SEOUL, Feb. 16 (Korea Bizwire) – A recent study conducted by Samsung Electronics highlights the significant amount of time Europeans spend contemplating household tasks, amounting to approximately 86% of the actual time dedicated to performing these chores. The survey, which involved 6,066 participants from countries including the U.K., France, Germany, Spain, Italy, and Poland, revealed that [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korea’s exports fell nearly 15 percent on-year in the first 10 days of February due mainly to fewer working days, but sales of semiconductors soared more than 40 percent, data showed Tuesday. Outbound shipments reached US$15.01 billion in the Feb. 1-10 period, compared with $17.57 billion tallied a [...]
SEJONG, Feb. 7 (Korea Bizwire) – Over the past three months, large corporate groups in South Korea, each with assets exceeding 5 trillion won, have been active in expanding their presence in advanced industries, acquiring or establishing eight companies in sectors such as semiconductors and secondary batteries. The real estate development and construction sectors also saw [...]
SEOUL, Feb. 1 (Korea Bizwire) – A unified labor union encompassing four Samsung affiliates is poised for its official launch, signaling a significant development in the conglomerate’s labor relations. The integrated union held its first general assembly on January 31, marking an internal launch with the revision of regulations. The participating unions include employees from Samsung [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s output from the manufacturing sector fell by the most in 25 years in 2023 due mainly to weak demand for semiconductors amid an industry downcycle, data showed Wednesday. Retail sales and investment also tumbled last year amid high interest rates and inflationary pressure, and concerns linger over weak domestic [...]
SEOUL, Jan. 31 (Korea Bizwire) – In South Korea, a significant talent drought in cutting-edge industries has been exacerbated by an increasing number of students flocking to medical schools. Semiconductor industry analysts, in particular, have voiced concern that the shortage of skilled workers is reaching a critical level, endangering the very existence of some companies. The [...]
SEOUL, Jan. 15 (Korea Bizwire) — President Yoon Suk Yeol said Monday that a semiconductor industry cluster being built outside Seoul is expected to create at least 3 million jobs over the next 20 years. Yoon made the remark during a policy debate held at Sungkyunkwan University’s Natural Sciences Campus in Suwon, 30 kilometers south [...]
SEJONG, Jan. 11 (Korea Bizwire) — South Korea’s semiconductor exports are anticipated to continue to lead the overall recovery in outbound shipments this year amid higher memory chip prices, the industry minister said Thursday. “South Korea’s chip exports experienced a rebound last year despite the global economic slump and the sluggish semiconductor industry, laying the [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea’s industrial output inched up in November on a solid increase in the production of the semiconductor sector, data showed Thursday. Industrial production rose 0.5 percent on-month last month after a 1.8 percent decline logged a month earlier, according to the data compiled by Statistics Korea. Compared with [...]
SEOUL, Dec. 27 (Korea Bizwire) — Most South Korean manufacturers expect their business conditions to worsen in the first quarter of 2024 due to sluggish domestic demand and high material costs, a poll showed Wednesday. A survey of 2,156 manufacturing firms nationwide put the business sentiment index (BSI) at 83 for the January-March period, down [...]