The KABC Online Second Chance Korea Business Forum

Operating a Foreign Company in Korea in 2023

8.00am – 9.30am Wednesday 5 July 2023 at the Online Seminar Room (Zoom)

Our session held on June 15 began with a review of the economy as we were in the final month of Q2 and could begin to estimate the GDP growth for the quarter and the year.  Governor Rhee of BOK gave an excellent summary of the state of the economy in mid-May when he continued to freeze the interest rate at 3.5% while suggesting that overall Korea will grow at 1.4% in 2023 with the full forecast given on May 25th which has some disturbing details and for the first time introduces two scenarios.

Our main discussion for June was to talk about how operating a foreign company in Korea in 2023 is different from the past based on the views of practitioners.  I had invited several guests to join in the discussion, Dr Namgong Jun of the Korea Labour Institute who has recently given a good overview of the steps for labour reform which are proposed.  Others talked about the issues of dealing with the new Korean government one year into the Yoon presidency and other the contrast between office bound workers and flexible workers who choose whether to work from office or home especially in relation to raising a family.  We had an interesting discussion on generation gaps, employing older workers and the challenges of AI in the office place.  Other members added their observations on other difficulties or successes of 2023 so we can consider a good housekeeping agenda for foreign companies in Korea.

If you missed the first session and have time please join the second chance version on July 5 on line

Yours sincerely,

Tony Michell Ph.D
Managing Director, KABC Ltd.

Registration

    Name *:

    Position:

    Company:

    Email address* :

    Mobile Phone :

    Agreement* :
    Confirmed ​I agree to the below collection and use policy of personal information.

    [Personal information collection and use policy]

    1. Types of personal information collected and purpose of use
    The types of personal information collected through this page and the purpose of use are as follows.
    1) Types of personal information to be collected: name, e-mail address
    2) Purpose of use of collected personal information: Information on Korea Business Forum and related events through e-mail, and delivery of related information

    2. Processing and retention period of personal information
    1) The Korea Business Forum retains and processes personal information within the period of retention and use of personal information agreed upon when collecting personal information from the information subject, or the retention and use period of personal information in accordance with laws and regulations.
    2) The retention period of the collected personal information is until the business processing specified in the purpose of use is completed, and the collected personal information is destroyed as soon as the business processing is completed.

    * Required

    Published On: June 30th, 2023 / Categories: Event, Korea Business Forum /

    The organisation that anticipates change and is always ready

    We are always awake, quickly understands information, and always thinks about and prepares strategies to respond to it.

    Consulting

    KABC has extensive experience in strategic studies, change management, and mergers and acquisitions.

    Learn more

    Research

    We regard ourselves as masters of Korean statistics which comes from macroeconomic as well as microeconomic work.

    Learn more

    Infoservice

    KABC provides information services to foreign companies operating in Korea and foreign governments in Korea.

    Learn more

    Event

    KABC provides information services to foreign companies operating in Korea and foreign governments in Korea.

    Learn more

    Related Posts