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Four major groups brace for tough year ahead
Posted : 2020-12-16 16:33
Updated : 2020-12-16 17:57
The heads of Korea s four biggest conglomerates toast each other at a government New Year event held at the Korea Chamber of Commerce and Industry in January this year. / Yonhap
By Kim Bo-eun
Samsung, Hyundai, SK and LG are spending the last weeks of the year finalizing key strategies for 2021. Given the COVID-19 pandemic is expected to continue for some time into next year, and local regulations that will squeeze businesses are set to be passed, the conglomerates are seeking opportunities amid what is expected to be a tough business climate.