SEOUL, Feb. 18 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong received the largest amount of dividends in South Korea last year, a corporate data tracker said Tuesday. Leaders Index surveyed 560 companies, which provided dividends in the form of cash and cash equivalents to their shareholders in 2024 to count up their overall [...]
JEJU, South Korea, Feb. 17 (Korea Bizwire) — Scientists in Jeju are making strides in developing artificial breeding technology for mackerel, aiming to bolster sustainable aquaculture practices and reduce dependence on wild-caught juveniles. The Jeju Marine and Fisheries Research Institute announced on Monday that mackerel hatched through artificial insemination last August have grown to approximately 110 [...]
SEOUL, Feb. 17 (Korea Bizwire) — If the Trump administration moves forward with tariffs on the automotive sector, South Korea and Japan are expected to be among the hardest-hit nations outside North America, according to industry analysts. A report from CNBC on February 13, citing consulting firm GlobalData, highlighted that South Korea and Japan accounted [...]
SEOUL, Feb. 17 (Korea Bizwire) — Kia Corp., South Korea’s second-largest carmaker, said Monday it will participate in the International Defence Exhibition & Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles. IDEX 2025, the Middle East’s largest defense industry trade show, is set to open on Monday (local [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s fresh fruit imports reached an all-time high in 2024, surpassing $1.4 billion for the first time, driven by rising domestic fruit prices and increased demand for imported alternatives. According to the Korea Rural Economic Institute (KREI), imports of 12 major fresh fruits amounted to $1.447 billion (approximately [...]
SEOUL, Feb. 17 (Korea Bizwire) — Major South Korean business lobby groups are preparing to send delegations to the United States in the near future for discussions on bilateral economic cooperation under the second Donald Trump administration, according to industry observers Monday. A business delegation led by Chey Tae-won, chairman of SK Group and the [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korean financial authorities have unveiled plans to reform project financing (PF) regulations, significantly relaxing the strict completion guarantee requirements that construction companies have long argued were excessively burdensome. According to financial authorities, the Financial Services Commission (FSC) shared a draft of improved completion guarantee guidelines with about 40 representatives [...]
SEOUL, Feb. 17 (Korea Bizwire) — The South Korean Financial Supervisory Service (FSS) announced on February 16 that investors will now be able to confirm dividend amounts before investing in quarterly dividends, following recent regulatory changes. The amendment to the Capital Markets Act, which took effect this year, removed provisions that had fixed quarterly dividend record [...]
SEJONG, Feb. 17 (Korea Bizwire) — South Korea and the Czech Republic held a high-level bilateral supply chain and energy dialogue (SCED) Monday, as the two sides seek to deepen cooperation in various sectors, including trade, eco-friendly energy and nuclear power plants, Seoul’s industry ministry said. Industry Minister Ahn Duk-geun and his Czech counterpart, Lukas [...]
SEOUL, Feb. 17 (Korea Bizwire) — A new analysis has revealed that South Korea’s large companies offer significantly higher wages and wage growth rates compared to their counterparts in Japan and the European Union. According to a report released February 16 by the Korea Enterprises Federation (KEF), the annual total wages at large Korean companies, excluding [...]