[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. – …
ECCK President Thilo Halter had an interview with MK Business News. In this interview, Mr Halter reiterated the ECCK’s position on “ordinary wages” and “preferential tax treatment for foreign workers.” “Applying regulations in a retroactive manner will undermine Korea’s credibility and reputation as an attractive investment destination,” said Mr Halter. Full text is …