SEOUL, Sept. 8 (Korea Bizwire) — South Korean conglomerates are leaving the door open for business expansion as they proclaim new company mission statements. Hanwha General Chemical Co. announced a name change to Hanwha Impact, leaving out the word ‘chemical,’ which has been the company’s flagship business. Hanwha Impact will go beyond the chemical industry [...]
SEOUL, Sept. 8 (Korea Bizwire) — Major South Korean companies are betting big on hydrogen across sectors as they strive to shift from carbon-intensive businesses to a more sustainable model and capture new opportunities in the emerging energy sector. Hydrogen can offer solutions in fields ranging from transport to energy storage as an alternative to [...]
SEOUL, Sept. 8 (Korea Bizwire) — A handful of top earners among South Korean companies turned out to have paid the majority of the nation’s corporate taxes. According to the data that Rep. Yun Chang-hyun of the main opposition People Power Party received from the National Tax Service, the combined income of the nation’s 838,008 [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s top cosmetics maker AmorePacific Corp. has the highest ratio of female employees among major local firms, a corporate tracker said Thursday. AmorePacific had 8,117 female workers as of the end of December last year, which accounted for 74.8 percent of its total workforce at 10,800, according to [...]
SEOUL, Sept. 1 (Korea Bizwire) — A majority of South Korean companies are hiring online as the pandemic drags on. Online job search portal JobKorea conducted a survey of 365 South Korean businesses, 67.1 percent of whom responded that they are ‘hiring online.’ Among them, 80.4 percent of large businesses have introduced online hiring programs. [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korean firms are suffering from the triple whammy of rising raw material costs, a coronavirus resurgence and an interest rate hike, a poll showed Monday. The survey of 310 large and smaller companies, taken by the Korea Chamber of Commerce and Industry (KCCI), showed that 81.6 percent of [...]
SEOUL, Aug. 26 (Korea Bizwire) — Leading automaker Hyundai Motor Co. was the top employer of physically challenged workers among 70 major firms in South Korea in 2020, with their total hiring of disabled people continuing to rise, a corporate tracker said Thursday. Hyundai Motor, the flagship of No. 5 global automaker Hyundai Motor Group, [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s major companies increased their hiring of new employees in the first half of the year despite the coronavirus pandemic, a corporate tracker said Wednesday. According to CEO Score, 460 out of the country’s top 500 firms by sales had a combined workforce of 1,503,643 as of end-June, [...]
SEOUL, Aug. 20 (Korea Bizwire) — South Korean big companies’ investments expanded nearly 5 percent in the first half of the year thanks mainly to a semiconductor boom, a corporate tracker said Friday. Global tech giant Samsung Electronics Co. and 331 other large firms in Asia’s fourth-largest economy invested a combined 82.8 trillion won (US$70.3 [...]
SEOUL, Aug. 12 (Korea Bizwire) — The percentage of employees over 50 years of age on payrolls nationwide showed a wide variance ranging from 50 percent to less than 1 percent by industry, a market research firm said Wednesday. The Korea CXO Institute conducted a survey of 55 major companies with comparable employee age data, [...]