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S. Korean Conglomerates Hire Less despite More Assets: Data

S. Korean Conglomerates Hire Less despite More Assets: Data

SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s 10 biggest companies have contributed less to the nation’s employment sector, although their assets have grown, data showed Sunday.  According to the data compiled by market researcher Chaebol.com, their assets totaled 1,144.4 trillion won (US$1,000 billion) last year. This accounts for 27.22 percent of all assets for [...]

Are the Big 2 – Hyundai and Samsung – Still too Big to Fail?

Are the Big 2 – Hyundai and Samsung – Still too Big to Fail?

SEOUL, Oct. 20 (Korea Bizwire) – Korea’s businesses are on edge. With Korean industrial stalwarts Samsung Electronics and Hyundai Motor both facing existential crises, other major players are beginning to see their growth engines weaken. On October 19, the Korea Economic Research Institute (KERI) suggested that on-year increase in sales at the nation’s top 500 [...]

S. Korean Conglomerates Raise Presence in Offshore Tax Havens: Data

S. Korean Conglomerates Raise Presence in Offshore Tax Havens: Data

SEOUL, Oct. 14 (Korea Bizwire) – South Korea’s large businesses have continued to increase their direct investments in overseas tax havens, adding to concerns about possible tax evasion attempts, a lawmaker said Friday.  Conglomerates here remitted a total of 441.5 trillion won to such countries as Bermuda, the Cayman Islands and Panama between 2011 and [...]

Lotte Has Dozens of Units in Suspected Tax Havens

Lotte Has Dozens of Units in Suspected Tax Havens

SEOUL, June 23 (Korea Bizwire) – Lotte Group, South Korea’s fifth-largest family-controlled conglomerate, operates some four dozen overseas units in suspected tax havens, data showed Thursday, in a potential blow to the embattled group under investigation for alleged wrongdoing.  According to the data by corporate tracker Korea 20000 Corporate Research Institute, 46 of Lotte’s 256 [...]

Top Chaebol Owners’ 5-Year Dividend Income Tallied at 1.46 Trillion Won

Top Chaebol Owners’ 5-Year Dividend Income Tallied at 1.46 Trillion Won

SEOUL, June 15 (Korea Bizwire) – Dividend payments to the owners of South Korea’s top 10 conglomerates were tallied at 1.46 trillion won (US$1.24 billion) for the past five years, despite their firms’ sluggish earnings, data showed Wednesday.  Samsung Electronics Co. Chairman Lee Kun-hee, South Korea’s richest man, topped the list with a total of [...]

Top Biz Groups to Expand Investment but Cut Hiring This Year: Survey

Top Biz Groups to Expand Investment but Cut Hiring This Year: Survey

SEOUL, Mar. 16 (Korea Bizwire) — South Korea’s 30 leading business groups will expand investment, but decrease new employment this year compared to last year, amid worries of increasing labor costs, a survey showed Monday. According to the survey by the Federation of Korean Industries (FKI) of the top 30 conglomerates in terms of assets [...]