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 [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korean companies said Monday they are on full alert to minimize any possible fallout from the novel coronavirus as the potentially fatal illness spreads quickly within the country. South Korea on Sunday raised the virus alert level to “red,” the highest in its four-tier system, following a spike [...]
SEOUL, Jan. 28 (Korea Bizwire) — Major South Korean companies are scrambling to minimize any possible fallout from the Wuhan coronavirus by pulling their staff out of China and curbing trips there, industry sources said Tuesday. Hyundai Motor Co. and its affiliate Kia Motors Corp. plan to evacuate family members of hundreds of their employees [...]
SEOUL, Jan. 22 (Korea Bizwire) — CJ OliveNetworks is the company that created the most jobs in the past five years among affiliates of the top 30 South Korean conglomerates. The Korea Economic Research Institute analyzed the number of employees at affiliates with more than 300 employees at the top 30 conglomerates between 2013 and [...]
SEOUL, Jan. 2 (Korea Bizwire) — A recent study has revealed that one third of South Korean biotechnology companies have yet to make a single sale. According to a survey conducted by the Korea Biotechnology Industry Organization, 231 out of 786 biotech companies, or 29.4 percent, were in the pre-sales phase as of 2018. Even [...]
SEOUL, Sept. 9 (Korea Bizwire) — Companies that are reducing the number of new hires they make this year are competing fiercely to recruit top-notch talent. Having the CEO participate in the recruitment process is becoming more common, and the introduction of artificial intelligence (AI) in the hiring process is also becoming popular. LG Chem [...]
NEW DELHI, Jul. 6 (Korea Bizwire) — South Korean companies are pumping up their efforts to diversify export items to India as they seek to tap deeper into Asia’s third-largest economy, industry sources said Friday. So far, South Korean companies have focused on such manufacturing sectors as autos, chemicals, electronics, steel and machinery, but their [...]
SEOUL, May 28 (Korea Bizwire) — A growing number of South Korean firms listed on the secondary KOSDAQ market are being led by female executives, though men in their 50s who majored in tech dominate the industry, data showed Monday. The number of female CEOs at the country’s 1,269 firms on the tech-laden bourse came [...]