SEOUL, March 22 (Korea Bizwire) — South Korea companies with huge carbon emissions have formulated ambitious goals to achieve carbon neutral operations, but are having difficulty implementing such goals primarily due to high costs, a business lobby group said. The Korea Chamber of Commerce and Industry (KCCI) conducted a survey of 346 local companies that [...]
SEOUL, March 15 (Korea Bizwire) — More than 6 in 10 large firms in South Korea are feeling the pinch of the Russia-Ukraine war that has sent international material costs soaring, a poll said Tuesday. The survey on 153 out of the country’s top 1,000 companies by sales showed 60.8 percent of the respondents saying [...]
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, [...]
SEOUL, March 9 (Korea Bizwire) — Companies utilizing so-called “FemTech” or female technology to offer gender-related information and medical services to women are on the rise. My Own Room, an app developed by startup AROOO, specializes in offering gender-related information to women. The app is exclusively available for women, in which members can share their [...]
SEOUL, March 9 (Korea Bizwire) — To create stronger incentives for environmental, social and governance (ESG) management that relies on non-financial factors, an increasing number of domestic and foreign firms are developing their own ESG indicators and reflecting them in the assessment of rewards for top management and executives. According to a report from the [...]
SEOUL, March 7 (Korea Bizwire) — The jobs that are least popular among university students are the ones that do not keep regular working hours, a survey showed Sunday. The Korea Research Institute for Vocational Education and Training conducted a survey of 8,353 juniors at universities nationwide to gain insight into their job preferences. The [...]
SEOUL, Feb. 16 (Korea Bizwire) — An increasing number of large companies in South Korea are collecting empty containers for their products from consumers as part of efforts to boost the recycling rate. CJ Cheiljedang Corp., the country’s leading food manufacturer, launched a service to collect the empty containers of its cooked rice product Hetbahn [...]
SEOUL, Feb. 15 (Korea Bizwire) — Dividend payouts by South Korea’s major listed firms fell more than 14 percent in 2021, but seven paid out more than 1 trillion won (US$835 million), a corporate tracker said Tuesday. The combined amount of dividends by 53 companies, including top-cap Samsung Electronics Co., stood at 28.55 trillion won [...]
SEOUL, Feb. 9 (Korea Bizwire) — The vast majority of large South Korean companies plan to expand their budget and personnel further for ESG departments this year, a major business lobby group said Tuesday. ESG is short for environmental, social and governance criteria using factors to evaluate companies on how far advanced they are in [...]
SEOUL, Feb. 8 (Korea Bizwire) — About one-half of the South Korean companies operating in Vietnam reported a decline in both their financial results and facility utilization rate last year due to the impact of the COVID-19 pandemic. According to a report released by the Korea Institute for Industrial Economics and Trade, 46.5 percent of [...]