SEOUL, Oct. 23 (Korea Bizwire) — Lotte Group said Tuesday it will invest 50 trillion won (US$44 billion) and create 70,000 new jobs in the next five years in its first major business decision after its chief returned to the helm of South Korea’s fifth-largest conglomerate. Lotte Corp., the business group’s holding firm, said that [...]
SEOUL. April 24 (Korea Bizwire) – South Korea’s top 10 conglomerates have increased their cash reserves over the past year. According to a study conducted by progressive civic groups, the combined retained earnings of the top 10 Korean chaebols (conglomerates) increased about 9 percent to 550 trillion won in the past year. The civic groups [...]
![[Quote] GS Chief Pursues Goal to Make GS Sustainable Company](http://koreabizwire.com/wp/wp-content/uploads/2014/09/2014092217441951272_20140922175920_1.jpg "[Quote] GS Chief Pursues Goal to Make GS Sustainable Company")
“In retrospect, GS has put forth its utmost efforts to become a leading company in the world for ten years, but it seems that we still have a long way to go.” “In order to grow into an ever prosperous corporation for next 100 years, we should be more proactive in a fast-changing business environment, [...]
SEOUL, May 3 (Korea Bizwire) – The first week of May is a “Golden Holiday Week,” as May 1 begins with May Day, followed by Saturday and Sunday, Children’s Day on the 5th, and Buddha’s Birthday on the 6th. Any office worker who takes a day of break on the 2nd (Friday) can enjoy a [...]
SEOUL, Korea, April 21, 2014 (Korea Bizwire) – Ever since a top conglomerate in Korea decided to let advertising agencies outside their league of affiliates bid for their projects, it has been pitching and tossing in the ad world. The agencies affiliated with the big fishes have submerged while independent ad firms and foreign agencies [...]