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 [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korean firms are suffering from the triple whammy of rising raw material costs, a coronavirus resurgence and an interest rate hike, a poll showed Monday. The survey of 310 large and smaller companies, taken by the Korea Chamber of Commerce and Industry (KCCI), showed that 81.6 percent of [...]
SEOUL, July 16 (Korea Bizwire) — South Korean companies are stepping up to address the so-called ‘corona blues’ spreading through the workforce. With employees spending long hours at home following the enactment of contactless, work-from-home policies, companies are beginning to worry that depressive symptoms, anxiety, and burnouts could undermine their work efficiency. Hanwha Systems Co., [...]
SEOUL, July 7 (Korea Bizwire) — Companies that have reduced wages for management staff following the coronavirus outbreak are also seeing relatively low price-to-earnings ratios (PER). The Daishin Economic Research Institute conducted a study on the correlation between management wages at 343 companies listed on the stock exchange and PER, based on their 2020 business [...]
SEOUL, June 2 (Korea Bizwire) — Samsung Electronics Co., Hyundai Motor Co. and other major South Korean companies are increasingly adopting “paid vaccine leave” for their employees as the country’s vaccine rollout gathers pace and more workers get vaccinated. The companies, including retail giant Lotte Group, pharmaceutical firms and game publishers have introduced vaccine leave [...]