SEOUL, Sept. 11 (Korea Bizwire) — A recent survey showed that the job market for young people will become more challenging in the second half of this year due to the worsening of business sentiment caused by the deepening of uncertainties in and outside of Korea. According to a survey of the nation’s 500 largest companies [...]
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 [...]
SEOUL, Jan. 26 (Korea Bizwire) — More than a dozen of second- or third-generation scions of South Korean family-owned conglomerates have been indicted on charges of habitually using and selling marijuana, prosecutors said Thursday. Among them are a 40-year-old man surnamed Hong, a grandson of major dairy firm Namyang Dairy Products Co. founder Hong Doo-young, [...]
SEOUL, Jan. 22 (Korea Bizwire) — More than four out of 10 South Korean conglomerates plan to cut back on their investment both at home and abroad this year amid a global economic slowdown and worsening market conditions, a survey by the state-run trade agency has showed. According to the recent survey by the Korea [...]
SEOUL, Dec. 21 (Korea Bizwire) — Loan guarantees among affiliates of South Korea’s top 30 conglomerates surged nearly 21 percent in the first nine months of the year due to a credit crunch stemming from high interest rates, a corporate tracker said Wednesday. The debt payment guarantees among 207 out of the groups’ affiliates totaled [...]
SEOUL, Sept. 2 (Korea Bizwire) — Private equity funds (PEFs) are gaining a strong presence in South Korea as they work as solutions for problems among large conglomerates to evading monopoly restrictions during the transition of management and changing management structure. London-based investment data company Preqin reported that major private placement funds’ assets under management [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s top four conglomerates account for nearly 20 percent of the country’s overall corporate sales, a corporate tracker said Tuesday, pointing to their big clout in Asia’s fourth-largest economy. Combined sales by the business groups — Samsung, SK, Hyundai Motor and LG — averaged 746 trillion won (US$571 [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s major conglomerates are establishing corporate venture capital (CVC) firms under the umbrella of their holding companies as a way to expand investment in promising startups. Food and entertainment giant CJ Group set up its own CVC firm last week by acquiring a 100 percent stake in Timewise [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s major conglomerates are launching ventures in the pharmaceutical and biomedical industries, following the success of Samsung Biologics Co., the biotech arm of Samsung Group and SK Bioscience Co., a vaccine unit of SK Group. Lotte Corp., the holding company of retail giant Lotte Group, decided to establish [...]
SEOUL, March 17 (Korea Bizwire) — Among the CEOs of South Korean family-controlled conglomerates, the share of owner family members has declined sharply while that of professional managers is increasing, a corporate tracker said Wednesday. According to a survey conducted by CEO Score of 411 out of the nation’s top 500 companies by sales in [...]