SEOUL, Nov. 19 (Korea Bizwire) — Social contributions by South Korea’s 500 largest companies jumped more than 30 percent in 2017 thanks to more favorable political and other conditions, a report said Monday. Out of the top 500 firms by sales, 198 businesses contributed a combined 2.7 trillion won (US$2.4 billion) to social activities last [...]
SEOUL, Sept. 10 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chipmaker, is said to be set on building a general hospital in Wuxi, a city in Jiangsu Province, home to a factory operated by the South Korean semiconductor giant. According to industry insiders, SK hynix CEO and Vice Chairman Park Sung-wook recently [...]
SEOUL, Aug. 29 (Korea Bizwire) — Huawei, the world’s largest manufacturer of telecommunications devices, will expand its corporate social responsibility (CSR) program ahead of the formal adoption of 5G smartphone devices by local telecommunication operators. Huawei announced yesterday that it had carried out “Korea Seeds for the Future,” a program aimed at nurturing local Information [...]
SEOUL, May 15 (Korea Bizwire) — GM’s Chevrolet announced the launch of its “Never Give Up” campaign yesterday. Starting this month, a single car will be donated for every 1,000 vehicles sold as part of the campaign. Barry Engle (president of GM International), Kaher Kazem (president and CEO of GM Korea), Yoo Jeong-bok (mayor of [...]
SEOUL, Apr. 18 (Korea Bizwire) — LG Electronics Inc. said Wednesday it plans to help 1,000 visually impaired Indians receive surgery by the end of this year, in line with its commitment to make contributions to the South Asian country. The South Korean tech giant, which first tapped the Indian market some 20 years ago, [...]
SEOUL, Jan. 11 (Korea Bizwire) — Netmarble Games said Thursday it will launch a foundation this month to contribute to society. Netmarble will be the third online game developer in South Korea to establish a foundation to support social welfare efforts after NCsoft Corp. and Smile Gate. “We’ve decided to launch a foundation to enhance [...]
SEOUL, Aug. 23 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it introduced three buses equipped with IT facilities in Myanmar to provide underprivileged children with educational programs. The South Korean tech giant first introduced “Samsung Mobile Education Bus” in Myanmar in 2015. The company said the new buses are equipped with a class room [...]
SEOUL, Jul. 20 (Korea Bizwire) — SK Group will take steps to boost domestic consumption, including encouraging its employees to take long vacations and facilitate growth of subcontractors, corporate sources said Thursday. CEOs of the group’s key subsidiaries met in Seoul on Tuesday where they discussed enhancing work effectiveness and contributing to spurring local demand, [...]
SEOUL, Jun. 20 (Korea Bizwire) — The head of SK Group, South Korea’s third-largest conglomerate, stressed on Monday a need for his firm to play a bigger role in “sharing the profit” with smaller companies, in an apparent move to be in step with the new government’s policy drive. “SK should feel deeply responsible for, [...]
SEOUL, April 25 (Korea Bizwire) – Hyundai Motor Group’s Gift Car Campaign, a program to help those in financial need through free car donations, has turned out to be a great success. Looking back at the five years since the campaign launched, the company discovered that the average debt of 199 applicants dropped from [...]