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Higher Operating Profit for Conglomerates Cuts Operating Profit for Subcontractors: Study

Higher Operating Profit for Conglomerates Cuts Operating Profit for Subcontractors: Study

SEOUL, Nov. 3 (Korea Bizwire) – The higher the operating profit is for large-sized companies, the less it is for smaller subcontractors, a recent study revealed. The Korea Institute of Public Finance announced Monday the analysis of performance among subcontractors working with conglomerates based on data from 2013 and 2014 provided by Nice Information Service [...]

New Generation of Chaebol Leaders Faces Growing Calls for Paradigm Shift

New Generation of Chaebol Leaders Faces Growing Calls for Paradigm Shift

SEOUL, Oct. 29 (Korea Bizwire) — There are many ways in which things can go wrong for families who try to preserve their massive wealth for generations to come, like the famous saying, “Shirtsleeves to shirtsleeves in three generations.” To beat the “shirtsleeves” curse, however, the owner families of South Korea’s leading conglomerates, called chaebol [...]

Top Conglomerates Offer Support as India Extends World’s Biggest COVID-19 Lockdown

Top Conglomerates Offer Support as India Extends World’s Biggest COVID-19 Lockdown

SEOUL, April 16 (Korea Bizwire) — South Korea’s large business groups are continuing to provide support to India, which has enacted strict measures to limit the spread of new coronavirus. Although factories have been closed due to the national lockdown, Korean companies have been increasing support activities for local residents most affected by the outbreak. [...]

Biz Groups Step Up to Provide Quarantine Supplies in Virus Fight

Biz Groups Step Up to Provide Quarantine Supplies in Virus Fight

SEOUL, March 25 (Korea Bizwire) — South Korean conglomerates are using their global networks and resources to help provide quarantine supplies here, industry insiders said Wednesday, as they step up support for the country’s fight against the novel coronavirus. Major business groups like Samsung and LG have already donated cash and offered their facilities to [...]