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Former Kaesong Industrial Complex Companies Shift Production to Vietnam

Former Kaesong Industrial Complex Companies Shift Production to Vietnam

SEOUL, Jul. 25 (Korea Bizwire) — A number of local companies that operated factories situated in the Kaesong Industrial Complex are relocating to Vietnam and other countries after being unable to deal with rising labor costs. According to the association of companies that has production facilities in Kaesong, of the 123 companies that operated factories [...]

Fierce Competition Among Korean Law Firms in Vietnam

Fierce Competition Among Korean Law Firms in Vietnam

SEOUL, Apr. 26 (Korea Bizwire) — With the number of Korean corporations entering the Vietnamese market on the rise, competition among Korean law firms eyeing the local legal market has become intense. One such law firm, Sejong, formally opened an office in the capital city of Hanoi on Tuesday. This comes approximately one year after [...]

Nonghyup Signs MOU with Vietnam’s VCA to Expand Agriculture Cooperation

Nonghyup Signs MOU with Vietnam’s VCA to Expand Agriculture Cooperation

SEOUL, March 26 (Korea Bizwire) — Nonghyup said Monday it has signed a memorandum of understanding (MOU) with its Vietnamese counterpart to increase agricultural products trade and the expansion of Nonghyup’s financial services in the Southeast Asian country. Nonghyup is South Korea’s agricultural cooperative whose key stakeholders include farms and other agricultural businesses. In addition [...]