SEOUL, Jul. 26 (Korea Bizwire) — Coupang Inc., a major e-commerce company, has been dealt a series of blows over the past two months, including controversy over whether it is a Japanese company and problems with customer orders. Critics point out that while Coupang grew at a rapid pace over the years, it was not [...]
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 [...]
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 [...]
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 [...]
SEOUL, Aug. 20 (Korea Bizwire) — According to government data, the number of new restaurants is almost the same of the number of restaurants that are shutting down. Last year, the number of restaurants that closed down was the highest in six years in terms of the ratio of new openings versus those going out [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s cross-border mergers and acquisitions (M&A) in the ICT sector accounted for 15.7 percent of all such M&As, falling behind other major technology-driven countries, a report from the Institute for International Trade showed Monday. According to the report, 16.2 percent of all M&As around the globe last year [...]
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 [...]
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 [...]
SEOUL, Feb. 9 (Korea Bizwire) – Perhaps in line with recent allegations outlining the role of major South Korean conglomerates in the current political scandal, a survey by Edelman Korea revealed that the level of confidence in business among Koreans ranked the lowest among 28 key global players that included the U.S., China, and Japan. [...]
SEJONG/SEOUL, Dec. 15 (Korea Bizwire) – South Korea’s finance minister said Thursday that Asia’s fourth-largest economy has strong economic and financial fundamentals to overcome the current headwinds stemming from the domestic political turmoil and a global economic slowdown. The recent political turbulence sparked by the impeachment of President Park Geun-hye is feared to weigh on [...]