Eurogroup, talked about the importance of upcoming structural reform in Europe during his two-day visit to Seoul, where that subject is at the top of the Park Geun-hye administration’s agenda. Read more