SEOUL, June 22 (Korea Bizwire) — South Korea’s major firms saw their earnings nearly double to hit a 20-year high in 2021, despite the prolonged coronavirus pandemic, a corporate tracker said Wednesday. The combined bottom line of the country’s leading 1,000 companies by sales stood at 127.1 trillion won (US$98 billion) last year, up 99.6 [...]
SEOUL, June 8 (Korea Bizwire) — More than 7 in 10 large South Korean companies are allowing their employees to work from home even after the government removed most anti-coronavirus curbs over a month ago, a poll showed Wednesday. The survey of the country’s leading 100 firms by sales, taken by the Korea Enterprises Federation [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s major listed firms saw their sales jump more than 16 percent to an all-time high in 2021 despite the prolonged coronavirus pandemic, a corporate tracker said Thursday. The combined top line of the country’s leading 1,000 companies by sales stood at 1,734 trillion won (US$1.35 trillion) last [...]
SEOUL, Jan. 12 (Korea Bizwire) — Major listed companies in South Korea have sharply increased their disposal of treasury shares over the past three years due mainly to efforts to boost their stock prices, a corporate tracker said Wednesday. A total of 129 listed firms retired or distributed to executives treasury shares worth 4.51 trillion [...]
SEOUL, Nov. 23 (Korea Bizwire) — Large South Korean companies have cut their combined workforce by more than 1 percent over the past two years amid the coronavirus pandemic, a corporate tracker said Tuesday. The number of workers hired by 313 out of the country’s top 500 firms by sales came to 1.24 million as [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s large companies have cut their greenhouse gas emissions by more than 9 percent over the past two years in an effort to cope with global environmental regulations, a corporate tracker said Wednesday. The volume of greenhouse gases emitted by 197 big businesses in Asia’s fourth-largest economy came [...]
SEOUL, Sept. 15 (Korea Bizwire) — Large South Korean companies’ ability to service their debts improved sharply in the first half of the year amid the coronavirus pandemic, a corporate tracker said Wednesday. The interest coverage ratio for 259 out of the country’s top 500 firms averaged 10.3 as of end-June, compared with 4.3 a [...]
SEOUL, June 16 (Korea Bizwire) — Sales of South Korean large firms’ Chinese units have tumbled nearly 28 percent over the past four years due to a bilateral row over the deployment of an advanced U.S. missile defense system here and other reasons, a corporate tracker said Wednesday. According to CEO Score, 320 Chinese production [...]
SEOUL, May 26 (Korea Bizwire) — Large companies in South Korea cut their workforce nearly 1 percent in 2020 from a year earlier in the wake of the coronavirus pandemic, a corporate tracker said Wednesday. According to CEO Score, 309 out of the country’s top 500 corporations had a combined headcount of 1,203,835 as of [...]
SEOUL, Nov. 20 (Korea Bizwire) — Big businesses in South Korea are taking preemptive steps to brace for tougher social distancing due to a recent surge in new coronavirus cases, sources said Friday. Seoul on Thursday raised its five-tier social distancing scheme by one notch in the greater Seoul area and some other areas where [...]