Trickle-Down Archives | Be Korea-savvy

Tax Credits Leads to Over 14,000 More Young Workers

SEOUL, Sept. 16 (Korea Bizwire) — South Korean companies increased hiring of regular workers by more than 14,000 in 2015 in return for government tax benefits, a report said Friday. A total of 2,164 large businesses and smaller companies applied for tax credits after employing a combined 14,109 young regular workers that year, according to [...]

No More Trickle-Down Effects from Big Business in Korean Economy

SEOUL, Feb. 23 (Korea Bizwire) – Trickle-down effects from major South Korean businesses, creating a flow of benefits to smaller companies, are becoming less perceptible. In a report announced Wednesday by the Korea Small Business Institute, researchers said that “there’s now very little trickle-down effects between big companies and SMEs,” based on a statistical analysis [...]