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S. Korean Firms in Delicate Balancing Act over U.S. Economic Framework

S. Korean Firms in Delicate Balancing Act over U.S. Economic Framework

SEOUL, May 21 (Korea Bizwire) — South Korean companies could find themselves attempting a precarious balance between Washington and Beijing, as Seoul announced its decision to join a new U.S.-led regional economic initiative that does not include China. President Yoon Suk-yeol said Saturday that South Korea and the United States will work together to develop [...]

Companies Step Up to Offer Better Welfare Benefits as Employees Prioritize Work-Life Balance

Companies Step Up to Offer Better Welfare Benefits as Employees Prioritize Work-Life Balance

SEOUL, May 16 (Korea Bizwire) — With a growing number of Koreans choosing to focus on their work-life balance, particularly among office workers from the MZ generation (those born between the 1980s and 2000s), companies are setting out to provide more welfare benefits to employees. Battery maker LG Energy Solution Ltd. introduced a “Healing Trip” [...]

Value of Corporate M&As Up 66 pct in 2021

Value of Corporate M&As Up 66 pct in 2021

SEOUL, March 30 (Korea Bizwire) — The value of corporate mergers and acquisitions in South Korea surged 66 percent on-year last year amid major companies’ active investments in new industry fields, the antitrust regulator said Wednesday. Corporate deals were valued at 349 trillion won (US$288.5 billion) in 2021, compared with 138.4 trillion won a year [...]

6 in 10 Firms Pick Job Creation as Top Policy Priority for New Gov’t: Poll

6 in 10 Firms Pick Job Creation as Top Policy Priority for New Gov’t: Poll

SEOUL, March 13 (Korea Bizwire) — Six out of 10 South Korean companies want the incoming government of President-elect Yoon Suk-yeol to focus on creating jobs to support the economic recovery, a survey showed Sunday. Of 157 local companies, 95, or 60.5 percent, picked job creation as the top policy priority for the new government, [...]