SEOUL, Jan. 3 (Korea Bizwire) — They may not have eye-catching tech gadgets and high-end technologies, but a slew of South Korea’s major conglomerates, such as Hyundai Motor Co. and SK Innovation Co., are ready to showcase their solutions primarily in the mobility sector at the upcoming tech expo in the United States. While Samsung [...]
SEOUL, Nov. 18 (Korea Bizwire) — Among South Korea’s major conglomerates, SK Group has increased its number of regular workers by the most in the past year compared to the group’s size. According to an analysis of third quarter reports by industry tracker Infobigs on listed companies affiliated with the country’s 34 conglomerates, SK Group’s [...]
SEOUL, Sept. 29 (Korea Bizwire) — The combined corporate taxes that will be paid by listed firms of South Korea’s top 10 business conglomerates is set to more than halve, as their profits dropped in the first six months due to slowing exports and weaker demand at home, industry data showed Sunday. According to the [...]
SEOUL, Sept. 26 (Korea Bizwire) — The heads of South Korea’s major conglomerates have recently called for a series of countermeasure strategies, labeling the situation of heightened uncertainty at home and abroad as an “unprecedented crisis.” In particular, they say that such a crisis is not a matter to be resolved in a short period [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s 30 biggest conglomerates were found to be engaged in over 13 trillion won (US$11 billion) worth of lawsuits in the first half of the year, a local market research firm said Wednesday. In their earnings reports for the January-June period, 176 affiliates of the top 30 business [...]
SEOUL, Aug. 28 (Korea Bizwire) — Investment by South Korea’s major conglomerates plunged 23 percent on-year in the first half of the year due mainly to flagging chip and display businesses, a corporate tracker said Wednesday. Investment by 353 subsidiaries of 59 business groups totaled 36.9 trillion won (US$30.4 billion) in the January-June period, compared [...]
SEOUL, Dec. 28 (Korea Bizwire) — As of 2017, 762,000 South Koreans worked for venture businesses, which was more than the 750,600 employees working for Samsung and the four other largest conglomerates in South Korea. The Ministry of SMEs and Startups and the Korea Venture Business Association revealed that the average number of employees at [...]
SEJONG, Dec. 27 (Korea Bizwire) — South Korea’s top 10 companies accounted for 36.2 percent of the country’s exports in 2017, data showed Thursday, in the latest sign of economic domination by family-controlled conglomerates. The data compiled by Statistics Korea and the Korea Customs Service showed that the combined outbound shipments of the 10 companies [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s dependence on large companies for economic growth deepened in 2017, with global tech giant Samsung Electronics Co. alone accounting for nearly 15 percent of its gross domestic product (GDP), a corporate tracker said Wednesday. The combined sales of Samsung and the nine other largest companies by turnover [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korean conglomerates are scrambling to bolster their hotel businesses or build new hotels as part of efforts to achieve positive synergy for their flagship businesses, industry sources said Wednesday. Shinsegae Chosun Hotel Inc., the accommodation arm of retail giant Shinsegae Group, plans to open a boutique hotel with [...]