SEOUL, April 5 (Korea Bizwire) – While financial services companies exploring fintech systems were previously concentrated on payment settlement, they are now setting out in new fields, expanding their offerings to financial software or data analysis services. According to “The Rise of Fintech and Changes in the Financial Industry”, a report issued by the Hyundai [...]
SEOUL, Sept. 4 (Korea Bizwire) — Nearly half of South Korea’s top businesses are expected to see their sales shrink this year due to a global economic slowdown and weak domestic demand, market observers said Friday. According to market analysts, only 56 percent of the country’s 300 largest firms by stock market capitalization are expected to [...]
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 7 (Korea Bizwire) – South Korea’s government and the central bank may be pressed to conduct expansionary fiscal policy and cut the key rate on concerns that the outbreak of Middle East Respiratory Syndrome (MERS) is likely to weigh on economic growth, experts said Sunday. South Korea reported its fifth death from the [...]
SEOUL, Mar. 4 (Korea Bizwire) — Korea’s increasing FDI has resulted in the dissolution of 24,000 domestic high-quality jobs per year, according to a Hyundai Research Institute (HRI) report published on March 3. A researcher from the institute said that Korean companies need to invest at least 3.4 billion dollars annually in Korea to maintain its domestic [...]
SEOUL, Jan. 14 (Korea Bizwire) – China is ahead of the game compared to Korea in 13 out of 85 main areas of scientific research and technology, according to a report published by Hyundai Research Institute on January 11. According to the report, competition between Korea, China, Japan and Germany in areas of scientific technology is [...]