Well, this isn’t good news for The Hub

by Robert Koehler on July 27, 2006

A Gallup Korea poll revealed that four in five foreign executives of multinational in Korea wouldn’t consider setting up regional headquarters in the country, with the labor environment topping the list of concerns.

{ 4 comments… read them below or add one }

1 sanshinseon July 27, 2006 at 10:46 am

Predictable. All these years, and Korea hasn’t gotten handle on developing a reasonable and productive labor movement yet… that is sad.

2 dda July 27, 2006 at 11:52 am

Labour laws – which only apply to foreign companies, of course :-) ; business practices; housing; schooling – let’s not start again that thread; weather – what kind of higher management dude wants to spend deliberately months in sub-zero weather; financial flexibility – repatriation of monies earned, taxation, etc. These are the arguments I have often heard while managing the French Chamber.

The cost of living argument is dubious though, since regional hubs are mainly in HK and S’pore, with a few in Japan, not exactly cheap cities. It is true though that the cost/quality ratio is on the low side of things. Regional HQs usually have lots of expats, and you don’t generally attract these people with sub-zero temps and crappy living conditions – that is, in comparison with what other countries have to offer…

3 Brendon Carr July 27, 2006 at 12:47 pm

Well, to be fair, the weather is something completely beyond control of the Hub boys.

4 Rick August 1, 2006 at 11:57 am

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