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Monday, February 26, 2018

Insight

The Korea Fair Trade Commission (KFTC) will look into first which companies should be designated as large business group subject to the comprehensive supervision.
Financial Supervision
30 May 2017 - 11:45am
The introduction of comprehensive supervision of financial conglomerates is picking up speed in South Korea. Under the circumstances, much attention is being paid to which companies will be subject...
There are concerns over the effectiveness of the new measures to handle household debts, which exclude interest rates and real estate issues.
Concerns over Effectiveness
29 May 2017 - 6:15pm
South Korea has failed to reduce household debt for six years. Accordingly, the new government is preparing for a two track strategy consisting of an increase in laborers' income and welfare in order...
Korea University professor Jang Ha-sung, who has been nominated as Presidential Senior Advisor for Policy Affairs on May 21
Acceleration of Economic Reform
22 May 2017 - 11:15am
On May 21, South Korean President Moon Jae-in nominated Ajou University president Kim Dong-yeon as Deputy Prime Minister for Economic Affairs and Minister of Strategy & Finance and Korea...
Acting head of KCTU Choi Jong-jin (right in the picture) speaking at a press conference in Seoul on May 12
Another Challenge
15 May 2017 - 11:30am
Trade unions in South Korea are demanding new labor-management relations under the new government. The Korean Confederation of Trade Unions (KCTU) is even calling for direct negotiations between...
The prosecution decided to indict Lotte Group chairman Shin Dong-bin and not to indict SK Group chairman Chey Tae-won with regard to bribery allegations against former President Park Geun-hye.
Contrasting Decisions
18 April 2017 - 2:30pm
The prosecution decided to indict Lotte Group chairman Shin Dong-bin and not to indict SK Group chairman Chey Tae-won with regard to bribery allegations against former President Park Geun-hye. These...
Samsung changed the name of Samsung Creative Economy Complex in Daegu to Samsung Creative Campus in February this year.
Fading into History
17 March 2017 - 11:00am
As President Park Geun-hye was forced out of office due to the Choi Soon-sil Gate that triggered her impeachment, “creative economy,” one of the key policies promoted by former President Park Geun-...
Lotte Group chairman Shin Dong-bin (right) and SK Group chairman Chey Tae-won (left) are swearing at the National Assembly’s hearings on Dec.6, 2016 in relation with the Choi Soon-sil scandal.
Tycoons Freed from Travel Ban
8 March 2017 - 12:00pm
Overseas travel bans will be lifted probably next week for Lotte Group chairman Shin Dong-bin and SK Group chairman Chey Tae-won who were investigated over the Choi Soon-sil scandal. "At present,...
Nam Yoo-chin, mayor of Gumi.
Global Economic Mission
27 February 2017 - 7:30pm
The Gumi Economic Mission to the US headed by Nam Yoo-chin, mayor of Gumi, is stepping up its efforts to expand its global value chain. The economic mission which traveled to Silicon Valley and...
CI of the Kolmar Korea.
Charged with Tax Evasion
1 February 2017 - 11:45am
Kolmar Korea Chairman Yoon Dong-han was indicted on charges of making a profit through borrowed-name security accounts and evading billions of won of taxes. The Seoul Central District Prosecutors'...
Costa Rica President Luis Guillermo Solis visits the IFEZ Public Relations Office with Incheon Mayor Yoo Jeong-bok on October 14 in 2016.
Must-go Place
19 January 2017 - 2:30pm
The Incheon Free Economic Zone (IFEZ) Public Relations Office has emerged as a place key figures at home and abroad must go. In particular, most foreign visitors were potential investors and...
On January 12, South Korean special prosecutors summoned Samsung Electronics vice chairman Lee Jae-yong as a bribery suspect.
Samsung in Trouble
13 January 2017 - 11:00am
Samsung Electronics vice chairman Lee Jae-yong was summoned by special prosecutors on January 12 for allegations that he offered a bribe to Choi Soon-sil and her family. After an investigation, the...
Kim Hee-geun, chairman of Byucksan Engineering.
Tax Evasion
16 December 2016 - 4:00pm
South Korea's tax authorities uncovered Kim Hee-geun, chairman of Byucksan Engineering, hiding his offshore bank accounts with a large sum of money. The National Tax Service (NTS) posted the actual...

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