SEOUL, Sept. 11 (Korea Bizwire) — Samsung Electronics has emerged as South Korea’s dominant force in artificial intelligence, ranking far ahead of domestic rivals Naver and LG, according to a new industry analysis. Yet even the nation’s top firms remain far behind American and Chinese tech giants in global AI competitiveness. The study, released Tuesday [...]
SEOUL, July 17 (Korea Bizwire) — As South Korea grapples with deepening youth unemployment, a new study reveals that the share of employees in their 20s at the country’s top conglomerates has plummeted over the past two years—raising concerns about a generational imbalance in the corporate workforce. According to a report released Wednesday by CEO [...]
SEOUL, Aug. 2 (Korea Bizwire) — One out of every 10 workers at South Korea’s top 30 business groups were irregular workers as of end-March this year, with the rate highest at construction firms, research data showed Wednesday. According to an analysis by corporate tracker CEO Score of 360 companies who have over 300 full-time [...]
SEOUL, May 24 (Korea Bizwire) – Naver Corp. was picked as the top firm for its business performance among the country’s major 500 companies, data showed Tuesday, beating Samsung Electronics Co. According to the data compiled by industry tracker CEO Score, South Korea’s No. 1 Internet portal operator received top remarks in a business evaluation that centered on eight areas, including earnings, investment, job creation and transparency. While Naver stood as the [...]
SEOUL, Sept. 21 (Korea Bizwire) – The average years of service among employees of 24 major conglomerates has increased in spite of the prolonged period of economic difficulties. Considering that the research was conducted on the 30 major corporations in Korea, the results showed that a majority of workers are staying at their jobs for a [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s major business groups prefer retired public officers as outside directors, data showed Wednesday, in a widespread practice to expand their network in the government. According to corporate researcher CEO Score, 38.6 percent of 609 outside directors serving at 187 listed firms affiliated with the nation’s top 30 [...]
SEOUL, June 10 (Korea Bizwire) — The number of executives at South Korea’s conglomerates have declined in the first quarter, a report showed Wednesday, as many businesses here scrambled to cut back costs amid a protracted economic slowdown. The number of high-ranking executives at 268 firms affiliated with 30 local conglomerates stood at 10,486 in [...]
SEOUL, April 20 (Korea Bizwire) – Korea’s two largest business groups, Samsung Group and Hyundai Motor Group, accounted for a significant portion of the net profits of the top 30 groups in Korea, by generating more than four fifths of their total earnings. Korea generally categorizes the top 30 business groups as representing the Korean economy, [...]
SEOUL, April 5 (Korea Bizwire) — South Korea’s top conglomerates spent more on research and development and intellectual property to seek new growth engines in 2014, while cutting back on facility-related investments, a report showed Sunday. A total of 274 firms belonging to the country’s 30 largest business groups injected 35.31 trillion won (US$32.31 billion) into [...]
SEOUL, March 30 (Korea Bizwire) — South Korea banks and other financial companies have hired former government officials to fill some 30 percent of outside director positions, industry data showed Monday, amid criticism that outside directors are not living up to their roles. According to the data compiled by CEO Score, the number of outside [...]