SEOUL, Jan. 12 (Korea Bizwire) — Samsung Electronics has expanded its stock-based bonus program to include all employees, ending a rule that had required executives to receive at least half of their performance bonuses in company shares, according to people familiar with the decision. The move comes as Samsung’s share price has surged over the past [...]
SEOUL, Jan. 12 (Korea Bizwire) — Samsung Electronics is on the verge of forming its first-ever majority labor union, as membership in its cross-company union has surged amid persistent employee dissatisfaction over performance-based pay, despite the company’s record profits. According to industry sources on Jan. 11, membership in the Samsung Electronics branch of the cross-company union [...]
SEOUL, Jan. 12 (Korea Bizwire) — Women in South Korea who leave the workforce due to pregnancy, childbirth or caregiving face persistent economic penalties when they return to work, with four in 10 earning less than before their career break, according to a new study released on Sunday. The report, published by the Seoul Foundation of [...]
CHANGWON•SACHEON, Jan. 8 (Korea Bizwire) — Two undocumented migrant workers injured while fleeing an immigration enforcement operation in South Gyeongsang Province last year have been officially recognized as victims of industrial accidents, a decision that labor groups say highlights gaps in workplace safety and protections for foreign workers. The South Gyeongsang branch of the Korean Confederation [...]
SEOUL, Jan. 6 (Korea Bizwire) — The labor ministry on Tuesday vowed to take stern action against U.S. e-commerce giant Coupang Inc. amid allegations the company violated a set of workplace laws. The remark came after the Ministry of Employment and Labor launched a task force to investigate suspected violations of labor and industrial accident [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea will allow foreign aquaculture technicians to work across a broader range of farmed species starting this year, as the government moves to ease chronic labor shortages in the country’s aging fisheries sector. The Ministry of Oceans and Fisheries and the Ministry of Justice said Monday that the scope [...]
SEOUL, Jan. 5 (Korea Bizwire) — Employees at smaller companies in South Korea are significantly less satisfied with their jobs and more likely to experience violations of labor laws than those at larger firms, according to a new survey released on Sunday by the civic group Workplace Bullying 119. The survey, conducted by Global Research between [...]
SEOUL, Dec. 31 (Korea Bizwire) — A broader swath of South Korean companies will soon be required to file regulatory disclosures in English, a move aimed at opening the country’s capital markets further to foreign investors, even as a newly enacted pro-labor law is set to raise compliance risks for businesses. Beginning May 1, the Financial [...]
SEOUL, Dec. 31 (Korea Bizwire) — The number of high-skilled workers in South Korea grew for the fourth consecutive year in 2024, with such jobs in the semiconductor sector increasing by the most, government data showed Wednesday. The total number of industrial technology workers stood at 1.74 million as of end-2024, up 1.1 percent from [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korea’s National Human Rights Commission said on Friday that Coupang, the country’s largest e-commerce platform, has refused to comply with its recommendation to broaden the hiring of foreign delivery workers, adding to scrutiny already facing the company over a recent personal data leak. The commission said it decided [...]