SEOUL, Oct. 20 (Korea Bizwire) — A parliamentary investigation disclosed that the volume of earned surplus stocked up by large corporations has increased at a fast pace for the past few years. According to Congressman Lee Jong-kul (New Politics Alliance for Democracy) on October 18 based on data submitted by the Financial Supervisory Service, the [...]
HUNTSVILLE, Ala., Oct. 7 (Korea Bizwire) – SK Engineering & Construction (SKEC), a leading engineering, procurement, construction and maintenance services company and part of South Korea’s SK Group, has implemented a fully integrated Intergraph® SmartPlant® Enterprise solution to optimize its engineering, procurement and construction (EPC) process systems for project control and execution. Intergraph’s industry leading [...]
SEOUL, Sep. 19 (Korea Bizwire) – The economic value produced by the top-four Korean conglomerates, Samsung Group, Hyundai Motor, SK Group and LG Group, hit 140.2 trillion won, or about US$134.7 billion, in 2013, equivalent to 10 percent of the South Korea’s gross domestic products. Excluding the four, in contrast, the value-added generated by enterprises [...]
![[Quote] Former Chairman Chey Tae-won in Prison to Greet SK Group Members](http://koreabizwire.com/wp/wp-content/uploads/2014/09/SK-Chey.jpg "[Quote] Former Chairman Chey Tae-won in Prison to Greet SK Group Members")
“Now I am living my days feeling sorry that I cannot be with you, all of the SK Group employees, although I know what is occurring to our company and all of you are fighting desperately in the middle of a tough situation.” “I am striving to find what I can do and what matters [...]
SEOUL, July 31 (Korea Bizwire) – A study said the average tenure of top-30 group CEOs is only 2.6 years. According to CEO Score, a website tracking corporate performances, based on a survey on 576 former professional CEOs except those related with owner families who were hired since January 1, 2000, the average lifespan of these corporate [...]
Seoul, Korea, Jul. 8 (Korea Bizwire) – SK Telecom (NYSE:SKM) today announced that it signed a MOU with Telecom New Zealand for cooperation in business and technology with regard to Internet of Things(IoT). The signing ceremony of the MOU took place in Oakland, New Zealand and was attended by Cho Seung-won, Senior Vice President and [...]
SEOUL, July 4 (Korea Bizwire) – While Korea’s large business groups like Samsung, Hyundai and SK gained about half its sales from overseas markets, their domestic sales decreased 5 percent and their portion fell 2 percentage points respectively last year. According to a recent survey conducted by CEO Score investigating the business performances of the nation’s [...]
SEOUL, June 21 (Korea Bizwire) – The corporate social responsibility (CSR) activities of domestic companies become increasingly crucial as South Asian and Southeast Asian countries centering on India ask them to expand the CSR activities. For example, India enforced a law making CSR activities compulsory for large companies last April. According to the law, companies [...]
SEOUL, June 10 (Korea Bizwire) – In its novel attempt to draw attention to traditional markets which have seen stalling growth in terms of sales volume, SK Telecom has decided to hold a robot game competition for elementary school students at a traditional market in Incheon. The largest mobile carrier in Korea announced that it would organize [...]
SEOUL, June 07 (Korea Bizwire) – SK Hynix has taken over the firmware unit of Softeq Development FLLC. It is the fifth time over the recent two years that SK Hynix has taken over companies or divisions related to NAND flash memory chips. On June 5, SK Hynix announced that the company has acquired the [...]