SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s gaming industry saw a stark divide in financial performance for 2024, with companies’ fortunes hinging on the success of their overseas ventures. While Nexon and Krafton cemented their dominance, NCSoft faced restructuring, and Netmarble showed signs of recovery after years of losses. According to year-end earnings reports released [...]
SEOUL, Feb. 12 (Korea Bizwire) — LG Electronics is continuing its tradition of celebrating employees’ children entering school by providing laptops and school supplies, reinforcing its commitment to work-life balance and family support. Since launching the initiative in 2021, LG Electronics has gifted approximately 22,000 laptops over the past five years. Employees can request a [...]
SEOUL, Oct. 27 (Korea Bizwire) – The market capitalization gap between Samsung Electronics Co. and SK hynix Inc. marked the lowest level in 13 years as of Friday, the main stock exchange said Sunday. Samsung Electronics’ market capitalization accounted for 15.85 percent, or 333.7 trillion won (US$240 billion), of the overall value of stocks listed [...]
SEOUL, Oct. 25 (Korea Bizwire) – In a sign of mounting challenges for the world’s largest coffee chain, Starbucks has withdrawn its fiscal 2025 outlook amid declining sales and profitability concerns that span from its U.S. home market to South Korea. The coffee giant reported disappointing preliminary fourth-quarter results on October 22, with global revenue falling [...]
SEOUL, Aug. 10 (Korea Bizwire) – In a significant move to address pressing social issues, the Korea Chamber of Commerce and Industry (KCCI) announced on August 9 that it will host the inaugural Korea Social Value Festa on September 12 at COEX in Seoul’s Gangnam district. The event, which aims to bring together government, private sector, [...]
SEOUL, Aug. 4 (Korea Bizwire) – LG Electronics celebrated the graduation of students from its LG-KOICA Hope Vocational Training School in Phnom Penh on July 30, the company announced on August 4. The Hope Vocational Training School is an initiative by LG in collaboration with the Korea International Cooperation Agency (KOICA) to provide technical education for [...]
SEOUL, July 1 (Korea Bizwire) –Renault Korea Motors Co., the South Korean arm of Renault S.A., reported a notable 23.4% increase in its June sales, driven by a significant rise in exports. The company announced on Monday that it sold 9,002 vehicles last month, a considerable jump from the 7,297 units sold in the same [...]
SEOUL, May 30 (Korea Bizwire) – South Korea’s automakers led all industries in cash dividends paid to shareholders last year, reflecting a boom in exports and demand for eco-friendly vehicles even as a global chip slump weighed on technology giants. Listed companies distributed a total of 29.5 trillion won in cash dividends for 2023, up 3.3% [...]
SEOUL, March 17 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s biggest carmakers, have sold more than an accumulated 5 million eco-friendly vehicles in the global market over the past 15 years, company officials said Sunday. The two companies sold a total of 5.11 million units of eco-friendly cars, including hybrid electric [...]
SEOUL, Mar. 5 (Korea Bizwire) – A recent analysis conducted by Leaders Index, a corporate analysis research institute, revealed that a significant portion of the new outside director candidates proposed for the annual general meetings of South Korea’s top 30 conglomerates are former bureaucrats, with those from the prosecution and judiciary sectors accounting for over [...]