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10 of Korea’s Top 500 Listed Companies Achieved 94 Consecutive Profitable Quarters, Outperforming Samsung Electronics

SEOUL, Sept. 14 (Korea Bizwire) — Among South Korea’s top 500 listed companies, 10 firms, including Hyundai Mobis, SK Telecom, Korea Zinc and Shinsegae, have been profitable for 94 consecutive quarters. However, among the companies that have sustained long-term profitability, several have slipped to losses due to the global economic downturn and the semiconductor market slowdown, [...]

Korean Companies Navigate Shifts in Telecommuting and Communication

SEOUL, Aug. 22 (Korea Bizwire) — While numerous global companies that adopted telecommuting over the last three years are gradually summoning employees back to a traditional office setting, South Korean enterprises are likewise scaling back their telecommuting initiatives, attributing the change to communication challenges. This situation has triggered varied responses among employees. Some assert that [...]

Over 400 Companies Join Hands to Maximize Industrial Use of AI

SEOUL, July 25 (Korea Bizwire) – Top carmaker Hyundai Motor Co., leading battery maker LG Energy Solution Ltd. and several other major South Korean companies joined hands with smaller firms to seek ways to maximize the use of artificial intelligence in key industries, the industry ministry said Tuesday. A total of 20 South Korean conglomerates [...]

S. Koreans in Their 20s and 30s Prioritize Work-Life Balance: Poll

SEOUL, April 11 (Korea Bizwire) — South Koreans in their 20s and 30s prioritize their personal lives rather than monthly wages and retirement security at work, a survey showed Monday. The Federation of Korean Industries conducted a survey of 827 South Koreans in their 20s and 30s, 36.6 percent of whom preferred to work at [...]

S. Korean Companies Join Earth Hour Campaign

SEOUL, March 24 (Korea Bizwire) — South Korean companies are joining the Earth Hour campaign, in which people turn off the lights to raise awareness about the dangers of climate change. Hyundai Motor Co. announced that it will turn off all of the lights at company headquarters in southern Seoul for one hour on Saturday [...]

S. Korean Companies Offer Relief Support to Quake-struck Turkey, Syria

SEOUL, Feb. 10 (Korea Bizwire) — Major South Korean enterprises, including Samsung, SK and LG, said Friday they were offering donations and relief items to help with efforts to recover from the earthquake that hit Turkey and Syria. Samsung Electronics Co. said it decided to provide support worth US$3 million, including $1.5 million in a [...]

S. Korea’s Overseas Investment Down 5 pct in Q3

SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s overseas direct investment fell 5 percent on-year in the third quarter of this year amid the prolonged COVID-19 pandemic, the finance ministry said Tuesday. The value of investments made overseas by South Korean companies reached US$16.61 billion in the July-September period, down from $17.48 billion a year [...]

Top 30 S. Korean Firms Push to Improve Energy Efficiency by 1 pct per Year Through 2027

SEOUL, Oct. 19 (Korea Bizwire) — Top 30 South Korean companies vowed Wednesday to push for increasing energy efficiency by 1 percent each year over the next five years to better cope with high energy prices and to ensure sustainability, the industry ministry said. Samsung Electronics Co., Hyundai Motor Corp., LG Chem Ltd., POSCO and [...]

Number of Businesses in S. Korea Up 0.7 pct in 2021

SEJONG, Sept. 29 (Korea Bizwire) — The number of companies doing business in South Korea edged up in 2021 from a year earlier amid the economic recovery, government data showed Thursday. Asia’s fourth-largest economy had 6.08 million businesses last year, up 0.7 percent, or 44,000, from 2020, according to the data from Statistics Korea. The [...]