SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s biggest conglomerates are ramping up hiring in a coordinated move to bolster future growth sectors and answer government calls for job creation, unveiling plans that together run into tens of thousands of new positions. Samsung Group, the country’s largest business empire, said Thursday it will recruit 60,000 [...]
SEOUL, Aug. 1 (Korea Bizwire) — The market value of firms affiliated with South Korea’s top 10 conglomerates has fallen off this year as their stocks were affected by bearish market conditions, data showed Wednesday. The combined market value of listed firms belonging to the 10 leading business groups came to 913.2 trillion won (US$814 [...]
SEOUL, June 15 (Korea Bizwire) – Recent data shows jobseekers prefer large corporations over small and medium-sized firms not only for the pay, but also for the work-life balance and corporate culture, among other considerations. Based on an analysis of reviews of small and medium-sized firms on the website JobPlanet, a rating website for companies, [...]
SEOUL, Sept. 22 (Korea Bizwire) – South Korean companies suffered a setback in sales, but their profitability improved in the second quarter compared to a year earlier, central bank data showed Thursday. Combined sales in local firms with assets worth over 12 billion won (US$10 million) fell 1.9 percent in the April-June period from a [...]
SEOUL, May 25 (Korea Bizwire) – South Korea’s top 30 business groups reduced the number of their executives by about 500 over the past year due mainly to downsizing and business restructuring moves, data showed Wednesday. The total number of senior executives at the 30 largest conglomerates was 9,632 as of May 16, down 484, [...]
SEOUL, May 23 (Korea Bizwire) – Domestic electronics companies have not been able to escape the slow growth in the IT electronics industry. Total sales at the top 1,000 electronics companies have dropped by 11 trillion won in the past year, and 80 percent of all sales came from the ten ‘trillion-club’ companies. According to [...]
SEOUL, May 23 (Korea Bizwire) – The prolonged economic slowdown and corporate restructuring have pushed some of Korea’s top 100 listed companies to trim their workforces. According to chaebul.com, as of March 2016, the number of employees at 51 of top 100 Korean listed companies had decreased from the end of last year. The total [...]
SEOUL, May 4 (Korea Bizwire) — The debt held by South Korea’s leading conglomerates increased 2.5 percent in 2015 from a year earlier, with five of them logging debt ratios exceeding 200 percent, corporate data showed Wednesday. According to the data by market researcher CEO Score, 252 affiliates of the country’s top 30 business groups [...]
SEOUL, April 18 (Korea Bizwire) – Samsung Group slashed more than 10,000 jobs last year, the biggest cuts among South Korea’s top 30 conglomerates, according to data from CEO Score, a market research firm. While many of the job losses resulted from the sale of Samsung’s petrochemical and defense businesses, the nation’s largest company is [...]
SEOUL, Korea, Mar 9, 2014 (Korea Bizwire) – The government-appointed National Commission for Corporate Partnership designated in November 2011 a total of 82 business areas for small business protection, meaning that entrance of large corporations into these sectors would be subject to regulation. When the commission decided on these matters, it included tofu making as [...]