SEOUL, Nov. 15 (Korea Bizwire) – Despite the current economic slump and unstable political circumstances, foreign companies here were found to consider Korea as an important and attractive market. According to accounting firm Samil PwC, 57.8 percent of executives from 73 overseas businesses gave a positive response towards the Korean market from a global business [...]
SEOUL, Aug. 26 (Korea Bizwire) – The government will relax regulations on foreign companies doing business in Korea as a way to encourage them to invest more in foreign investment zones. The Ministry of Trade, Industry and Energy said on August 24 that it would revise the ordinance on foreign investment zone administration effective on the 25th. The [...]
SEOUL, June 11 (Korea Bizwire) – As the discussion on redesignating enterprise types fit for small business owners begins again in earnest after three years, controversies are expected as to which business areas will be affected and how much the regulation will be expanded. Until now, a number of unintended consequences have occurred, including mid-sized franchisers [...]