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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.