Company Monitor – Akzo Nobel in South Korea
The Company Monitor analyzes the performance of Ahold, Unilever, Philips and Akzo Nobel in six countries. The surveyed companies were chosen based on three criteria: operate in different countries, in various sectors and be known to the Dutch public. For five years these companies were monitored in developing countries, noting aspects of rights and labor relations, in addition to working conditions. The central issue is to verify that in this period there was no improvement in the situation of workers.
Akzo Nobel's presence in South Korea
Akzo Nobel branched out into South Korea in 1986 and initially focused on import and sales of Akzo Nobel products. After the 1997-crisis, Akzo Nobel extended its operating field through various mergers and acquisitions (M&A). Of the total of 7 local Akzo Nobel affiliates, 5 were founded after 1997. In 2002, 425 employees were employed at Akzo Nobel in South Korea. Annual sales exceed US $210 million.