SEOUL, April 1 (Korea Bizwire) — Listed units of South Korea’s top 10 business groups saw their combined operating income plunge nearly 60 percent in 2019 due to a Sino-U.S. trade war and Japan’s export controls, a market tracker said Wednesday. The total operating income of 94 non-financial listed firms belonging to the family-controlled conglomerates [...]
SEOUL, March 31 (Korea Bizwire) — The so-called “MZ generation,” which encompasses millennials and Generation Z, or those who were born in the 1980s and early 2000s, are most reluctant to join companies requiring employees to work overtime at night or on the weekend. According to an online survey of 2,708 men and women aged [...]
SEOUL, March 23 (Korea Bizwire) — South Korean companies such as Hyundai Motor Co. and Samsung Electronics Co. temporarily shut down their plants in India in line with the country’s efforts to contain the spread of the novel coronavirus pandemic. The decision came in response to the Indian government’s guidance meant to prevent the spread [...]
SEOUL, March 16 (Korea Bizwire) — More South Korean companies are ramping up virus prevention measures for their upcoming shareholder meetings by adopting electronic voting to join the country’s efforts to stem the spread of the novel coronavirus. Of the some 2,300 listed firms here, a total of 314 companies, including Samsung Electronics Co. and [...]
SEOUL, March 13 (Korea Bizwire) — South Korea’s excellent information and communications technology (ICT) is showing its true value in the wake of the novel coronavirus outbreak. The Ministry of Science and ICT on Thursday unveiled major cases in which ICT has been applied in efforts to overcome the virus. ICT is being used to [...]
SEOUL, March 13 (Korea Bizwire) — A recent study has revealed that proportion of employees permitted to work from home and the manner in which these policies are managed differs significantly among South Korean companies. Incruit, an online job search portal, conducted a survey of 891 office workers, 29.8 percent of whom said they are [...]
SEOUL, March 11 (Korea Bizwire) — Four out of 10 companies in South Korea are willing to allow their employees to work from home on hopes of containing the coronavirus outbreak, a poll showed Wednesday. The South Korean government has urged local communities to take part in social distancing, a series of tactics designed to [...]
SEOUL, March 6 (Korea Bizwire) — South Korean companies said Friday they are on high alert after many countries around the globe have imposed entry restrictions on travelers from South Korea over the novel coronavirus outbreak. According to Seoul’s foreign ministry, more than 100 countries and territories were restricting entry or imposing tougher quarantine procedures [...]
SEOUL, March 5 (Korea Bizwire) — Companies that have introduced blind recruitment policies generally seem to be satisfied with the results. According to a recent survey of 554 people in charge of human resources conducted by job search portal JobKorea, 42 percent of companies that introduced blind recruitment said they were satisfied with the hiring [...]
SEOUL, March 5 (Korea Bizwire) — South Korean business groups are offering their training institutes and dormitories to be used as treatment centers for novel coronavirus patients in a move to support local health authorities securing more hospital beds in the country’s virus hotspots. As the number of virus patients soared in Daegu and surrounding [...]