SEOUL, Nov. 26 (Korea Bizwire) – The nation’s top court ruled Thursday that GM Korea Co. should count performance-based monthly wages paid to its employees as part of their ordinary salaries. A total of 1,025 of its workers filed a lawsuit demanding the management include performance-based pay and vacation stipends as part of ordinary pay [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Tuesday it will open more of its technology patents to smaller local firms in line with its vision for shared growth. In June this year, Samsung also said it will share 3,000 technology patents with local firms free of charge. [...]
SEOUL, Nov. 19 (Korea Bizwire) – China expanded its share in the global TV market in the third quarter, narrowing the gap with No. 1 South Korea, industry data showed Thursday. Beijing took up 27.2 percent of the global TV market in the July-September period, up 2.3 percentage points from a quarter earlier, the data [...]
SEOUL, Nov.18 (Korea Bizwire) – Research suggests that a decrease in working hours for Koreans, who currently work longer hours than almost anybody in the developed world, would lead to a drastic increase in the number of jobs created. At the Employment Impact Assessment Debate hosted by the Ministry of Employment and Labor and the [...]
SEOUL, Nov.18 (Korea Bizwire) – Dr. Chung’s Foods announced that it will be exporting 100,000 packs of eight different types of Vegemil soymilk, which are halal assured, to the United Arab Emirates (UAE). The exports are the result of an agreement with 1004 Mart, the largest Korean supermarket in the Middle East. Prior to the [...]
SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw sales in Europe grow in October, driven by strong demand for sport utility vehicles, industry data showed Tuesday. According to data by a local automotive association, Hyundai Motor sold 37,967 cars in Europe last month, up 4.4 percent [...]
SEOUL, Nov. 17 (Korea Bizwire) – South Korea’s LG Display Co. maintained its top position in the large-sized panel market for the sixth consecutive year, data showed Tuesday, coming in far above other South Korean and Taiwanese rivals. LG shipped 39.4 million units of display panels 9 inches or higher in the July-September period with [...]
SEOUL, Nov. 16 (Korea Bizwire) – LG Electronics Inc.’s organic light-emitting diode (OLED) TV has received the best response from a U.S. consumer review magazine, industry sources said Monday. In the recent review by Consumer Reports, the 55-inch LG OLED TV, dubbed the 55EG9100, has received the top grade among other rival models surveyed in [...]
SEOUL, Nov. 16 (Korea Bizwire) – Hyundai Motor Group, the world’s No. 5 automaker, said Sunday its mid-sized models took up more than 20 percent of its combined sales in China through October this year. Hyundai Motor Co. and Kia Motors Corp. shipped 263,610 mid-sized cars to China over the January-October period, taking up 20.5 [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean tech behemoth Samsung Electronics Co. became the top smartphone seller in five major regions of the world in the third quarter of the year except in North America, where its archrival Apple Inc. dominated, a report showed Sunday. In the July-September period, Samsung posted the largest smartphone [...]