By Reporters Kim Jung-mi with Sua Kim, Son Da-somThis is the third installment in a series articles on the leading business conglomerates in Korea and around the world published in the interest of building a bridge between the business leaders of Korea and various countries around the world.—E
Samsung Electronics Co., the world's largest producer of semiconductors and smartphones, maintained its No. 1 sales ranking among South Korean companies for the 17th straight year in 2018, a local market researcher said Sunday.According to the Korea CXO Institute, the company accounted for some
The global semiconductor industry is expected to expand 2.6 percent on-year in 2018 on steady demand, despite an end to a super boom in the memory chip segment, a report showed Monday.According to the recent report from market researcher Gartner, sales of the world chip industry are projected to rea
SEOUL, Jan. 10 (Yonhap) -- South Korea's industry ministry said Thursday it will carry out various measures to support local steelmakers as protectionism policies around the world are expected to weigh down companies in 2019.During a meeting with representatives from steel companies, Industry Mi
SEOUL, Jan. 9 (Yonhap) -- One out of four chief executives at South Korea's 500 largest companies were outsourced, a market research firm said Wednesday.As of Friday, there were a total of 657 CEOs at the country's leading firms. Of the total, the career histories of 566 are known, and of th
SEOUL, Jan. 9 (Yonhap) -- Korea Hydro & Nuclear Power (KHNP) and other South Korean companies are vying to win a long-term maintenance deal for the Barakah nuclear power plant in the United Arab Emirates, industry sources said Wednesday.According to the sources, Nawah Energy Company, the operator of
The disappointing fourth-quarter earnings of South Korea's tech behemoth Samsung Electronics Co. serves as a negative factor for its credit, but its operating profit is still supportive of the current rating, the global investor service agency said Wednesday.On Tuesday, Samsung Electronics repor
South Korean home appliance maker LG Electronics Inc. on Monday unveiled the world's first rollable OLED television, which can appear and disappear from a base unit with a click of a remote control.The LG Signature OLED TV R model, which measures 65 inches and features a 4K resolution display, w
The number of new corporations set up in November in South Korea edged down 3.8 percent from a year earlier due mainly to a decrease in the electricity and gas segment, data showed Sunday.According to the Ministry of Small and Medium-sized Enterprises and Startups, the number of new corporations in
The European Commission has informed the World Trade Organization (WTO) of its decision to adopt a 25-percent duty on imports of steel into the European Union above a certain level from Feb. 2, the foreign ministry said Friday.In the notice to the WTO, the EC said steel imports below 105 percent of
By Publisher Lee Kyung-sik with Editors Choe Nam-suk, Kim Jung-mi Chairman Yongmaan Park of the Korea Chamber of Commerce and Industry said, “We have good news that we have achieved the aim of attaining the US$30,000 goal in the per-capita GNI of the people and the trade volume of US$1 trillion as w
South Korea's Hyundai Heavy Industries Group said Thursday its three arms are seeking to secure combined deals worth US$15.9 billion this year in the shipbuilding segment.The combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy and Hyundai Mipo Dockyard Co. marks a 20.7 percent r
GM Korea Co., the South Korean unit of General Motors Co., said Tuesday it has cut the prices of mainstay models in an effort to revive lackluster sales.Starting from Tuesday, GM Korea revised down the prices of its major models, such as the Impala sedan and the Trax and Equinox sport-utility vehicl
The average daily wage of production workers at small and medium-sized enterprises (SMEs) stood at 88,503 won (US$79.2) in the second half this year, up 1.5 percent from the previous six-month period, data showed Sunday. The latest findings that checked 1,200 companies with annual sales exce
The government is pushing to require all communication facilities to install bypass networks in case of serious disruptions to its operations following a transceiver station fire at the nation's second-largest mobile carrier KT Corp., officials said Thursday.A set of countermeasures to strengthe
Customs authorities have referred family members of Korean Air Chairman Cho Yang-ho to state prosecutors on smuggling charges, an official said Thursday.It the latest bout of negative attention to hit South Korea's largest national flag carrier, Cho's wife Lee Myung-hee and their two daughte
South Korean manufacturing companies' sluggish sentiment on the business climate is set to continue into the new year amid a sharp drop in oil prices, a central bank poll showed Friday.The business survey index (BSI) for manufacturers came to 71 for January, unchanged from this month, according
South Korea's industrial output fell 0.7 percent in November from a month earlier due to a decline in production in the mining and manufacturing, and service sectors, government data showed Friday.The data compiled by Statistics Korea showed production in the mining, manufacturing, gas and elect
The South Korean government said Friday it has decided to mark up the purchase price of rice set aside for emergency reserves to better help local farmers.The Ministry of Agriculture, Food and Rural Affairs said it decided to set this year's price for a 40-kilogram sack of rice at 67,050 won (US
Rival parties on Wednesday continued their deliberation over a revised bill aimed at better ensuring contract workers' on-the-job safety following the recent death of a young temporary worker at a thermal power plant.The ruling Democratic Party (DP) and two opposition parties discussed details a