SEOUL, Nov. 19 (Korea Bizwire) – A survey reveals that over half of the companies listed as intending to venture into new businesses such as secondary batteries and artificial intelligence (AI) had no track record of actually promoting such initiatives. The Financial Supervisory Service (FSS) released a report on Sunday titled ‘Follow-up on the Results [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s listed companies are likely to see their earnings spike nearly 50 percent in the third quarter on brisk exports, a market tracker said Thursday. The combined operating income of 246 listed firms is expected to reach 59.6 trillion won (US$50.6 billion) for the July-September period, up about [...]
SEOUL, March 24 (Korea Bizwire) — Outside directors at South Korea’s major listed companies voted for nearly all agenda items at board meetings in 2020, a report showed Wednesday, raising suspicions that they serve as mere rubber stamps. Independent directors at 277 listed units of 64 conglomerates approved 99.53 percent of the total 6,716 motions [...]
SEOUL, Feb. 18 (Korea Bizwire) — With the season of general shareholder meetings coming close at hand, an increasing number of South Korean listed companies are attempting to introduce the electronic voting system while holding such meetings in both online and offline formats. Samsung Electronics Co. is scheduled to host its regular shareholder meeting at [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korean listed companies saw their first-half earnings plunge sharply, data showed Wednesday, due mainly to the fallout of the new coronavirus pandemic. The combined net profit of 690 listed firms on the main KOSPI bourse reached 25.54 trillion won (US$21.6 billion) in the January-June period, down 34 percent [...]
SEOUL, May 19 (Korea Bizwire) — South Korean listed companies’ profits almost halved in the first quarter of the year, data showed Tuesday, an apparent fallout from the new coronavirus outbreak. The combined net profit of 592 nonfinancial companies listed on the main bourse came to 11.03 trillion won (US$8.99 billion) in the January-March period, [...]
SEOUL, Apr. 2 (Korea Bizwire) — S-Oil Corp., run by Saudi Aramco, had the highest average salary among all listed South Korean companies in 2018, a local job search portal operator said Tuesday. According to JobKorea Corp., the refiner paid its employees an average of 137 million won (US$120,000) last year. This placed it at [...]
SEOUL, Dec. 9 (Korea Bizwire) — The operating profits of South Korea’s listed companies belonging to the largest conglomerates contracted in the January-September period of this year if the numbers for Samsung Electronics Co. and SK hynix are excluded, a local business tracker said Sunday. The total for the 94 companies, not counting the two [...]