SEOUL, Mar. 25 (Korea Bizwire) – A stark divide exists between the paychecks of top executives and ordinary employees at South Korea’s major conglomerates, with a new analysis revealing that executives earn on average more than 11 times the salary of regular workers. According to data compiled by Chaebul.com from the 2023 fiscal year business reports [...]
SEOUL, Mar. 22 (Korea Bizwire) – Jensen Huang, the chief executive of Nvidia, made a notable appearance at Samsung Electronics’ booth during the annual GTC 2024 developers’ conference in San Jose, California. There, he left a handwritten signature on Samsung’s upcoming high-bandwidth memory chip, HBM3E, fueling expectations of a stronger partnership between the two companies. On [...]
JEONJU, Mar. 22 (Korea Bizwire) – The Rural Development Administration (RDA) of South Korea has announced the development of a cryopreservation technology that allows for the long-term storage of pear tree genetic resources at ultra-low temperatures. The key to this technology is preserving genetic material in liquid nitrogen at an extreme low temperature of minus 196 [...]
SEOUL, Mar. 21 (Korea Bizwire) – A recent survey has revealed that 4 out of 10 households in South Korea have family members, primarily children, who do not consume kimchi, the traditional dish of fermented vegetables. As households increasingly rely on store-bought kimchi, there is a growing demand for clearer labeling regarding levels of spiciness and [...]
SEOUL, Mar. 21 (Korea Bizwire) — South Korea’s exports rose 11.2 percent on-year in the first 20 days of March on surging global demand for semiconductors, data showed Thursday. Outbound shipments reached US$34.13 billion in the March 1-20 period, compared with $30.69 billion tallied a year earlier, according to the data from the Korea Customs [...]
SEOUL, Mar. 21 (Korea Bizwire) — Industry Minister Ahn Duk-geun said Thursday the government will proactively support the semiconductor industry, and accelerate the development of high-bandwidth memory and artificial intelligence chips to achieve the annual export target of US$120 billion. “The government will support the timely establishment of related infrastructure, secure competitive technologies, promote exports, [...]
SEOUL, Mar. 21 (Korea Bizwire) – The number of outside directors working for South Korea’s 50 largest corporate groups surpassed 1,000 last year, with nearly 90 individuals serving on the boards of two separate companies, according to a report released on Monday. The Korea CXO Institute, a corporate analysis firm, found that among the top 50 [...]
SEOUL, Mar. 20 (Korea Bizwire) — South Korea posted a trade surplus in intellectual property rights (IPRs) in 2023, partly due to trade surplus in copyrights, central bank data showed Wednesday. The country’s cross-border IPR trade surplus stood at US$180 million last year, compared with a shortfall of $1.11 billion a year earlier, according to [...]
SEOUL, Mar. 20 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips, said Wednesday that macroeconomic uncertainties are expected to be high this year but vowed to embrace a new opportunity in the rise of artificial intelligence (AI). “Although uncertainties in the macroeconomic environment are expected to be high this year, [...]
SEOUL, Mar. 20 (Korea Bizwire) – POSCO Holdings, a major South Korean steelmaker listed on the KOSPI index, has seen a precipitous drop in foreign shareholdings over the past year, as global investors grow increasingly wary of the company’s climate impact and carbon footprint. According to data from the Korea Exchange, foreign ownership of POSCO Holdings [...]