midsized firms Archives | Be Korea-savvy

S. Korea to Earmark 1.5 tln Won for R&D Projects to Support 2nd-tier Firms

SEOUL, Jan. 16 (Korea Bizwire) — South Korea will earmark 1.5 trillion won (US$1.22 billion) over the next 10 years for research and development projects aimed at nurturing second-tier, high-potential companies into global players and boost their exports, the industry ministry said Monday. It is part of the government’s comprehensive plan to boost the number [...]

Over 200 Midsized Firms Became Large Conglomerates in 2021: Data

SEOUL, Dec. 20 (Korea Bizwire) — A total of 205 medium-sized companies grew to earn the status of large conglomerates last year on rising sales and profits amid an economic recovery, government data showed Tuesday. Leading container shipper HMM Co., energy firm OCI Company Ltd. and 203 other midsized, high-potential companies were classified as large [...]