FKCCI Sends Official Letter Requesting 4 Major Groups to Join Hankyung Business Association
The Federation of Korean Industries (FKI) has sent an official letter on the 19th requesting the four major conglomerates (Samsung, SK, Hyundai Motor, LG) to join the newly launched Korea Business Association (KBA), established as part of organizational innovation.
According to the business community, the FKI sent the letter titled "Request to Join the Korea Business Association" to key affiliates of the four major groups under the name of the FKI Management Committee on the same day.
The four major groups are reportedly planning to officially discuss whether to accept the request at their respective affiliate board meetings, which will be held sequentially starting next week. Earlier, in May, the FKI announced an organizational innovation plan, formalizing the renaming to KBA, the original name at its first launch in 1961, and the absorption and integration of its affiliated research institute, the Korea Economic Research Institute (KERI).
Hot Picks Today
At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- If a Samsung Electronics Employee with a 100 Million Won Salary Receives a 600 Million Won Performance Bonus, Taxes Total 247.19 Million Won
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- "White House Blocks Repatriation of 'Ebola-Infected' Doctor... Ultimately Transferred to Germany"
- "4.15 Million Won Prada Jacket Shows White Spots After One Wear"...Korea Consumer Agency Orders Full Refund
The FKI plans to address the agenda, including the absorption and integration of KERI, at the general meeting scheduled for the end of next month. Although the four major groups withdrew from the FKI following the Park Geun-hye government’s political scandal, they have remained members of KERI in formality.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
