SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s business sentiment remained pessimistic for March due to prolonged concerns over a slowdown of the global economy, a poll showed Tuesday. The business survey index (BSI) for the country’s top 600 companies by sales stood at 97 for March, up 4.7 points from this month, according to [...]
SEOUL, Aug. 18 (Korea Bizwire) — An independent corporate compliance oversight committee of Samsung Group recommended Friday the country’s biggest conglomerate rejoin a business interest group that it withdrew from years ago amid a high-profile corruption scandal involving its de facto leader Lee Jae-yong and the ousted former President Park Geun-hye. The committee, however, said [...]
SEOUL, Sept. 19 (Korea Bizwire) — The Federation of Korean Industries (FKI) said Wednesday it has established the Korean committee of the Silk Road Chamber of International Commerce (SRCIC) to help promote China’s Belt and Road Initiative. The FKI set up the committee at the request of the SRCIC. The Korean business lobby group will [...]
SEOUL, Nov. 24 (Korea Bizwire) – February 2, the kick-off date of the PyeongChang 2018 Winter Olympics, is fast approaching, leaving the organizing committee with a shrinking window to come up with solutions to problems that are for the most part out of their control. The first blow was delivered in September by the NHL, [...]
SEOUL, March 24 (Korea Bizwire) – The Federation of Korean Industries (FKI), the largest lobby body for large companies here, said Friday that it would boost transparency and switch to the role of a think tank for the corporate sector. Huh Chang-soo, chairman of the FKI, announced a set of reform measures that centers around [...]
SEOUL, May 13 (Korea Bizwire) — A major business lobby in South Korea called on the government Wednesday to lower its reduction target for greenhouse gas emissions, saying that it is “impossible” to achieve. The government earlier proposed cutting greenhouse gas emission by 30 percent from business-as-usual (BAU) levels by 2020. It plans to submit its [...]
SEOUL, Mar. 16 (Korea Bizwire) — South Korea’s 30 leading business groups will expand investment, but decrease new employment this year compared to last year, amid worries of increasing labor costs, a survey showed Monday. According to the survey by the Federation of Korean Industries (FKI) of the top 30 conglomerates in terms of assets [...]
SEOUL, May 13 (Korea Bizwire) – According to a recent survey by the Federation of Korean Industries, the ongoing appreciation of the Korean won is undermining the profitability of Korean exporters. The FKI survey on 120 large manufacturers in Korea revealed that the break-even exchange rate for local manufacturers was 1,052.30 won per the U.S. [...]
SEOUL, Korea, Mar 3 (Korea Bizwire) – A study said the biggest reason for women to quit being part of the economically active population was marriage. Up until now, the main reason for women’s career discontinuity was childrearing. A ccording to a report “How to Raise Women Employment Ratio” published by the Federation of Korean [...]