Korean manufacturers face bleakest profit outlook since pandemic

Contributing sentiments towards policy:

58% : Only 5.2 percent reported relief in regulatory conditions.
51% : As the National Assembly has been pushing for various business bills, 50.5 percent of manufacturers identified potential corporate tax hikes as their top concern, followed by 40.6 percent citing stricter corporate regulations under the Commercial Act and Fair Trade Act revisions.
51% : It warned that imposing additional tax or regulatory burdens, coupled with already high material and financing costs, could dampen investment and hinder economic recovery.
43% : "South Korean companies are enduring multifaceted risks at once, from tariff pressures to weak domestic demand and surging costs, amid rapid changes in the domestic and international political and economic environments this year," said Kim Hyun-soo, head of the economic policy team at KCCI.
43% : " The KCCI also called for two-track support measures, providing bold incentives such as tax credits and subsidies for high-tech sectors like semiconductors, while supporting struggling industries like steel and petrochemicals through special legislation aimed at restoring competitiveness.

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