SEOUL, Nov. 22 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) rose more than 3 percent in 2020 with manufacturers taking up the bulk of the total, data showed Monday. R&D spending by the country’s top 1,000 corporations stood at 55.4 trillion won (US$46.6 billion) last year, up 3.35 percent [...]
SEOUL, Nov. 19 (Korea Bizwire) — Foreign investment companies registered in South Korea feel most uncomfortable about the government’s introduction of the new workplace disaster law and raising the minimum wage, a survey showed Thursday. The Korea Enterprises Federation, a major business lobby group, conducted a survey of 220 foreign investment companies with more than [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s large companies increased their investments by more than 7 percent in the first nine months of this year as part of efforts to find future growth engines despite the coronavirus pandemic, a corporate tracker said Wednesday. Combined capital spending by 336 out of the country’s top 500 [...]
SEOUL, Nov. 9 (Korea Bizwire) — Elite colleges and universities appear to be riding the metaverse wave as Yonsei University recently held an exotic off-campus team-building outing — commonly referred to in South Korea as “membership training” (MT) — using popular virtual platforms including Gather Town and Roblox. Over 100 college students from Global Leaders [...]
SEOUL, Nov. 7 (Korea Bizwire) — About 90 percent of firms in South Korea are undecided on their investment plans for next year amid lingering uncertainty despite the country’s move back to normalcy under the “living with COVID-19″ scheme, a poll showed Sunday. According to the poll conducted on 316 firms by the Korea Chamber [...]
SEOUL, Nov. 3 (Korea Bizwire) — Companies with stronger ESG (environmental, social and governance) capability tend to have better financial performance, a local think tank said Tuesday. The Korea Institute for Industrial Economics and Trade released a report that analyzed the correlation between ESG grade and return on assets (ROA) for 868 listed companies in [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korean information and communications technology (CT) companies are diversifying networks for customer service and businesses to protect themselves from network failures. The operator of the mobile financial transaction application Toss plans to duplex its intra-network next week by joining an additional mobile carrier, following an hour-long internet blackout caused [...]
SEOUL, Oct. 27 (Korea Bizwire) — The number of female executives at South Korea’s top 100 firms increased in 2021 from a year earlier to surpass the 300 mark for the first time, data showed Wednesday. Those leading companies in Asia’s fourth-largest economy had a combined 322 women executives as of end-June this year, up [...]
SEOUL, Oct. 13 (Korea Bizwire) — Starting from the end of this month, companies will be allowed to directly purchase electricity produced from renewable energy. This will broaden the way for companies to participate in the RE100 campaign that calls for companies to meet their entire electricity demand with renewable energy such as wind power [...]
SEOUL, Oct. 5 (Korea Bizwire) — Businesses are speeding up competition in the hydrogen industry as they set up new corporations or engage foreign businesses. Doosan Group recently established Doosan H2 Innovation, a new corporation that will be in charge of developing solid oxide fuel cells (SOFC). The group also plans to reorganize the R&D [...]