SEJONG, Jan. 27 (Korea Bizwire) — The average South Korean worker received approximately 10.69 million won in bonuses last year, while the top 0.1% of earners collected bonuses exceeding 620 million won, highlighting significant income disparities in the workforce, according to new government data. Figures released by the National Tax Service and obtained by People Power [...]
SEOUL, Feb. 7 (Korea Bizwire) – On February 5, a truck hauling a massive 200-inch screen made its way past the LG Twin Towers in Yeouido, Seoul, home to the LG Group’s headquarters. The screen displayed a message urging the disclosure of a performance system that matches the employees’ efforts, stating, “Reveal a performance system that [...]
SEOUL, Feb. 8 (Korea Bizwire) — While conglomerate employees have always had complaints about bonus payments, the issue has once again reached a head after this year’s raging disputes between management and labor unions have spotlighted the importance of rewarding systems and internal communication. While SK hynix Inc., South Korea’s No. 2 chipmaker, took the [...]
SEOUL, May 1 (Korea Bizwire) — Bluehole Studio Inc. revealed its plans on Monday to distribute bonuses to the developers of the hugely popular online game “PlayerUnknown’s Battlegrounds” (PUBG for short), developed by its subsidiary PUBG Corporation. According to Bluehole, the company will pay out up to 5 billion won per employee in incentives. Bluehole [...]
SEOUL, Jan. 24 (Korea Bizwire) – Those in the IT and refinery industries here are expected to receive hefty bonuses after their firms enjoyed a record year in terms of sales and profit, market observers said Tuesday. Many are expected to be paid as much as half their annual salary in one-time incentive pay, they [...]