SEOUL, Jan. 29 (Korea Bizwire) – Executives of export companies believe that family business succession is crucial for the sustainability and responsible management of their enterprises. However, a recent study reveals that due to heavy tax burdens and negative social perceptions, many are contemplating selling or shutting down their businesses. A report from the Korea International [...]
HONG KONG SAR, Oct. 28 (Korea Bizwire) – Since its humble beginnings in the wake of the economic reforms and opening up enacted by the late Chinese leader Deng Xiaoping more than three decades ago, family businesses have grown to become the back bone of China’s economic growth. In China, family firms contributed to about 60 percent [...]
LONDON, Nov. 7 (Korea Bizwire) — Family businesses should seek to maximise the competitive advantage that comes from their strong values-led culture, according to the Global Family Business Survey 2018 released today by PwC. This year’s survey saw family business leaders globally reporting robust health, with levels of growth at their highest level since 2007. [...]
SEOUL, Apr. 24 (Korea Bizwire) — Family members working in a family business also have the right to be compensated for an occupational hazard, according to a case ruled on by the Korea Workers’ Compensation and Welfare Service (COMWEL) Busan Agency. The COMWEL said on April 22 that a man who has been working in [...]