parliamentary hearing Archives

Adidas Korea CEO Criticized for Using English at Parliamentary Hearing

SEOUL, Oct. 23 (Korea Bizwire) – The CEO of Adidas Korea, Peter Kwak, faced harsh criticism from lawmakers on October 21 for what they deemed an uncooperative attitude during a parliamentary audit, particularly his insistence on speaking English despite demonstrating Korean language ability. Kwak appeared as a witness before the National Assembly’s Political Affairs Committee to [...]

Top Regulator-nominee Calls for Tough Reform, Risk Management on Household Debt

SEOUL, Mar. 10 (Korea Bizwire) — The nominee for South Korea’s top financial regulator urged local financial firms on Tuesday to take stricter reform measures for what he describes a “second take-off,” and vowed heightened risk management on ballooning household debts. “The financial industry is facing rapid environment changes, such as a low interest rate [...]