Big companies have been hit hard by the pandemic, with 11 of the 15 largest reporting revenue drops in the first half.
Game company NCSoft’s founder and CEO Kim Taek-jin was Korea's highest-paid chief executive during the year’s first half, earning 13.3 billion won ($11 million). Kim's paycheck was hugely inflated by a 12.3 billion won bonus following the success ...
The government announced a legislative reform plan that will ease conditions that restrict the creation of corporate venture capital, which has not been possible under laws that prevent non-financial companies from owning financial companies
Chaebols are in a rush to raise cash, with the goal of securing ammunition for possible merger and acquisition deals. or simply gearing up for economic uncertainties from the coronavirus pandemic.
Rival political parties and executives of major conglomerates have joined a government-led campaign for the wealthy to donate their share of emergency disaster relief funds as the country struggles to prevent a second wave of coronavirus infections