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Tue, May 30, 2023 | 20:10
Big businesses face growing union pressure to extend retirement age
Extending the retirement age beyond 60 has become the top priority of unionized workers at major Korean companies in this year's collective bargaining talks, according to industry officials, Tuesday.
Companies | 2023-05-30 17:00
HanmiGlobal to monitor building of 80,000 houses for Neom construction workers
HanmiGlobal said Tuesday it won an order to monitor the building of an additional 10,000 houses for Saudi Arabia's Neom construction workers by May 2024. The latest contract was signed after the Korean project management firm won an order last November to monitor the building of 50,000 houses in the construction worker villages and an additional order in March to monitor the ...
Companies | 2023-05-30 11:37
Korea walks fine line between US, China in chip war
Korea took a cautious stance once again between the U.S. and China during a series of trade ministerial meetings in Detroit last weekend, in an apparent attempt to avoid provoking either country amid the intensifying chip war between the world's two largest economies.
Companies | 2023-05-28 16:18
Labor unions seek to attract migrant workers at shipyards
The Korean Confederation of Trade Unions (KCTU) has accelerated its efforts to attract migrant workers at local shipyards, a pressing issue for Korean shipbuilders and their subcontractors, which have suffered from labor shortages as global demand for vessels picks up, according to industry officials, Sunday.
Companies | 2023-05-28 14:31
Controversy grows over death of LG Display worker
LG Display is embroiled in controversy after one of its employees, a man in his 40s, was found dead last Friday on the south bank of the Han River near Yeouido, where the company's headquarters are located, according to industry officials, Wednesday.
Companies | 2023-05-24 16:45
Shipbuilders struggle with foreign workers deserting jobs
Shipbuilders are seeing an increasing number of foreign workers deserting their jobs and escaping from the shipyards, according to industry officials, Wednesday, who also said the aggravated labor shortages are making it harder for the shipbuilders to meet the growing global demand for vessels.
Companies | 2023-05-24 15:53
Hanwha Ocean launched amid volatile labor-management relations
Hanwha Ocean started operating as the shipbuilding subsidiary of Hanwha Group, Tuesday, after its shareholders agreed on proposals to change its name from Daewoo Shipbuilding & Marine Engineering (DSME) and appoint new management.
Companies | 2023-05-23 16:53
ASM to hire 200 more workers after building new plant in Korea
ASM will hire around 200 additional employees in Korea over the next three to five years, following its plan announced earlier this year to invest $100 million to build a second manufacturing and R&D facility next to an existing one in Hwaseong, Gyeonggi Province, the Dutch semiconductor equipment supplier said Tuesday.
Tech | 2023-05-23 15:24
Ontario offers more incentives to attract LGES-Stellantis battery plant
The Canadian province of Ontario has offered to share the burden with the country's federal government to give larger incentives to secure the construction of a joint battery plant run by LG Energy Solution (LGES) and Stellantis. The latest development indicates the companies have gained an advantage in their ongoing negotiations, according to industry officials, Monday.
Companies | 2023-05-22 16:29
LH chief opposes land minister's idea of abolishing 'jeonse'
Korea Land and Housing Corp. (LH) CEO Lee Han-jun has attracted public attention by speaking out against the idea of abolishing “jeonse,” a unique Korean house rental system, which was initially proposed by Minister of Land, Infrastructure and Transport Won Hee-ryong, who supervises the state-run real estate developer, according to industry officials, Monday.
Companies | 2023-05-22 16:24
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