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Prime Minister Met Foreign Businesses to Discuss Deregulation Issues
Prime Minister CHUNG Hongwon and foreign business leaders in Korea shared their opinions for a better business and regulatory environment, during the luncheon meeting held from 11:00 a.m. today at Prime Ministers Office.
Organized by PMs Office and the European Chamber of Commerce in Korea (ECCK), the meeting has been prepared to identify urgent deregulation issues for international companies as part of promoting foreign investment in Korea. In August, the government held a discussion meeting with domestic businesses to discuss deregulation necessary for economic boost.
Represented by Thilo Halter, President of the ECCK, present were CEOs and executives of 26 global companies including Audi-Volkswagen, Alstom, BMW, BNP Paribas, Intel, and Mercedes-Benz among others.
Participants on the government side included Vice-Minister of Strategy and Finance, Vice-Minister of Trade, Industry, and Energy, Vice-Minister of Employment and Labor, Vice-Chairman of Financial Services Commission, Vice-Minister of Food and Drug Safety, and Vice-Commissioner of Korea Customs Service along with Prime Minister Chung and senior officials from his office.
Foreign invested companies account for 20% of Korea’s export and 6% of total employment, said Prime Minister in his opening remarks. He emphasized that the government would continue its effort to improve the country’s investment environment and communicate with foreign businesses.
Mr Halter, on behalf of participants, appreciated this opportunity to discuss business issues. Todays meeting also provided us an opportunity to hear clear and thorough answers to our various questions about policies. In addition, we learned there have been some misunderstandings and the government gave us good explanations.”
During the Q&A session, business representatives raised a number of topics they find at issue with current regulations. Notable queries included taxation on excessive corporate reserve, which has become an issue lately, the development of guidelines for ordinary wages, as well as IT data off-shoring issues.
To read more about the meeting, please click the links below. Text is available in Korean
Prime Minister Met Foreign Businesses to Discuss Deregulation Issues
Prime Minister CHUNG Hongwon and foreign business leaders in Korea shared their opinions for a better business and regulatory environment, during the luncheon meeting held from 11:00 a.m. today at Prime Ministers Office.
Organized by PMs Office and the European Chamber of Commerce in Korea (ECCK), the meeting has been prepared to identify urgent deregulation issues for international companies as part of promoting foreign investment in Korea. In August, the government held a discussion meeting with domestic businesses to discuss deregulation necessary for economic boost.
Represented by Thilo Halter, President of the ECCK, present were CEOs and executives of 26 global companies including Audi-Volkswagen, Alstom, BMW, BNP Paribas, Intel, and Mercedes-Benz among others.
Participants on the government side included Vice-Minister of Strategy and Finance, Vice-Minister of Trade, Industry, and Energy, Vice-Minister of Employment and Labor, Vice-Chairman of Financial Services Commission, Vice-Minister of Food and Drug Safety, and Vice-Commissioner of Korea Customs Service along with Prime Minister Chung and senior officials from his office.
Foreign invested companies account for 20% of Korea’s export and 6% of total employment, said Prime Minister in his opening remarks. He emphasized that the government would continue its effort to improve the country’s investment environment and communicate with foreign businesses.
Mr Halter, on behalf of participants, appreciated this opportunity to discuss business issues. Todays meeting also provided us an opportunity to hear clear and thorough answers to our various questions about policies. In addition, we learned there have been some misunderstandings and the government gave us good explanations.”
During the Q&A session, business representatives raised a number of topics they find at issue with current regulations. Notable queries included taxation on excessive corporate reserve, which has become an issue lately, the development of guidelines for ordinary wages, as well as IT data off-shoring issues.
To read more about the meeting, please click the links below. Text is available in Korean
[이데일리] 외투기업“노동시장유연화등규제완화해야“(종합)
[아시아경제] “규제풀어달라“외투기업봇물건의…鄭총리“가격공개·이중과세등차별시정“(종합)
[머니투데이] 주한유럽상의“외투기업에기업소득환류세제유보필요“
[매일경제] 정홍원총리“외국기업투자환경개선할것“
[서울경제] 외투기업“사내유보금과세땐국부유출…재검토해야“
[국민일보] 鄭총리“외국기업차별없게…투자쉽도록규제풀겠다”
[한국경제] 외국기업“고용규제,투자의욕꺾는다“
[서울신문] 정총리“외국기업투자환경개선에최선”
[파이낸셜뉴스] 외국인투자기업,정총리와 ‘규제개선간담회’서불만토로
[KTV한국정책방송] 정총리, “외국·국내기업함께성장하도록환경개선“