SEOUL, June 13 (Korea Bizwire) – The number of self-employed South Koreans in their 30s has been on a steady rise since late last year as a prolonged economic slump forces more young people to set up one-man operations instead of finding jobs, a report showed Monday. According to the report by the Korea Labor [...]
SEOUL, June 10 (Korea Bizwire) – Large retail and distribution companies are rapidly expanding their presence in the manufacturing industry through M&A or Private Brands (PB). The rationale behind this phenomenon is that integrated management from planning and manufacturing to distribution of products saves costs and exerts greater influence in the market. Lotte Department Store launched [...]
SEOUL, June 10 (Korea Bizwire) – South Korean investors are piling into high-yield corporate bonds with relatively high risk in search of bigger returns as the country’s interest rates are at rock bottom, sources said Friday. Trading of these so-called mezzanine bonds have recently been active as investors are drawn to debt that offers a higher [...]
SEOUL, June 8 (Korea Bizwire) – Statistics Korea revealed Tuesday that it’s developing what it calls a ‘quick-time consumption index’ based on civilian credit card approval information provided by the Credit Finance Association (CFA). The new index will use big data related to credit card approval information from eight domestic credit card companies, and is [...]
SEOUL, June 6 (Korea Bizwire) – South Korea’s weakening export growth may hurt the country’s growth by 0.2 percentage point this year as global demand remains sluggish and uncertainties involving a possible U.S. rate hike this month remain high, a parliamentary agency said Monday. The country’s weak export growth will continue to weigh on its [...]
SEOUL, June 4 (Korea Bizwire) – A recent study found that the rate of increase for office rents in Seoul was the second-highest in Asia, among 19 major cities. According to a study conducted by major U.K. real estate consulting corporation Knight Frank, rents in Seoul during this year’s first quarter increased by 2.6 percent compared [...]
SEOUL, June 3 (Korea Bizwire) – Korea’s unyielding economic slump and more frequent corporate restructuring are driving employees to quickly prepare for a hazy future. These employees are referred to as saladents – a portmanteau of the words salaryman and student. According to a retail industry watcher, Hyundai Home Shopping generated 30 billion won in [...]
SEOUL, June 2 (Korea Bizwire) – “The consumer market in Korea is high developed, so I believe Korea’s services sector is the most promising,” stated Stefan Zuschke, the president of BC Partners. “If I invested in a Korean business, I would invest in one of Korea’s IT corporations,” claimed VSS executive director Christopher Russell. And [...]
SEOUL, June 2 (Korea Bizwire) – The latest overseas investment bank (IB) analysis noted that Korea’s surging debt – household and corporate – is degrading its potential for economic growth. And with its aging society and poor foreign conditions, the gap between Korean and global economic growth rates will likely expand. One of the IBs, [...]
SEOUL, June 1 (Korea Bizwire) – A Korean version of the NASDAQ Private Market is expected to launch before the end of the year. According to industry analysts, the Korea Financial Investment Association (KFIA) plans to present what it calls an ‘over-the-counter transaction platform for professional investors’. It plans to revitalize the pre-IPO market by providing [...]