SEOUL, Dec. 31 (Korea Bizwire) — A South Korean court has ruled that informal discussions about start dates and verbal indications of potential job acceptance following an interview do not constitute a binding employment contract. The decision also clarified that rescinding such offers does not qualify as unfair dismissal. On Monday, 2024, the Seoul Administrative [...]
SEOUL, July 12 (Korea Bizwire) — All members of TWICE have renewed their contracts with JYP Entertainment, breaking the so-called “seven-year curse,” a crisis experienced by many K-pop idol groups around the seventh year of their debut. “We renewed contracts with all members ahead of the expiration of TWICE’s contracts this autumn,” the agency said [...]
SEOUL, July 19 (Korea Bizwire) — All 13 members of K-pop boy band Seventeen have agreed to renew contracts with their agency before expiry, the group’s agency said Monday. “While the existing contract is yet to expire, all 13 members of Seventeen and the company held in-depth discussions on the group’s future plans and reached [...]
SYDNEY, Australia and MINNEAPOLIS, May 25 (Korea Bizwire) — Medibio Limited (MEB or the Company) (ASX:MEB) (OTCQB:MDBIF), a mental health technology company, today announced a significant contract for Medibio’s Corporate Health product with Dallas, TX-based Jacobs Engineering across their Asia Pacific, Middle East, and European divisions. Through the Mental Health Check-In, companies can offer employees [...]
HAUPPAUGE, N.Y., Nov. 6 (Korea Bizwire) — Globecomm today announced it has been named one of multiple awardees on the General Services Administration’s (GSA) Complex Commercial SATCOM Solutions (CS3) contract. CS3 is an Indefinite Delivery/Indefinite Quantity (IDIQ) multiple-award contract that enables U.S. federal agencies to purchase turnkey managed network solutions incorporating commercial satellite communication products [...]
WILSONVILLE, Ore., Oct. 2 (Korea Bizwire) — FLIR Systems, Inc. (NASDAQ:FLIR) has been awarded a $74.7 million firm-fixed-price order to deliver TacFLIR® surveillance cameras in support of the U.S. Army EO/IR-Force Protection (FP) program. The U.S. Army will purchase the systems through Army Contracting Command, Redstone. The units delivered under this contract will support the [...]
SEOUL, March 8 (Korea Bizwire) – So-called ‘360 deals’ in the Korean music industry have often been criticized for over-exploitation of artists or prospective artists (trainees), to the point where they were given the notorious title of “slave contracts.” Several K-pop artists have come forward to denounce the practice, while some engaged in highly publicized [...]
SEOUL, Feb.19 (Korea Bizwire) – JYP Entertainment announced that it has signed an agreement with CMC (China Music Corporation), the online music giant, to provide digital music exclusively. The contract is said to be worth 5.25 billion won, which is around 10 percent of 2014 sales. JYP officials explained that they signed a contract to [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s No. 1 air carrier Korean Air Lines Co. said Sunday that it has signed a 400 billion-won (US$333.5 million) deal with the military procurement agency to mass-produce reconnaissance unmanned aerial vehicles (UAVs) as part of the government’s plan to build up its aerial mission capability. Under the [...]