Live Breaking News & Updates on Porsche Aktiengesellschaft

Stay updated with breaking news from Porsche aktiengesellschaft. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Import car firms accused of sending 'excessive' dividends to headquarters

The Korean offices of foreign car manufacturers are found to have sent their entire net profits and sometimes even more as dividends to their overseas head offices last year, instead of investing in facilities and hiring more personnel in the country, government data showed Tuesday. There are no legal issues with the transfer of dividends to their headquarters, although excessive dividend payouts can lead to deterioration of the financial soundness of domestic branches as they significantly reduce investment capabilities in Korea. ....

South Korea , F Porsche Aktiengesellschaft , Shing Hong , Volkswagen Group Korea , Germany Volkswagen Group , Star Auto Holdings , Mercedes Benz Rd Korea Center , Electronic Disclosure System , Financial Supervisory Service , Mercedes Benz Korea , Hong Kong Based Lei Shing , Benz Korea , Porsche Aktiengesellschaft , Porsche Korea , Group Korea , South Korea , He Korea Times , Orea Times , Orean News In English ,