SEOUL, Jan. 14 (Korea Bizwire) — So-called ‘workations’, in which many fintech employees work as they rest, are expanding in response to rising demand for a working environment that caters to contactless business practices in the pandemic era. Viva Republica Inc., the company behind popular South Korean financial app Toss, joined hands with Namhae County [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s top 100 companies have seen their total market capitalization swell nearly 11 percent over the past one-year period, a corporate tracker said Wednesday. The combined market value of those leading firms came to 2,128 trillion won (US$1.78 trillion) as of Jan. 3 this year, up 10.8 percent [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s fashion companies are jumping into making premium perfumes, driving head-on towards fierce competition. Handsome Corp., an affiliate of Hyundai Department Store Group, plans to open up a Liquides Perfume Bar in South Korea, an all-brand store for niche perfumes from France. The store plans to introduce some [...]
SEOUL, Jan. 11 (Korea Bizwire) — The number of South Korean companies that returned home from their offshore operations and their investment at home hit an all-time high last year, the industry ministry said Tuesday. A total of 26 firms relocated their factories from overseas in 2021, compared with 24 the previous year, and their [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s overseas direct investment rose at the fastest pace in nearly five years in the third quarter amid the global economic recovery, data showed Friday. South Korean companies’ overseas investments came to US$17.01 billion in the July-September period, up 58.2 percent from the previous year, according to the [...]
SEOUL, Dec. 16 (Korea Bizwire) — Most businesses that have adopted at-home remote work programs due to COVID-19 plan to continue the policy even after the end of the pandemic, a poll showed Thursday. In the recent labor ministry survey conducted on 620 businesses currently using remote work policies, 75.2 percent said they plan to [...]
SEOUL, Nov. 29 (Korea Bizwire) — Korean companies are turning to ‘BTS marketing’ for the world-famous boy band’s concerts in Los Angeles. Samsung Electronics Co. and AmorePacific Corp. have set up company booths along the side of SoFi Stadium in the U.S. city where the concerts will take place and have held various promotions and [...]
SEOUL, Sept. 8 (Korea Bizwire) — As the MZ generation’s interest in money-making techniques grows, an increasing number of South Korean companies are introducing wealth management programs as part of their in-house welfare programs. Samsung Electro-Mechanics Co. received applications for participation in a free-of-charge financial consulting program for employees through its internal network late last [...]
SEOUL, Sept. 8 (Korea Bizwire) — A handful of top earners among South Korean companies turned out to have paid the majority of the nation’s corporate taxes. According to the data that Rep. Yun Chang-hyun of the main opposition People Power Party received from the National Tax Service, the combined income of the nation’s 838,008 [...]
SEOUL, Sept. 7 (Korea Bizwire) — An increasing number of companies are using data instead of ‘guts’ to do business with the introduction of various services that analyze sales and market trends. Last February, major South Korean credit card issuer Samsung Card Co. introduced LINK Partner, a service that collects and analyzes customer payment data [...]