conglomerates Archives | Be Korea-savvy
Korean Large Companies Outpace Japan, EU in Wages but Face Growing SME Gap

Korean Large Companies Outpace Japan, EU in Wages but Face Growing SME Gap

SEOUL, Feb. 17 (Korea Bizwire) — A new analysis has revealed that South Korea’s large companies offer significantly higher wages and wage growth rates compared to their counterparts in Japan and the European Union. According to a report released February 16 by the Korea Enterprises Federation (KEF), the annual total wages at large Korean companies, excluding [...]

South Korea’s Top Conglomerates Face Ballooning Corporate Debt Amid Rising Interest Rates

South Korea’s Top Conglomerates Face Ballooning Corporate Debt Amid Rising Interest Rates

SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s 10 largest conglomerates have nearly doubled their corporate bond issuance over the past two years to manage increasing financial burdens. However, with rising interest rates and tighter liquidity conditions, these firms face significant challenges in refinancing their debt, raising concerns about potential ripple effects in the country’s [...]

Executives at South Korea’s Top Conglomerates Earn Over 10 Times More Than Workers

Executives at South Korea’s Top Conglomerates Earn Over 10 Times More Than Workers

SEOUL, Mar. 25 (Korea Bizwire) – A stark divide exists between the paychecks of top executives and ordinary employees at South Korea’s major conglomerates, with a new analysis revealing that executives earn on average more than 11 times the salary of regular workers.  According to data compiled by Chaebul.com from the 2023 fiscal year business reports [...]

South Korean Conglomerates Implement Rigorous Cost-Cutting Measures in Response to Economic Downturn

South Korean Conglomerates Implement Rigorous Cost-Cutting Measures in Response to Economic Downturn

SEOUL, Dec. 11 (Korea Bizwire) – In the midst of a prolonged global economic downturn, South Korean companies are tightening their belts as they prepare next year’s business plans, focusing on cost-saving initiatives and voluntary retirements. SK Group recently adopted a cost-effective approach by organizing dinner meetings at company cafeterias instead of dining out, reducing expenses [...]

Study Reveals Trends in Heirs’ Ascent to CEO at Top Conglomerates

Study Reveals Trends in Heirs’ Ascent to CEO at Top Conglomerates

SEOUL, Dec. 7 (Korea Bizwire) – On December 6, the business research institute Leaders Index revealed that family members serving as top executives (CEO, Vice Chairman, Chairman) in the management of the top 100 domestic conglomerates, on average, climb the corporate ladder to become executives in their early to mid-30s, subsequently reaching the CEO position within [...]

About Half of Top 500 Firms Remain Undecided on 2024 Investment Plans: Poll

About Half of Top 500 Firms Remain Undecided on 2024 Investment Plans: Poll

SEOUL, Dec. 4 (Korea Bizwire) — About half of big firms in South Korea remain undecided on their investment plans for next year, according to a survey released Monday, an indication of how many companies are going through economic uncertainties. In the survey conducted by polling agency Mono Research on the leading 500 companies in [...]

Survey Reveals Strong Public Support for South Korea’s Large Corporations and Focus on Job Creation

Survey Reveals Strong Public Support for South Korea’s Large Corporations and Focus on Job Creation

SEOUL, Sept. 13 (Korea Bizwire) — A recent survey shows that more than half of South Korean citizens have a favorable opinion of large corporations, and their top expectation from these companies is job creation. According to a survey commissioned by the Federation of Korean Industries (FKI) and conducted by the polling firm Monos Research, among 1,005 [...]

Market Cap of Conglomerates Jumps 350 tln Won This Year

Market Cap of Conglomerates Jumps 350 tln Won This Year

SEOUL, Aug. 1 (Korea Bizwire) — The market capitalization of South Korea’s conglomerates soared more than 350 trillion won (US$273.8 billion) this year amid a bullish trend in the country’s stock markets, data showed Tuesday. The combined value of a total of 338 listed companies owned by 73 business groups reached 1.77 quadrillion won as [...]