La Chambre

Results of the Business Confidence Survey 2015 are out!

Le 11/03/2016

On March 8, representatives of 11 European chambers and business councils including FKCCI, Roland Berger Ltd., and local English media participated in the Business Confidence Survey 2015 presentation session hosted at Seoul Square. Overall, European companies viewed Korea as an important market, and more than half of the respondents had plans to expand their business operations in 2016. Yet, they still faced some difficulties in the area of competition and labour cost.

For the second year, the survey has been conducted to gauge European companies’ perceptions towards the business environment of Korea. In partnership with Roland Berger, 11 European chambers and business councils collectively organized the survey.

A total of 139 companies representing 35,000 employees and EUR 60 million turnover participated in the survey held in November 2015. The company profile included 9 industries, diversely ranging from services to manufacturing to provide an unbiased viewpoint. Of the respondents, 68.3% have operated in Korea for more than a decade.

Christoph Heider, Secretary General of European Chamber of Commerce in Korea (ECCK) led the opening of the event, touching upon the significance of the survey as a medium to deliver a message to the public and receive direct feedback from relevant counterparts.

Soosung Lee, Managing Partner of Roland Berger, and Huntaek Jung, Principal of Roland Berger, presented the key analysis and findings of the Business Confidence Survey 2015.

Overall, European companies viewed Korea as an important market, and more than half of the respondents had plans to expand their business operations in 2016. Yet, they still faced some difficulties in the area of competition and labour cost.

Similar to 2014, companies pinpointed the biggest challenge to be domestic and international economy. In order to increase performance, rule of law and transparent policy-making implementation were the most paramount, followed by fair competition and productivity growth. Finally, the discretionary enforcement of regulation stood out as the key obstacle for foreign companies operating in Korea.

To check out the detailed results, please go on your Member or Non-Member registration space! In French/ Korean