Business Regulation Archives

Nearly Half of SMEs That Focus on New Technology Face Difficulties from Regulations

SUWON, Sept. 14 (Korea Bizwire) – A new survey has revealed that nearly half of small and medium-sized South Korean companies that focus on the new technologies such as smart health care and drones face difficulties due to ‘too many regulations,’ with the resulting economic damages estimated to reach 200 million won per company. The [...]

Businesses Call for Eased Regulations Under New Administration

SEOUL, May 10 (Korea Bizwire) – South Korea’s five major business organizations on Wednesday called on the new government to ease regulations and generate business-friendly environments to help with new jobs and investments. In separate statements, the country’s five representative economic entities — The Korea Employers Federation (KEF), the Federation of Korean Industries (FKI), the [...]