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FirstCry’s IPO saw significant interest, being subscribed 12.22 times overall, with qualified institutional buyers leading the demand. Despite the strong initial response, experts suggest caution due to ongoing financial difficulties and rising debt.
The employment ice age of Japan created a tough environment for young people during this period. Many who managed to secure jobs found it difficult to climb the career ladder, as older employees, hired during the economic boom, were entrenched in their positions. This situation has been compounded by rising retirement ages, further limiting opportunities for advancement among the lost generation.
GS Engineering & Construction, a leading South Korean construction and engineering company, reported a net loss of 313.7 billion won ($235.5 million) for the fourth quarter, indicating a continuation of financial challenges compared to the same period a year ago.