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Public Image of Large Businesses Worsens
Conglomerates
Public Image of Large Businesses Worsens
  • By matthew
  • October 9, 2013, 08:40
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President Park delivers a speech at a luncheon meeting at the President’s Office with the heads of the 10 largest business groups on August 28.
President Park delivers a speech at a luncheon meeting at the President’s Office with the heads of the 10 largest business groups on August 28.

 

The public image of large businesses and their executives has gotten worse since last year amid the continued economic recession, said the Korea Economic Research Institute on October 8.

The economic researcher conducted a survey targeting on 2,000 people, which shows that only 51 percent have a positive view of corporate executives, much lower than last year’s 73 percent.

Positive perceptions of large businesses also declined. In the survey, 63 percent of the respondents said they had positive views of them, down from 68 percent last year. 

In particular, public perceptions of the family-owned conglomerates known as chaebol are extremely bad. Only 29 percent took favorable views of chaebol, which could be attributable partially to a series of recent corruption and tax evasion scandals involving chaebol heads.  

The state-owned enterprises also did not have favorable responses from the public by taking just 49 percent positive answers. 

On the contrary, around 84 percent had positive views of small and medium-sized businesses.

The survey was conducted online by the economic research institute.