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Most S. Korean College Students Want to Work at Samsung Electronics

Most S. Korean College Students Want to Work at Samsung Electronics

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. [...]

Large Companies Stuck in a “Tunnel of Uncertainty” Due to Bleak Future Outlook

Large Companies Stuck in a “Tunnel of Uncertainty” Due to Bleak Future Outlook

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 [...]

More Companies Switching to Blind Hiring for New Recruits

More Companies Switching to Blind Hiring for New Recruits

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 [...]

No More Trickle-Down Effects from Big Business in Korean Economy

No More Trickle-Down Effects from Big Business in Korean Economy

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 [...]

Number of New Companies Falls in 2015 amid Protracted Economic Slump

Number of New Companies Falls in 2015 amid Protracted Economic Slump

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 [...]