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Foreign Firms View Korea as an Attractive Market

Foreign Firms View Korea as an Attractive Market

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 [...]

Gov’t to Relax Regulations on Foreign Invested Firms to Relieve Their Rental Burdens

Gov’t to Relax Regulations on Foreign Invested Firms to Relieve Their Rental Burdens

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 [...]

Coffee Shop Trade Group Gives up Asking for “Small Business Only” Designation

Coffee Shop Trade Group Gives up Asking for “Small Business Only” Designation

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 [...]