SEOUL, Aug. 24 (Korea Bizwire) — Gold-related funds in South Korea have posted stellar returns over the past month, data showed Thursday, as geopolitical risks chilled the stock market and stoked investors’ flight to safety. Those funds posted an average return of 3.49 percent in the month to Wednesday, the top performer among local investment [...]
SEOUL, Jun. 19 (Korea Bizwire) — South Korean companies’ earnings for the second quarter of the year are forecast to be higher than earlier expected on the back of improving business conditions, industry data showed Sunday. According to the data compiled by industry tracker FnGuide, the combined operating income of 155 major listed firms here [...]
SEOUL, July 6 (Korea Bizwire) — South Korean firms’ earnings outlook for the third quarter was drastically cut as the country’s first-ever outbreak of Middle East Respiratory Syndrome (MERS) has further sapped already feeble private spending, data showed Monday. The combined third-quarter operating profit of 117 listed firms on the main bourse was estimated at 29 [...]
SEJONG, June 9 (Korea Bizwire) — Job creation by South Korean listed companies has plunged over the past four years as weak demand force them to scale back investment and hiring, data showed Tuesday. According to the data by Statistics Korea and market research FnGuide, listed companies offered some six jobs for every 100 positions [...]
SEOUL, June 2 (Korea Bizwire) — “Sin stocks” of tobacco, alcohol and gambling companies have gained this year on the back of deep-pocketed Chinese tourists and low interest rates, data showed Tuesday. Thirty-six sin stocks related to tobacco, alcohol, gambling rose an average of 23.9 percent as of June 1 compared to the beginning of [...]
SEOUL, April 2 (Korea Bizwire) – The wage gap between executives and ordinary workers has continued to increase dramatically in Korea, as the disparity in salaries at the top 30 listed companies reached up to 142 times last year. According to FNGuide, a financial information provider, Samsung Electronics topped the wage disparity among the 30 largest [...]
SEOUL, May 8 (Korea Bizwire) – As the financial results of Korea’s major corporations worsen, the corporate tax receipts paid by the companies have also shrunk. According to the Financial Supervisory Service and FnGuide, a financial information provider, on May 7, the 87 affiliate firms within the top-ten business groups posted the pretax net profit at 50.9 [...]