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 [...]
SEOUL, June 22 (Korea Bizwire) – South Korean business groups saw their overseas sales drop last year as low oil prices and a prolonged economic slowdown have shrunk demands in major markets, industry data showed Wednesday. The combined sales of 1,022 firms under the top 30 business groups generated at home and abroad came at [...]
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 [...]
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 [...]
SEOUL, Korea, April 10 (Korea Bizwire) – Female job seekers in Korea seem to have had a tough time in the job market last year. In 2013, as the growth rate of employment of male workers has become nearly twice that of female workers at the top-ten conglomerates, the proportion of female employees has declined [...]