Korea Chamber of Commerce and Industry Archives | Be Korea-savvy
Conglomerates Vow to Voluntarily Stop Unfair Practices

Conglomerates Vow to Voluntarily Stop Unfair Practices

SEOUL, July 11 (Korea Bizwire) – South Korea’s top 15 conglomerates said Tuesday they will voluntarily overhaul unfair practices without any intervention from the government, a local business lobby said. In a meeting with Lee Dong-geun, vice chairman of the Korea Chamber of Commerce and Industry (KCCI), 15 business leaders agreed with general calls that [...]

Hyundai, SK Leaders to Accompany Moon to U.S. Next Week: Biz Lobby

Hyundai, SK Leaders to Accompany Moon to U.S. Next Week: Biz Lobby

SEOUL, Jun. 23 (Korea Bizwire) — Leaders of South Korea’s top conglomerates including Hyundai and SK will join President Moon Jae-in on his first official visit to the United States next week, a local business lobby said Thursday. Moon is scheduled to visit Washington on Wednesday ahead of two-day summit talks with U.S. President Donald [...]

Low Oil Prices a Boon for Korean Businesses

Low Oil Prices a Boon for Korean Businesses

SEOUL, Jan. 30 (Korea Bizwire) — Six out of ten Korean businesses expected that currently low oil prices would produce positive effects, such as reduced production costs and sales increases. By industry, the automobile and textile industries showed high expectations, but the shipbuilding, E&C and petrochemical sectors expected losses to result from the low price of oil. [...]

KCCI Official Pleads for SK Group Chairman’s Release

KCCI Official Pleads for SK Group Chairman’s Release

“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 [...]

Chinese Tourists Grumble Communication Difficulties While Shopping in Korea

Chinese Tourists Grumble Communication Difficulties While Shopping in Korea

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 [...]