SEOUL, Sept. 7 (Korea Bizwire) – South Korea’s financial regulator on Thursday asked foreign securities firms to beef up efforts to prevent illegal stock short selling amid an increase in such cases. The Financial Supervisory Service (FSS) made the request in a meeting with compliance officers of 23 foreign securities companies here, calling for an [...]
SEOUL, March 31 (Korea Bizwire) — A majority of foreign-invested companies with a presence in South Korea are considering expanding their investment in this country, the business lobby group said Thursday. The Korea Chamber of Commerce and Industry (KCCI) conducted a survey of 95 foreign-invested businesses and found that 64.2 percent of the respondents said [...]
SEOUL, Sept. 10 (Korea Bizwire) — A handful of foreign information technology (IT) companies have been identified as having been negligent in their duties of operating domestic representatives for personal information. The domestic representatives are supposed to act on their behalf to perform the duties of a person responsible for management of personal information. The [...]
SEOUL, March 4 (Korea Bizwire) — Nearly two-thirds of foreign firms in South Korea expect their sales to drop due to the spread of the novel coronavirus, a poll showed Wednesday. The survey of 150 foreign-invested corporations showed 67.3 percent of the respondents anticipating a decline in their shipments due to the fast-spreading epidemic. The [...]
SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to provide more incentives to overseas companies operating in the country and induce them to carry out more foreign direct investment (FDI). The Ministry of Industry, Trade, and Energy, which hosted meetings with officials from foreign companies here, said it is [...]
SEOUL, Jul. 11 (Korea Bizwire) — Large foreign companies operating in South Korea posted strong earnings in 2017, but they were reluctant to create more jobs, a corporate tracker said Wednesday. The combined operating income of 51 foreign-invested companies, which made the list of the top 500 firms in South Korea, came to 8.6 trillion [...]