A new report indicates large foreign companies operating in South Korea pay dividends to their head offices which exponentially exceed donations to local charities.
The firm CEO Score analyzed dividend and donation trends of over 400 firms in the country belonging to the top 500 in terms of revenue.
Forty-four foreign firms surveyed were found to have paid almost 76 percent of their earnings to shareholders in dividends, with nearly two-point-seven trillion won out of their combined net profit of three-point-five trillion transferred to their head offices
That's more than three times the 23-point-six percent average for large South Korean companies.
Meanwhile, corporate donations in proportion to sales recorded were zero-point-12 percent for large Korean firms and zero-point-05 percent for large foreign firms.
That means foreign businesses donated some 60 billion won out of their combined sales of nearly 116 trillion.