SEOUL, Jul. 24 (Korea Bizwire) — The South Korean stock markets will be open for 30 more minutes starting in August, the bourse operator said Sunday, in a bid to add more vitality to the securities industry. Starting Aug. 1, the markets for stocks and gold will close at 3:30 p.m., 30 minutes later than [...]
SEOUL, Jul. 24 (Korea Bizwire) – South Korea’s Hanwha Group on Sunday said its ranking on the list of the top 500 companies compiled by the U.S. business magazine Fortune shot up in 2016 from a year earlier, apparently helped by its merger and acquisition deals. The defense and chemical conglomerate was placed in the [...]
SEOUL, July 4 (Korea Bizwire) – More than half of the young jobseekers in Korea are preparing for some kind of examination, particularly the civil service examinations. Most ‘lucky’ new hires who have started careers at large companies as permanent employees tend to stay in their jobs, whereas half of the new employees hired on temporary [...]
SEJONG, July 1 (Korea Bizwire) – More young Koreans ended up working unskilled labor and temporary contract jobs last year. Employment figures show that many young people of working age even accepted employment opportunities that were far below their qualifications and capabilities. According to a recently published report entitled “Recent Employment Trend of Younger Generation and [...]
SEJONG/SEOUL, June 28 (Korea Bizwire) – South Korea’s finance ministry on Tuesday said it has trimmed its growth estimate for the year, while seeking to draw up a 10 trillion won (US$8.45 billion) extra budget to buttress Asia’s fourth-largest economy against headwinds such as a slump in domestic and overseas demand and, more recently, Britain’s [...]
SEOUL, June 26 (Korea Bizwire) – South Korea has come under growing pressure to take more aggressive budgetary and monetary measures after Britain’s decision to leave the European Union, officials and experts here said Sunday. The unexpected move has added to global market uncertainties and is fueling financial sector turbulence that is adversely impacting Asia’s [...]
SEOUL, June 26 (Yonhap) – The decision by Britons to pull out of the European Union (EU) could force British law firms out of South Korea’s legal market, local sources said Sunday. Such a step will be a setback for the legal firms that have been systematically gearing up to expand their presence in the [...]
SEOUL, June 24 (Korea Bizwire) – The South Korean government said Friday it has revised down the annual economic growth outlook by 0.3 percentage point to 2.8 percent, in the face of sluggish global economic conditions and troubles facing certain industries. During a meeting with the ruling Saenuri Party, government policymakers said growth is expected [...]
SEOUL, June 17 (Korea Bizwire) – While investigations into Lotte Group, one of Korea’s top five conglomerates, regarding slush funds are marring its reputation, the “skyscraper curse”, a popular belief that a country or a company that constructs a skyscraper eventually confronts a mishap, is in the public eye. Construction on the second Lotte World (Lotte [...]
SEOUL, June 17 (Korea Bizwire) – South Korea’s salaried workers spent less on congratulatory and condolence money for weddings and funerals in the first quarter as they felt the pinch amid an extended economic slowdown, government data showed Friday. In the three months ended March 31, people spent an average of 250,127 won (US$214) to [...]