SEOUL, Dec. 1 (Korea Bizwire) — South Korea’s five major automakers reported another month of declining global sales in November, underscoring continued weakness in both domestic demand and overseas markets amid a broader economic slowdown. Hyundai Motor, Kia, GM Korea, Renault Korea and KG Mobility sold a combined 668,991 vehicles worldwide last month, down 3.9 percent [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s largest companies have expanded their executive ranks more than three times faster than their employee headcounts over the past five years, widening internal hierarchies even as some industries shed staff, a new analysis shows. According to data released Nov. 25 by corporate research firm Leaders Index, 331 major [...]
SEOUL, Nov. 16 (Korea Bizwire) – Sales of mini cars by South Korea’s five automakers are expected to remain below 100,000 units for a second consecutive year in 2025, industry data showed Sunday, amid a lack of new models and shifting consumer preferences. From January to October, the five carmakers — Hyundai Motor Co., Kia [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s venture investment market showed clear signs of recovery this year, with both venture investments and fund formation rising by double digits through the third quarter, government data showed Thursday. According to the Ministry of SMEs and Startups, total venture investment reached 9.8 trillion won (US$7.1 billion) between January [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s five largest business groups now make up more than half of the country’s total stock market capitalization, reflecting the scale of their influence amid a sharp rally in equities this year. The combined market value of listed affiliates under Samsung, SK, Hyundai Motor, LG and HD Hyundai accounted [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korean companies’ operating profitability relative to their assets has nearly halved over the past two decades, a report showed Monday. According to the report by the Korea Chamber of Commerce and Industry (KCCI), the operating return on assets (OROA) of the country’s top 1,000 companies by sales fell [...]
SEJONG, Nov. 3 (Korea Bizwire) – Online shopping sales in South Korea increased 13.3 percent from a year earlier to a record high for any September, driven by strong sales of Tesla vehicles and rising demand for food services, data showed Monday. The value of online shopping transactions stood at 23.79 trillion won (US$16.61 billion) [...]
SEOUL, Oct. 13 (Korea Bizwire) — Nearly 70 percent of South Korean workers believe it is difficult for women to become corporate executives, reflecting persistent gender inequality in the country’s workplace culture, according to a new survey. The poll, conducted by labor rights group Workplace Gapjil 119 and research firm Global Research, surveyed 1,000 employees nationwide [...]
South Korea’s Electric Vehicle Fleet Surpasses 800,000 as Green Transition Accelerates SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s shift toward eco-friendly mobility is gathering pace, with the country’s electric vehicle (EV) registrations surpassing 820,000 as of August, government data showed Thursday. According to the Ministry of Land, Infrastructure and Transport, a total of 822,081 electric [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s imports of coffee beans jumped sharply from a year earlier in 2024, with imports this year widely expected to reach an all-time high, customs data showed Thursday. Imports of coffee beans, including both raw and roasted products, came to US$1.24 billion last year, up 13 percent from $1.1 billion the previous year, [...]