SEOUL, Aug. 23 (Korea Bizwire) — The Korea Chamber of Commerce and Industry (KCCI), the country’s leading business lobby group, announced that a national development project competition will air on broadcaster SBS on Aug. 29. Titled the ‘Korea Idea League,’ the program invites private enterprises to come up with various projects for national development. The [...]
SEOUL, Feb. 1 (Korea Bizwire) — The chief of SK Group was appointed as the new head of the Korea Chamber of Commerce and Industry (KCCI), a powerful business lobby group, the KCCI said Monday. Member chairs unanimously agreed to tap SK Group Chairman Chey Tae-won as the sole candidate for the new chief to [...]
SEOUL, Jul. 5 (Korea Bizwire) — South Korean manufacturers’ business sentiment reached the highest in over two years, but pessimism still outweighed optimism overall, a survey showed Wednesday. A survey of some 2,200 manufacturing firms put the business sentiment index (BSI) at 94 in the third quarter, up five points from the second quarter but [...]
SEOUL, March 24 (Korea Bizwire) – Thanks to the ubiquity of smartphones and tablets, annual sales volumes for mobile shopping in Korea first exceeded the 10 trillion won mark last year. According to the “Distribution Industry Whitepaper 2015” released on March 23 by the Korea Chamber of Commerce and Industry (KCCI), the total volume of [...]
“I think he has been punished enough. In the situation that SK Group is now fiercely competing with world leaders in cutting-edge industries, if he (SK Group Chairman Chey Tae-won) were released, the group would be transformed drastically. We should give it a chance to transform.” “SK is desperately competing to go ahead over other [...]
SEOUL, May 9 (Korea Bizwire) – The number of foreign tourists from China has been rapidly increasing as entry and departure formalities were simplified for them; however, the number of Japanese tourists has been decreasing due to a weak yen. As the tourist dynamics are changing, understanding the needs of the foreign visitors and making [...]
SEOUL, Korea, April 18, 2014 (Korea Bizwire) – The employers in Korea are getting worried about the increasing pressure of higher labor costs upon “Extension of the Retirement Age to 60 Laws” to be taking effect in 2016. In order to minimize the damage, companies are calling for a wage peak system. According to the [...]
SEOUL, South Korea, Sept 23 (Korea Bizwire) – The so-called “black consumer” is a major headache for retailers and companies making consumer goods. Recently a discount store in Seoul had a run-in with a middle-aged woman who claimed that she lost something she stored four months ago in a locker inside the store. She threw [...]