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S. Korean Companies’ Sales, Profitability Narrow in Q1 amid Pandemic

S. Korean Companies’ Sales, Profitability Narrow in Q1 amid Pandemic

SEOUL, June 16 (Korea Bizwire) — South Korean businesses’ sales and profitability worsened in the first quarter from three months earlier, central bank data showed Tuesday, amid slowing demand at home and abroad caused by the spread of the new coronavirus. In the January-March period, sales of local businesses dropped at an average 1.5 percent [...]

Market Cap of Bio, Internet Giants Surges amid Coronavirus Disruptions

Market Cap of Bio, Internet Giants Surges amid Coronavirus Disruptions

SEOUL, May 22 (Korea Bizwire) – The market capitalization of Samsung Biologics Co. and internet giant Naver Corp. has jumped sharply on South Korea’s main stock market over a one-year period, despite the coronavirus impact on the equities markets, data showed Friday. Samsung Biologics’ market cap stood at 40.3 trillion won (US$32.6 billion) at Thursday [...]

Korean Firms Again in Anti-virus Mode over Itaewon Cluster Infections

Korean Firms Again in Anti-virus Mode over Itaewon Cluster Infections

SEOUL, May 14 (Korea Bizwire) — South Korean firms are again beefing up their virus prevention measures after the country reported cluster infections linked to clubs and bars in a popular nightlife neighborhood in Seoul, industry insiders said Thursday. After the country shifted to an “everyday life quarantine” scheme to normalize social and economic activities [...]

Social Distancing Alters Work Landscape

Social Distancing Alters Work Landscape

SEOUL, April 10 (Korea Bizwire) — The social distancing movement that is seen as a significant measure in the fight against the novel coronavirus is changing the landscape of work environments as more companies are implementing ‘untact’ working procedures. Lotte Home Shopping Inc., a shopping unit of retail conglomerate Lotte, is implementing untact working procedures [...]