SEOUL, July 5 (Korea Bizwire) — South Korea’s top five business groups have seen their assets surge nearly 40 percent over the past decade, a corporate tracker said Tuesday, pointing to their ever-growing clout in Asia’s fourth-largest economy. The combined assets of the leading five — Samsung, SK, Hyundai Motor, LG and Lotte — came [...]
SEJONG, Dec. 2 (Korea Bizwire) — More listed units of South Korea’s major business groups have adopted electronic voting and other types of voting this year than a year earlier in a bid to promote small shareholders’ rights, the country’s antitrust regulator said Thursday. As of May, 78.8 percent of 274 listed affiliates of the [...]
SEOUL, March 9 (Korea Bizwire) — South Korea on Tuesday launched a new committee with business groups from chip and display industries aimed at cutting emissions of greenhouse gases, in line with the country’s vision to go fully carbon neutral by 2050. Under the ties with the Korea Semiconductor Industry Association and the Korea Display [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s 10 largest business groups have stressed such buzzwords as “customer, growth and global” in their New Year’s speeches, a corporate tracker said Thursday. The most frequently used word in their New Year’s speeches was customer (58 times), followed by growth (41 times) and global (35 times), according [...]
SEOUL, Jan. 27 (Korea Bizwire) – The number of people working for South Korea’s top 30 major business groups has increased 17 percent over the past five years, well higher than the average rise of 13 percent for the corporate sector, industry data showed Wednesday, indicating that the conglomerates helped ease the country’s prolonged labor [...]
SEOUL, July 5 (Korea Bizwire) – Nearly half of South Korea’s top 30 business groups reduced their workforces in 2014 due to sluggish business, data showed Sunday, despite the government’s effort to spur their employment. As of end-December, the combined workforce of the leading business groups came to 1.27 million, up a mere 0.6 percent, [...]
SEOUL, Oct. 31 (Korea Bizwire) – A central bank study said the combined loss of banks would be in the range of 14.5 trillion won if three top “most exposed” business groups were gone insolvent at the same time. According to a report on insolvency risk stress test on major conglomerates published by the Bank of Korea on [...]
SEOUL, May 22 (Korea Bizwire) – A study said the total amount of penalties and punitive charges imposed on Korea’s top-30 business groups for the past three years surpassed 2 trillion won. By amount, LG Group topped the list with almost 40 percent in the total. In terms of the number of cases, Samsung Group was ranked [...]
SEOUL, May 8 (Korea Bizwire) – As the financial results of Korea’s major corporations worsen, the corporate tax receipts paid by the companies have also shrunk. According to the Financial Supervisory Service and FnGuide, a financial information provider, on May 7, the 87 affiliate firms within the top-ten business groups posted the pretax net profit at 50.9 [...]