South Korea

MNCs in the News-2015-03-20

China National People’s Congress (NPC) senior official says China’s counter-terrorism law on hold. Foreign information technology (IT) companies face severe challenges due to the implementation of China Banking and Regulatory Commission (CBRC) and Ministry of Information and Industry Technology Banking sector IT rules. Ministry of Commerce (MOFCOM) data show slowing inward foreign direct investment (FDI) growth in February versus the prior year. Shanghai Gao Tong Semiconductor chips away at Qualcomm with a trademark violation suit. Yahoo will shut its China research center. Foreign businesses find nothing to celebrate in China Central Television’s (CCTV) China’s Consumer Rights Day show. Chinese government lends a financing hand to Chinese companies pursuing overseas projects. China will audit its largest state-owned enterprises to limit excess competition, losses, and corruption. Limits of China-South Korea FTA will result in expansion of South Korea car firms in China. The Consumer Union of Korea pans IKEA’s pricing practices in Korea.

MNCs in the News-2015-03-06

China’s draft counterterrorism law raises substantial concern among foreign companies. Foreign technology firms struggle to determine best way to defend their interests in China. Deputy Commissioner of State Intellectual Property Office (SIPO) asserts China’s intellectual property laws are not used to discriminate against foreign technology businesses. Premier Li Keqiang proclaims China will significantly revise Foreign Investment Catalog to reduce foreign investment restrictions. American Chamber of Commerce in Shanghai report indicates costs and operating challenges most concern foreign firms in China. Alibaba confronts penalties in Taiwan. Connecticut’s Attorney General investigates Lenovo’s pre-loading of Superfish software. Japan works to limit the power of Google. Japan moves to facilitate foreign investment with one-stop office. South Korean business and government leaders push multi-dimensional opportunities between the two countries. POSCO partners with Saudi Arabia sovereign wealth fund about possible automobile joint venture in Saudi Arabia.

MNCs in the News-2014-12-26

China’s State Council policy changes relating to renminbi (RMB) business for foreign banks raise interest. China’s National Development Reform Commission (NDRC) pushes Qualcomm for significant business practice changes. China’s State Council calls for new rules for foreign investment free trade zones (FTZs) planned for Guangdong, Fujian, and Tianjin. China adopts new policies designed to make it easier for Chinese companies to investment overseas. Chinese outward foreign direct investment (FDI) deals in Indonesia reveal potentially massive corruption. Chinese outward investors encounter problems relating to insufficient attention to local workers and the environment. Foxxconn’s decision to shutter Chennai phone plant leads to large worker protests. Uber runs into regulatory problems in mainland China, Taiwan, and South Korea.

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