SEOUL, Jan. 22 (Korea Bizwire) — More than four out of 10 South Korean conglomerates plan to cut back on their investment both at home and abroad this year amid a global economic slowdown and worsening market conditions, a survey by the state-run trade agency has showed. According to the recent survey by the Korea [...]
SEJONG, Dec. 19 (Korea Bizwire) — Corporate retirement pension funds under management expanded 15.5 percent in 2021 from a year earlier, government data showed Monday. Cumulative corporate retirement pension funds stood at 295 trillion won (US$226 billion) as of end-December last year, up 40 trillion won from a year ago, according to the data compiled [...]
SEOUL, Nov. 30 (Korea Bizwire) — Large South Korean companies saw their third-quarter borrowing costs jump more than 40 percent from a year earlier due to rising interest rates, a corporate tracker said Wednesday. The combined interest cost of 268 out of the country’s top 500 firms by sales came to 6.2 trillion won (US$4.7 [...]
SEOUL, Nov. 28 (Korea Bizwire) — With the increasing number of single-person households choosing not to get married, South Korean companies are diversifying in terms of their welfare policies. Lotte Department Store in September began offering congratulatory or consolation subsidies to employees who are single. Any employee who is single and over 40 years of [...]
SEOUL, Nov. 23 (Korea Bizwire) — With the passing of a hiring freeze brought on by the onset of the COVID-19 pandemic, South Korea’s major companies have resumed open recruiting in full swing this year, with their welcome gifts for new employees drawing significant attention. CJ ENM’s commerce division prepared Apple Watch models as welcome [...]
SEOUL, Nov. 22 (Korea Bizwire) — Major South Korean companies’ inventories spiked nearly 36 percent in the first nine months of this year amid a global economic slump, a corporate tracker said Tuesday. Combined inventories of 195 out of the country’s top 500 firms by sales came to 165.4 trillion won (US$122 billion) as of [...]
SEOUL, Nov. 8 (Korea Bizwire) — Nearly half of South Korea’s large companies have a pessimistic view about the potential for achievement of the government’s greenhouse gas reduction goal, a survey showed Monday. According to a survey of 100 out of 500 major manufacturers conducted by the Federation of Korean Industries, 48 percent of the [...]
SEOUL, Oct. 4 (Korea Bizwire) — The value of the aggregate retained earnings piled up by South Korea’s top 100 companies has continued to increase over the past 10 years, surpassing the 1,000 trillion won (US$697 billion) mark last year, data showed Monday. According to the data that Rep. Hong Sung-kook of the Democratic Party [...]
SEOUL, Sept. 28 (Korea Bizwire) — Sales of South Korea’s top 500 firms have soared nearly 40 percent over the past 10 years with the information technology and electronics sector taking up the biggest share, a corporate tracker said Wednesday. The combined top line of the leading businesses stood at 3,286 trillion won (US$2.3 trillion) [...]
SEOUL, Sept. 19 (Korea Bizwire) — South Korean steel giant POSCO emitted the largest amount of greenhouse gases among local companies over the past five years, accounting for about 10 percent of the nation’s total greenhouse gas emissions, data showed Sunday. According to data that Rep. Lim Lee-ja of the ruling People Power Party received [...]