SEOUL, Oct. 4 (Korea Bizwire) — The value of the aggregate retained earnings piled up by South Korea’s top 100 companies has continued to increase over the past 10 years, surpassing the 1,000 trillion won (US$697 billion) mark last year, data showed Monday. According to the data that Rep. Hong Sung-kook of the Democratic Party [...]
SEOUL, April 19 (Korea Bizwire) – Some South Korean liberal groups are calling for the redistribution of wealth accumulated by Korea’s top 30 companies, citing the growing gap between the rich and poor that is devastating the middle class. At a protest held yesterday, liberal activists from groups like Korean Confederation of Trade Unions and [...]
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 [...]