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Sat, May 28, 2022 | 16:28
Employers criticize Supreme Court ruling against peak wage system
Business lobby groups expressed concerns, Thursday, about potential side effects from the Supreme Court's ruling against the peak wage system, which has been implemented by many domestic companies to gradually reduce the salaries of older workers before retirement. The lobby groups claimed that nullifying the system will weigh further on employers, causing job instability.
Companies | 2022-05-26 16:40
British TV presenter views 'brutal' netizens as challenge to Korean entertainment
A British adventurer, who has also worked as a television presenter in Korea, mentioned “criticism from netizens” as one of the difficulties actors face in the Korean television industry. Sharing his personal experiences of working in the Korean entertainment industry, James Hooper, who summited Mount Everest at age 19 and has appeared on numerous Korean television shows incl...
Companies | 2022-05-26 16:06
Chaebol leaders pledge support for SMEs
Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Euisun, LG Group Chairman Koo Kwang-mo and Lotte Group Chairman Shin Dong-bin promised Wednesday that they will support small- and medium-sized enterprises (SMEs) here to prosper together with them.
Companies | 2022-05-25 20:05
Toward hydrogen economy
H2Korea Chairman Moon Jae-do, front row sixth from left, and Second Vice Industry Minister Park Il-jun, front row seventh from left, pose with representatives of hydrogen associations from 17 countries during the Global Hydrogen Industrial Association Alliance Forum at Four Seasons Hotel Seoul, Wednesday. Korea was chosen as the first chair country of the international allian...
Tech | 2022-05-25 16:23
World Gas Conference organizer apologizes for banning media access
The 28th World Gas Conference's National Organizing Committee apologized late Tuesday for prohibiting reporters from covering President Yoon Suk-yeol's speech at the conference's opening ceremony held that morning in the southeastern city of Daegu. The organizer's apology came after its “embargo request” developed into a political dispute, leading to an opposition party denou...
Companies | 2022-05-25 15:18
Yoon urges transition to hydrogen economy at World Gas Conference
DAEGU - President Yoon Suk-yeol emphasized Tuesday that Korea needs the “right mix” of nuclear power, renewable energy sources and natural gas to fulfill its responsibility and role for the international community's efforts to achieve carbon neutrality. He made the remarks at the 28th World Gas Conference held in the southeastern city of Daegu.
Companies | 2022-05-24 15:50
Korean Air sure of approvals from US, China for Asiana takeover
Korean Air issued a statement Monday to deny speculations that it is facing setbacks in receiving approvals from overseas antitrust regulators for its acquisition of its domestic rival, Asiana Airlines. “Korean Air has made every effort to get approval for the merger in other countries,” the largest air carrier in Korea said. “Each country's review is underway without any set...
Companies | 2022-05-23 16:40
SK created 18 trillion won in social value in 2021
The entire social value created last year by SK Group affiliates rose 60 percent year-on-year to 18.4 trillion won ($14.5 billion), according to the group's own formula for measuring social value which was revealed to the public for the first time, Monday. The conglomerate said it made indirect economic contributions worth 19.34 trillion won in 2021, as it paid higher taxes a...
Companies | 2022-05-23 15:02
Korean steelmakers unlikely to benefit from Biden's visit
Domestic steelmakers have remained skeptical that U.S. President Joe Biden's meeting with President Yoon Suk-yeol will lead to the renegotiation of the U.S. import quota on Korean steel products, according to industry officials, Friday. “Chance are slim for the steel tariffs being placed on the summit's agenda,” a Korea Iron & Steel Association official said. “This topic shou...
Politics | 2022-05-21 09:00
S-Oil CEO apologizes for deadly refinery explosion in Ulsan
S-Oil CEO Hussain A. Al-Qahtani held a press conference in Ulsan, Friday, to make a public apology for Thursday night's explosion at the company's refinery in the southeastern industrial city, which killed one subcontracted worker and injured nine more.
Companies | 2022-05-20 14:33
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