profit sharing Archives | Be Korea-savvy
S. Korea’s First Profit-sharing Agreement Signed with Cambodia

S. Korea’s First Profit-sharing Agreement Signed with Cambodia

SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s National Institute of Biological Resources (NIBR) signed a profit-sharing agreement today with Hansolbio Co. and the Cambodian Ministry of Agriculture, Forestry and Fisheries at the InterContinental Seoul COEX. The agreement will serve as a first case of profit sharing, where companies, using foreign biological resources they have [...]

Successful Cooperation Profit Sharing Relies on Participation of Large Corporations

Successful Cooperation Profit Sharing Relies on Participation of Large Corporations

SEOUL, Nov. 7 (Korea Bizwire) — The South Korean government is striving to come up with alternative profit-sharing schemes between large corporations and small-and-medium-sized companies with the intention of promoting a more horizontal relationship between them. The government is also looking to implement a coexistence model where both large corporations and SMCs can achieve a win-win [...]