More NewsSouth Korean giants focus on staying stable

South Korean giants focus on staying stable

The biggest concerns for South Korean multinationals over the remainder of 2014 are managing risks and increasingly their corporate stability, it has been reported.

The biggest concerns for South Korean multinationals over the remainder of 2014 are managing risks and increasingly their corporate stability, it has been reported.

Research by the Federation of Korean Industries (FKI) found that, of the top 30 multinationals in South Korea, just one in ten are looking to broaden their business scope this year, with only 7% exploring new ways to boost growth. Instead, two fifths are preparing themselves for foreign exchange volatility and management related-challenges, whilst a further 37% are considering restructuring measures to enhance their stability. These conglomerates include Samsung, Hyundai Motor, SK and LG.

In effect, almost eight out of 10 conglomerates are thinking of potential risks and challenges,” said the FKI.
 

 

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