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Major Firms’ 2018 Entertainment Expenses Dip 13 pct on Anti-graft Law

Major Firms’ 2018 Entertainment Expenses Dip 13 pct on Anti-graft Law

SEOUL, Aug. 26 (Korea Bizwire) — Leading South Korean companies’ entertainment expenses sank nearly 13 percent in 2018 on a draconian anti-graft law that came into effect two years earlier, government data showed Wednesday. A total of 7,402 companies spent a combined 3.16 trillion won (US$2.66 billion) in 2018, down 12.7 percent from 2016, according [...]

Companies Take More Steps as COVID-19 Infections Soar

Companies Take More Steps as COVID-19 Infections Soar

SEOUL, Aug. 24 (Korea Bizwire) — South Korean companies are taking additional steps to stem the spread of the new coronavirus, as the government has applied a stricter social distancing level amid soaring infections. The country’s major companies said they are adopting stricter quarantine measures for their employees, offices and production facilities due to a [...]

Businesses Struggle to Respond to Rising ‘Job Invention’ Disputes

Businesses Struggle to Respond to Rising ‘Job Invention’ Disputes

SEOUL, Aug. 10 (Korea Bizwire) — Major corporations in South Korea are puzzling over how to deal with the growing number of disputes with former or incumbent employees who are claiming compensation for profits created by patents or inventions for which they made contributions. The Korea Intellectual Property Association (KINPA) and some of the nation’s [...]

Companies Ignoring Basic Workers’ Rights as Virus Outbreak Spreads

Companies Ignoring Basic Workers’ Rights as Virus Outbreak Spreads

SEOUL, March 17 (Korea Bizwire) — The spread of the new coronavirus has made things difficult for companies, leading to a growing number of employees suffering from labor code violations such as forced annual leave, unpaid leave, layoffs and pay cuts. According to an analysis of 911 reported cases, which civic group Workplace Gapjil 119 [...]