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Louis Vuitton, Chanel and Hermes, three of the most popular foreign luxury goods brands here, made headlines last week when they were found to have earned hundreds of millions of dollars in profit in Korea last year only to send most of it to their headquarters abroad. According to their audit reports compiled and released by the Financial Supervisory Service, however, the three made no or little social contributions in Korea. ....
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....