SEOUL, Dec. 20 (Korea Bizwire) – Amid growing concerns over domestic consumption following the December 3 martial law crisis, small business owners and self-employed workers are reporting devastating impacts on what should be their peak season for sales. A post titled “December Sales Have Gone Crazy Due to National Crisis” appeared on December 18 in an [...]
SEOUL, Dec. 4 (Korea Bizwire) — Major South Korean conglomerates kept busy Wednesday trying to evaluate their business conditions amid uncertainties in the wake of a short-lived declaration of emergency martial law that sent ripples through the financial market. Key players in the business sector, including Samsung Group, SK Group and LG Group, held emergency [...]
SEOUL, Nov. 29 (Korea Bizwire) – Despite the government’s initiatives to boost corporate value, the return on equity (ROE) of South Korea’s top companies has plummeted over the past three years, with average ROE nearly halving. ROE, a critical metric for evaluating value enhancement, measures net income relative to shareholder equity, reflecting how effectively a [...]
SEOUL, Nov. 25 (Korea Bizwire) — The business presence of South Korean companies in China has withered palpably in recent years amid toughened competition from local rivals and sluggish domestic demand in the neighboring country, according to industry watchers Monday. In September, LG Display Co. sold its liquid-crystal display (LCD) factory in China’s Guangzhou to [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s business community has submitted formal concerns to the U.S. Treasury Department regarding Washington’s policy to restrict American investments in China’s advanced technology sector, sources said Friday. According to the sources, the Korea Chamber of Commerce and Industry (KCCI) sent a letter to the department on Aug. 4 [...]
SEOUL, Aug. 1 (Korea Bizwire) – Over half of South Korea’s leading corporations have failed to launch a single new business venture in the past five years, according to a recent study. Even Samsung Electronics, the country’s largest conglomerate, has not added any new business objectives to its portfolio in the last decade. A report released [...]
SEOUL, Jul. 25 (Korea Bizwire) – The number of small businesses shutting down on South Korea’s Jeju Island has increased significantly in recent years, according to local authorities. Data from the Jeju Credit Guarantee Foundation shows a steady uptick in business closures among its clients: 1,706 in 2023, 965 in 2022, 723 in 2021, and 618 [...]
SEOUL, Jul. 8 (Korea Bizwire) — Nine out of 10 large companies in South Korea plan to maintain or increase their investments in the second half of the year, despite challenges such as prolonged high interest rates, a weak local currency and international uncertainties, a survey showed Monday. In the survey conducted by Mono Research, [...]
SEOUL, Jun. 27 (Korea Bizwire) — South Korea’s business sentiment improved for a fourth consecutive month in July amid a steady recovery in exports, which offsets a slowdown in private spending, a central bank poll showed Thursday. Local companies’ business sentiment index (BSI) stood at 93.1 for the coming month, up from 91.8 the previous [...]
SEOUL, Jun. 4 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport said Tuesday it will host a forum this week to explore opportunities for South Korean companies to invest and do business in Africa, as part of efforts by Seoul to advance economic ties with the region. The 2024 Korea-Africa Infrastructure Forum will [...]