Korean executives from some of Korea’s largest companies and the chair of the most powerful lobbying group in the country are asking the tax authorities to offer longer payment plans for settling inheritance tax bills.
Confidence among manufacturers hit a 27-month high as vaccinations promise to bring the world out of the Covid catastrophe.
President Moon Jae-in highlighted the significance of environmental, social and governance (ESG) factors in operating businesses during an event attended by leaders of large Korean companies on Wednesday.
The new chief of Korea’s major business lobby group called on his Japanese counterpart to resume ties and regular exchanges.
Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, right, accompanies Doosan Infracore Chairman Park Yong-maan at the KCCI headquarters in Jung District, central Seoul.
SK Group Chairman Chey Tae-won, left, shakes hand with Park Yong-maan, Korea Chamber of Commerce and Industry (KCCI) chairman, at the KCCI headquarters in Seoul on Tuesday.
On Monday morning, KCCI’s chair committee recommend Chey to be chairman of the Seoul Chamber of Commerce and Industry. As is tradition, that would automatically make Chey chair the KCCI as well, which oversees 73 offices nationwide.
Business lobbying groups issued statements over the weekend, pleading leniency in a bribery case involving Samsung Electronics Vice Chairman Lee Jae-yong, with the Seoul High Court due to issue a verdict on Monday.
Nearly 4,000 businesspeople and family members of Koreans residing in Vietnam will be allowed to enter the Southeast Asian country starting Wednesday, marking the largest Korean group admitted since borders were closed due to the coronavirus.
The Korea Chamber of Commerce and Industry, the country’s leading business lobby group, said Monday it won the 2020 Van Fleet Award for its contribution to strengthening ties between Korea and the United States.