SEOUL, Dec. 27 (Korea Bizwire) — College students in South Korea have picked Samsung Electronics Co. as their preferred company to work for. According to Jobkorea, a South Korean job search portal, 14.1 percent of 1,190 university students said they wanted to work for the company. Samsung was followed by the Korea Electric Power Corp. [...]
SEOUL, Dec. 7 (Korea Bizwire) — One Korean company that currently operates a factory in Indonesia was pressured to set up a prayer room at its local factory site. This is because one of its global clients asked the company to practice corporate social responsibility (CSR) that takes into consideration the religious and cultural characteristics [...]
SEOUL, Oct. 29 (Korea Bizwire) — A number of industries that propelled South Korea to its economic “miracle” are now headed downhill. The China-U.S. trade war, rising interest rates in the U.S., lowered labor productivity and other hurdles have large Korean corporations stuck in a “tunnel of uncertainty” in which companies are unable to accurately [...]
SEOUL, Oct. 17 (Korea Bizwire) — More local companies are switching to blind hiring for new recruits, looking more at qualifications for required skills rather than alma mater, hometowns and language proficiency, an analysis indicated Wednesday. According to the Korea Economic Research Institute, the surveyed firms mostly adopted blind hiring for select positions. Lotte Department [...]
SEOUL, Oct. 15 (Korea Bizwire) — The number of female executives at South Korea’s top 100 companies doubled to more than 200 from five years ago, but the increase in the ratio to the total number was still paltry, stopping at 3.2 percent, latest figures showed Monday. An analysis by market researcher Korea CXO Institute [...]
SEOUL, Aug. 27 (Korea Bizwire) — Companies value communication and cooperation skills the most in assessing their employees, a survey said Monday, a change from the past when employers wanted people who were willing to take on tough challenges. The Korea Chamber of Commerce and Industry analyzed the web sites of 100 top local firms [...]
SEOUL, Feb. 23 (Korea Bizwire) – Trickle-down effects from major South Korean businesses, creating a flow of benefits to smaller companies, are becoming less perceptible. In a report announced Wednesday by the Korea Small Business Institute, researchers said that “there’s now very little trickle-down effects between big companies and SMEs,” based on a statistical analysis [...]
SEJONG, Dec. 23 (Korea Bizwire) – The number of newly established companies in South Korea fell slightly last year amid a protracted economic slump, government data showed Friday. Some 813,000 new businesses were created in 2015, down 30,000 from 843,000 tallied a year earlier, according to the data compiled by Statistics Korea. They took up [...]
SEOUL, Feb. 18 (Korea Bizwire) – One out of four South Korean companies plan to reduce their workforces this year to save costs, bracing for the grim reality of sluggish exports and dull domestic consumption, a poll showed Thursday. According to the survey by online recruiting agency Saramin on 307 human resource officials, 23.8 percent [...]