Korea Joongang Daily
Korea JoongAng Daily

Jobs at major Korean firms drop 0.4% in 2025

Employment at Korea's 476 largest companies edged down 0.4 percent from a year earlier in 2025 as gains at K-beauty and semiconductor firms were offset by job cuts elsewhere, industry data showed Wednesday.

2026-02-11

Gov't anticipates corporate tax revenue boost amid strong earnings

Korea is likely to collect more national tax revenue than expected this year, a shift that could end three years of tax shortfalls and possibly lead to a supplementary budget.

2026-02-10

SK hynix calls for eased regulation on business structure amid AI competition

SK hynix on Wednesday called on the government to ease fair trade regulations to help the business launch a special purpose company aimed at raising the cash needed for its major investment projects amid the AI boom.

2025-12-24

Cabinet approves bill to raise tax on corporate income to 25%

The Cabinet on Tuesday approved a bill raising tax rates on corporate income by 1 percentage point across all taxable income brackets starting next year, as the government seeks an expansionary fiscal policy.

2025-12-16

LG Corp. to cancel treasury shares worth 250 billion won by 2026

LG said on Friday it will cancel all of its remaining treasury shares worth 250 billion won ($168 million) by mid-2026 and accelerate shareholder returns across LG Group as part of a broader effort to lift its valuation.

2025-11-28

Corporate direct financing dips over 17% in October

Corporate direct financing sank 17.4 percent from a month earlier in October due largely to a sharp decline in stock sales, while bond sales also shrank, data showed Wednesday.

2025-11-26

Samsung chief's right-hand man steps back in early leadership reshuffle

Samsung Electronics Vice Chairman Chung Hyun-ho is stepping down from his role as head of the business support task force, marking his retirement from front-line management.

2025-11-07

Corporate direct financing spikes 47 percent in Sept. on heavy debt sale

Corporate direct financing in Korea soared 47 percent from a month earlier in September on the back of a sharp rise in debt sale, data showed Wednesday.

2025-10-29

Amazon to cut up to 30,000 corporate jobs, sources say

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic.

2025-10-28

Over 470,000 firms fail to report net profit in 2024

More than 470,000 Korean companies that paid corporate taxes in 2024 failed to post a net profit amid an economic slowdown, government data showed Thursday. The number of companies that reported no net income reached 471,163 last year.

2025-10-09