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Reporter : Kim Bo-eun
Mon, December 6, 2021 | 07:43
Korean firms appoint more young executives for agility
Korea's major companies are shattering their formerly rigid, rank-based and hierarchical cultures by promoting talented young workers in their 30s and 40s to executive positions, in a bid to make their organizations younger and more agile, and able to respond to changes. What is noticeable is that this wave is not an isolated development at a few companies, but in fact has be...
7 TV home shopping businesses fined W4 bil. for unfair practices
The Korea Fair Trade Commission (KFTC) said Sunday it had imposed 4.15 billion won ($3.46 million) in fines on seven TV home shopping businesses for unfair practices such as making vendors pay for promotional costs. The seven are GS Shop, Lotte Homeshopping, NS Shopping, CJ OnStyle, Hyundai Home Shopping, Home & Shopping and Gongyoung Shopping.
Samsung pursuing 'dual-track' approach in OLED business
Samsung is set to launch its quantum-dot organic light-emitting diode (QD-OLED) TV at CES 2022, but questions are mounting as to whether it will be able to meet market demand for new TVs as its display affiliate has a limited production capacity.
GS Group scion promoted to executive vice president
GS Group scion Huh Suh-hong was promoted to executive vice president as part of the latest promotions at Korea's eighth-largest business conglomerate on Wednesday. Huh has served as senior vice president of the group as the head of new businesses. GS's businesses include energy, retail and construction.
[ANALYSIS] Korea asked to offer more tax, R&D benefits for chip industry
Concern is growing over Korean chipmakers losing their edge at a time when major economies are stepping up support for key industries including semiconductors and batteries for electric vehicles (EVs). The government is urged to speed up provision of necessary support in R&D and investments into production facilities to prevent these firms falling behind major competitors.
Net regulator hints action against Netflix
Korea's broadcasting and telecom regulator implied Tuesday that it is open to working with its overseas counterparts in addressing the issue of getting content providers such as Netflix to pay network fees. Netflix does not pay telecom companies to use their networks, which has become an issue for the network operators, given that the surge in traffic is requiring network upg...
Genesis offers glimpse of flagship G90 sedan
Hyundai Motor's Genesis luxury vehicle division unveiled on Tuesday the exterior of its newest premium flagship sedan, the G90. The model, known to incorporate Level 3 self-driving features, is projected to be launched in late December. Courtesy of Hyundai Motor
SK On considers pre-IPO for financing investments
SK's battery affiliate is moving quickly to secure much-needed funds to finance aggressive investments in the U.S. and China. SK Innovation split off its battery business in October into a wholly owned subsidiary, SK On, as a means to raise funds via an IPO.
Eastar Jet to start fresh with stock retirement
Eastar Jet has cleared former shareholders as it takes steps according to its restructuring plan approved by a Seoul Court earlier this month. The Seoul Bankruptcy Court earlier this month approved the budget carrier's restructuring plan, enabling property developer Sung Jung to proceed with its planned acquisition.
Seasoned strategist named as LG COO
A seasoned strategist was appointed as the chief operating officer of the country's fourth-largest conglomerate.
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