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Reporter : Yoon Ja-young
Tue, October 4, 2022 | 11:44
Glass ceiling still thick in Korea
One out of four workers at conglomerates is a woman, but the glass ceiling still seems to be thick, as Korea recently fell in female employment numbers with figures far below the average of developed countries.
Korea rated poor in labor market, management practices
Korea's overall competitiveness has improved from last year, but it is still lagging behind in terms of labor market and management practices, a report by an international research institute showed Thursday.
WeMakePrice, Coupang penalized for abusing suppliers
The country's leading online shopping malls WeMakePrice, Coupang and Ticket Monster faced 130 million won in penalties for abusing suppliers.
Asia gathers to resolve water problems
An international body organized by K-water to tackle water problems has begun holding a board meeting.
Duty free licenses to be extended to 10 years
Conglomerates operating duty free shops may be able to have their operational duration guaranteed for 10 years after obtaining licenses. The government will also issue more licenses when the number of tourists and sales at duty free stores surge.
Domestic consumption showing signs of slump
While Korea's outbound shipments continue sustaining the economy, domestic consumption is showing signs of a slump with top retailers reporting falling sales.
'Inter-Korean shares' face murky outlook
Stocks related to inter-Korean economic cooperation are fluctuating, as the outlook on the peaceful reconciliation with North Korea is turning uncertain. It adds to the concern of small investors who purchased those shares on credit.
Voices growing against minimum wage hike
The Moon Jae-in administration's plan to steeply raise the minimum wage is facing hurdles as voices opposing the plan are gaining momentum.
Koreans showing little interest in 2018 World Cup
The 2018 World Cup is nearing, but businesses in Korea seem uninterested in what could be a major marketing opportunity. Local issues such as the inter-Korean summit and the elections have stolen the spotlight from the sporting event while football fans don't expect much from the national squad, analysts point out.
Korean firms vulnerable to speculative hedge funds
As global activist hedge funds are increasingly threatening local businesses, entrepreneurs are demanding the government provide them with shields such as poison pills and golden parachutes.
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