Labor Dispute Most Troubling for Foreign CEOs
Labor disputes are the most troubling issue for foreign firms doing business in Korea, according to a recent survey.
Although expatriate businessmen acknowledge a significant improvement in the overall investment climate in Korea, they still pointed out many unreasonable business practices.
They said that the most urgent task for Korean companies is to promote accounting transparency.
They praised a reduction of debt ratio for Korean companies, but said that Korea has failed to promote labor flexibility. They view the public sector as the least reformed sector of the economy.
These are the results of a survey by the Korea Chamber of Commerce and …
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Publication information: Article title: Labor Dispute Most Troubling for Foreign CEOs. Contributors: Not available. Newspaper title: Korea Times (Seoul, Korea). Publication date: February 22, 2001. Page number: Not available. © Not available. COPYRIGHT 2001 Gale Group.
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