How can Korea fix its birthrate? More corporate jobs, think tank says
A report from the Korea Development Institute argues that a shortage of jobs at conglomerates is affecting Korea's fertility rate and female employment as employees of smaller firms struggle to access parental welfare programs.
Chaebol children make a name for themselves in entertainment
Previously kept hidden under a veil of secrecy, heirs of chaebol, or Korean family-run conglomerates, are increasingly venturing into the public eye as professional entertainers or through social media.
Korean conglomerates surpass 3 million employees as SMEs shrink
The number of employees at Korean conglomerates exceeded 3 million for the first time last year, reaching 11 percent of the overall employment at local companies, while the number of employees at SMEs fell to its lowest level.
Samsung family to sell $2.12 billion worth of company shares to pay inheritance taxes
Samsung Group's family members plan to sell nearly 2.8 trillion won ($2.12 billion) worth of their shares in Samsung Electronics and other affiliates in a block deal in an apparent bid to pay inheritance taxes.
Samsung Chair Lee Jae-yong got $2 billion richer this year
Corporate tracker CEO Score has updated its list of Korea's 100 wealthiest individuals. Samsung Electronics Executive Chairman Lee Jae-yong has remained in the top spot, followed by his family members.
Samsung Chair Lee Jae-yong is now a viral meme
Samsung Electronics Executive Chairman Lee Jae-yong has become a meme after a photo of him making a shushing gesture went viral. The photo was taken during a visit to Busan, where Lee was supporting the city's development as a "global hub."
Financial conglomerates' capital adequacy improves in first half, FSS data shows
Financial conglomerates' capital adequacy ratio improved in the first half of this year, as a new accounting rule helped their insurance units solidify capital structure, data showed Wednesday.
More than a dozen chaebol scions indicted on alleged drug use
More than a dozen of second- or third-generation scions of Korean family-owned conglomerates have been indicted on charges of habitually using and selling marijuana, prosecutors said Thursday.
'There are no jobs left in good SMEs'
The number of unfilled vacancies at small- and medium-sized enterprises (SMEs) recently hit the highest point in 10 years at 114,000, with the most jobs in manufacturing and production.
Merger mania spreads in Korea as markets remain challenging
Large companies in Korea are seeking to merge subsidiaries and companies in which they have investments in an effort to streamline and strengthen operations amid economic uncertainties.