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S. Korean Conglomerates Still Lack Transparency in Governance

S. Korean Conglomerates Still Lack Transparency in Governance

SEJONG, Dec. 22 (Korea Bizwire) – South Korea’s big businesses still lack transparency in their governance as owner families still have a strong grip on influence without seats on the board of directors through cross-ownership, the state corporate watchdog said Thursday.  The percentage of owners or their relatives who are listed as board members of [...]

OECD Calls on S. Korea for More Transparency in Taxes, Regulatory Policies to Attract FDI

OECD Calls on S. Korea for More Transparency in Taxes, Regulatory Policies to Attract FDI

SEJONG, Feb. 9 (Korea Bizwire) — The Organization for Economic Cooperation and Development (OECD) on Monday called on South Korea to enhance its transparency in taxes and regulatory policies to better attract overseas investment that can breathe new life into the country’s economy. The Going for Growth 2015 report released by the Paris-based organization said [...]