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Kaesong-Based Firms Bask in Decent Growth: Data

Kaesong-Based Firms Bask in Decent Growth: Data

SEOUL, Jan. 19 (Korea Bizwire) — The overall earnings of ten South Korean companies that are operating in a jointly-run inter-Korean industrial complex have increased by an average of over 10 percent per year since 2005, data showed Monday, indicating that they have been doing relatively well despite political tensions that have emerged over the [...]

FSS to Strengthen Supervision on Overseas Subsidiaries of Korea-based Firms

FSS to Strengthen Supervision on Overseas Subsidiaries of Korea-based Firms

SEOUL, Aug. 21 (Korea Bizwire) – As the number of overseas subsidiaries to Korea-based companies rises, the financial authorities are strengthening their supervision on these companies’ accounting practices. According to the Financial Supervisory Service on August 20, of the 1,594 publicly traded companies that close their books in December as much as 76.2 percent (1,214 firms) [...]