business Archives | Be Korea-savvy
83 pct of Companies Utilizing Public Data Hire More Workers

83 pct of Companies Utilizing Public Data Hire More Workers

SEOUL, Jun. 26 (Korea Bizwire) — Most companies that use public data to do business have been able to expand employment. According to a survey conducted by the Ministry of the Interior and Safety on Tuesday, 665 out of 803 companies that use public data, or 82.8 percent, cited “expansion of employment” as their most [...]

Despite Increasing Trade Tensions Business Confidence in Asia Pacific Remains High

Despite Increasing Trade Tensions Business Confidence in Asia Pacific Remains High

PORT MORESBY, Papua New Guinea, Nov. 15 (Korea Bizwire) —  Business leaders across Asia Pacific remain confident that their companies revenues will grow over the next 12 months despite increasing trade frictions. In its latest survey of 1189 business leaders across the 21 Asia-Pacific Economic Cooperation (APEC) economies, PwC found that 35% were very confident [...]

Gov’t to Reassess Reduction in Working Hours, Ways to Boost Economy

Gov’t to Reassess Reduction in Working Hours, Ways to Boost Economy

SEOUL, Oct. 23 (Korea Bizwire) – The government will come up with measures to improve a recently implemented shorter workweek, a presidential official said Tuesday, signaling possible changes to the mandatory reduction in working hours that many say is causing problems for both businesses and workers. The official made the remark after a meeting of [...]

New Life Insurance Regulations Give Foreign Companies an Edge

New Life Insurance Regulations Give Foreign Companies an Edge

SEOUL, Aug. 23 (Korea Bizwire) — A report released on August 22 ranking the fourteen major life insurance companies by risk-based capital ratios showed four of the top five places occupied by foreign companies. Samsung Life Insurance held down second place with a 331.8 risk-based capital ratio (RBC), followed closely by Lina Life Insurance with [...]

Efforts to Support Social Enterprises Come to Fruition in Korea

Efforts to Support Social Enterprises Come to Fruition in Korea

SEOUL, Mar. 7 (Korea Bizwire) – Social enterprises that put people before profits have achieved great results, according to the Seoul Institute. A recent report conducted by Seoul Institute researcher Jo Dal-ho measured the achievements of social enterprises in Seoul and revealed the economic support from both the government and the private sector saw social enterprises [...]