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Wednesday, October 18, 2017

Insight

Kumho Tire's sales force and overseas buyers they held a silent protest against the problematic sale of the company to Doublestar in front of Kumho Asiana Main Building in Gwanghwamun, Seoul on August 8.
Against Sell-off
9 August 2017 - 3:15pm
Kumho Tire's sales force and overseas buyers took to the street together. On August 8, they held a silent protest against the problematic sale of the company in front of Kumho Asiana Main Building in...
Dong-A Socio Holdings Chairman Kang Jung-seok.
Illegal Kickbacks
9 August 2017 - 1:00pm
The chairman of Dong-A Socio Holdings, the holding company of Dong-A Pharmaceutical, has been detained on charges of tax evasion and offering illegal kickbacks to local doctors as bribes for...
South Korea’s GDP volatility is falling more rapidly than the average of OECD member countries.
GDP Volatility
9 August 2017 - 11:00am
The Bank of Korea announced on August 8 that South Korea’s GDP volatility is falling more rapidly than the average of OECD member countries. The GDP volatility is one of those indicators that show...
The Hyundai Motor Group’s production activities will be temporarily stopped for the sixth consecutive year once the two unions go on strike this year.
Huge Loss from Strikes
8 August 2017 - 11:15am
Hyundai Motor Company union members decided to go on partial strike soon. Kia Motors union members take a vote on August 8. The Hyundai Motor Group’s production activities will be temporarily stopped...
The result of the first trial regarding the ordinary wage of Kia Motors workers is predicted to have a significant impact on the Korean automobile industry as a whole.
Whirlwind of Ordinary Wage
8 August 2017 - 11:00am
The result of the first trial regarding the ordinary wage of Kia Motors workers, which has continued for almost six years, is predicted to have a significant impact on the automobile industry of...
Vice-chairman Lee Jae-yong once said, ‘I do not like being the chairman of the Samsung Group for its negative image. I want to be called the chairman of Samsung Electronics.”
Vice Chairman Lee’ Remarks
7 August 2017 - 3:00am
Stories to show the Samsung Group’s overall business were told during a trial of vice chairman Lee Jae-yong and the former head of Samsung Group’s the Future Strategy Office Choi Ji-sung, which was...
The number of recalls in South Korea increased from 1,586 to 1,603 between 2015 and 2016.
For Positive Reputation
4 August 2017 - 1:30pm
The Korea Fair Trade Commission (KFTC) announced on August 3 that the number of recalls in South Korea increased from 1,586 to 1,603 between 2015 and 2016. Last year, the number of recall orders from...
South Korea recorded a current account surplus of US$36.27 billion, down 29.8% from a year ago, in the first half of this year.
Due to Service Account Deficit
4 August 2017 - 11:30am
The Bank of Korea announced on August 3 that South Korea recorded a current account surplus of US$36.27 billion, down 29.8% from a year ago, in the first half of this year. During the period, its...
The Korea Development Bank (KDB) officially recognized a possibility of GM’s withdrawal from Korea.
GM’s Option
4 August 2017 - 2:45am
The Korea Development Bank (KDB) officially recognized a possibility of GM’s withdrawal from Korea. In fact, there will be no way to stop GM if the automaker withdraws from Korea. The state-owned...
High-paid foreign workers in South Korea have to pay more taxes from July next year.
More Taxes on Foreign Workers
3 August 2017 - 2:00pm
The South Korean government announced some changes in tax law on August 2, saying that relevant amendments will be submitted to the National Assembly by September 1. According to the changes, high-...
The top marginal corporate income tax rate in Korea will be raised next year to 25% from the current 22% for corporations with more than 200 billion won (US$177.79 million) of annual taxable income.
Targeting 129 Large Businesses
3 August 2017 - 1:45pm
The Moon Jae-in administration will start raising the rate of taxation for large businesses next year. Going against the latest trend that many countries are scrambling to lower corporate taxes, the...
The Cayenne Diesel.
Stopping Sales
1 August 2017 - 12:15pm
Porsche Korea also suspended its local sales of the “Cayenne Diesel” model recalled in Europe after its environmental certificates were revoked due to an exhaust gas emission rigging device On July...

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