SEOUL, April 4 (Korea Bizwire) — Major South Korean companies’ inventories surged nearly 30 percent in 2022 from a year earlier amid a global economic slump, a corporate tracker said Tuesday. Combined inventories of 212 out of the country’s top 500 firms by sales reached 175.5 trillion won (US$134 billion) as of end-December last year, [...]
SEOUL, March 5 (Korea Bizwire) — Inventory of South Korean chipmakers has increased to a nearly 26-year high in January, data showed Sunday, reflecting the sluggish global demand amid the economic uncertainties. The inventory-to-sales ratio of chips came to 265.7 percent in January, the highest since 288.7 percent posted in March 1997, according to the [...]
SEOUL, Nov. 22 (Korea Bizwire) — Major South Korean companies’ inventories spiked nearly 36 percent in the first nine months of this year amid a global economic slump, a corporate tracker said Tuesday. Combined inventories of 195 out of the country’s top 500 firms by sales came to 165.4 trillion won (US$122 billion) as of [...]
SEOUL, Nov. 2 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip maker, is agonizing over its growing stockpile of inventory amid a slowdown in chip demand worldwide. According to company data, its third-quarter inventory assets amounted to 57.3 trillion won (US$40.4 billion) after passing the 41 trillion won mark in the fourth [...]
SEOUL, Feb. 11 (Korea Bizwire) — Inventory of South Korean manufacturers has increased to its highest point in 10 years, data showed Monday, a likely sign of a dulled economy. Figures obtained from the Korea Center for International Finance and Statistics Korea put the inventory-to-sales ratio in December last year at 116 percent. The number [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korea’s milk industry has been mired in a quandary over increasing milk inventories over the past years due to an oversupply and sluggish consumption amid falling birthrates and a prolonged economic slump. In a desperate bid to tide over the difficulty, the industry has been trying to cut [...]