SEOUL, May 8 (Korea Bizwire) – SK C&C, the holding company of SK Group, posted highest-ever profit during the first quarter in its history. As the only listed company among big-three IT service companies in Korea, it recorded 523.8 billion won of sales and 55.5 billion won of operating profit, 3.2 percent and 42.7 percent [...]
SEOUL, May 8 (Korea Bizwire) – As the financial results of Korea’s major corporations worsen, the corporate tax receipts paid by the companies have also shrunk. According to the Financial Supervisory Service and FnGuide, a financial information provider, on May 7, the 87 affiliate firms within the top-ten business groups posted the pretax net profit at 50.9 [...]
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 [...]
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – Korean conglomerates and financial service firms have almost doubled their presence in Hong Kong since the global financial debacle in 2008. However, according to Yonhap News Agency, European firms and financial companies are moving to leave the “Pearl of Asia” in droves, raising concerns among Korean companies [...]
SEOUL, Korea, Dec 30 (Korea Bizwire) – SK C&C, an SK Group company specializing in IT services such as IT consulting, outsourcing, system integration, and system maintenance, will accelerate its move into the big-data market in the new year. The company said this on December 29, adding its 50-person big data task force would be expanded [...]