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Reporter : Yoon Ja-young
Tue, October 4, 2022 | 12:52
President Moon faces pressure to rein in minimum wage hikes
Despite President Moon Jae-in's remarks that the minimum wage hike has had a 90 percent positive effect, the administration is facing mounting pressure to slow down the pace of raising it as studies are pointing to negative impacts on the job market.
Firefighter couple introduces their job in book
Firefighting couple, Kim Yong-hwan and Lee Seong-suk, who work in Seoul, got married in 2005 and have since become parents, but they became concerned after finding out that their children think they have “pitiable” jobs.
'Korea should adopt biz-friendly regulations'
Deregulation has been a priority of each administration, but businesses still suffer from multiple regulations here. They may learn from Switzerland, which has topped global innovation rankings for the past several years.
Minimum wage stirring conflict within administration
The steep minimum wage hike is causing a conflict in the economic control tower of the Moon Jae-in administration, leading to concerns it will lose trust with the market by failing to have a unified voice.
LG to restructure system semiconductor business
LG Group is restructuring its system semiconductor business in a move to enhance corporate efficiency. Its affiliate Silicon Works will be in charge of designing timing-controller (T-Con) chips for organic light-emitting diode (OLED) TVs. The system Integrated Chip (SIC) Center, which has been developing LG Electronics' semiconductors under the leadership of its chief technology officer (CTO), meanwhile, will be designing system semiconductors for home appliances and smartphones.
Samsung supports hearing impaired children in Myanmar
Link for Aid, a charity organization based in Italy, and photographer Francesca Moscheni gathered with four businesses including Samsung Electronics in Myanmar to publish a special photo book titled “Silent Yangon.”
Gov't under fire for failing to back low-income bracket
As the government is expected to further inject funds to pull up income for low-income households, concern is growing that it is sticking to policies that have already proven to have failed.
Coway, Chungho Nais penalized for misleading ads
The country's major air purifier manufacturers including Coway and Chungho Nais have been fined 1.5 billion won in total for misleading advertising.
Hyundai E&C to build landmark residential complex in Gunpo
Hyundai Engineering & Construction (E&C) will build five 49-story residential buildings in Gunpo, Gyeonggi Province, turning the site previously occupied by a pharmaceutical company into a regional landmark.
JTI Korea promotes smoking etiquette
Smokers are being called to exercise proper manners these days, to co-exist peacefully with non-smokers. JTI Korea, the Korean unit of the global cigarette company Japan Tobacco International (JTI), held a campaign Friday to promote proper smoking etiquette.
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