SEOUL, Aug. 14 (Korea Bizwire) — South Korea could see its economy expand by the equivalent of 6% of GDP if the number of foreign residents increased by one million, according to a new study by the Korea Chamber of Commerce and Industry (KCCI) and a research team led by Professor Kim Deok-pa of Korea [...]
SEOUL, Aug. 12 (Korea Bizwire) — Top business leaders of South Korea and Vietnam on Tuesday highlighted the need to form a strategic economic partnership between their countries while vowing to continue enhancing their bilateral cooperation in various sectors. “Today, the business environment faced by both countries at home and abroad remains challenging,” Chey Tae-won, [...]
SEOUL, July 25 (Korea Bizwire) — A vast majority of publicly listed South Korean companies are expressing deep concerns over potential adverse effects of a second wave of corporate law reforms, warning that new regulations could further undermine corporate growth and governance stability. According to a survey released Thursday by the Korea Chamber of Commerce [...]
GYEONGJU, July 19 (Korea Bizwire) — Chey Tae-won, Chairman of SK Group and the Korea Chamber of Commerce and Industry (KCCI), issued a pointed warning on Friday about China’s rapid advancement in manufacturing AI, urging South Korea to form a strategic alliance with Japan and reform key policies to maintain competitiveness in the global AI [...]
SEOUL, June 25 (Korea Bizwire) — More than half of recent South Korean college graduates view the private sector’s growing preference for experienced hires as a major obstacle to entering the job market, according to a new report by the Korea Chamber of Commerce and Industry (KCCI). In its analysis of 144,181 job postings listed [...]
SEOUL, May 8 (Korea Bizwire) — Democratic Party presidential candidate Lee Jae-myung on Thursday stepped up a push to promote his pro-business and economic policies ahead of the June 3 election, capitalizing on eased legal risks following the postponement of his retrial over election law violations. Lee attended a meeting with the heads of South [...]
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 [...]