SEOUL, Apr. 3 (Korea Bizwire) – In South Korea, the pay disparity between top executives and average employees in major corporations has reached a staggering level. Last year, the average annual salary for CEOs of large companies was reported at 2.09 billion won, while their employees earned an average of 87 million won, resulting in a [...]
SEOUL, Mar. 21 (Korea Bizwire) – The number of outside directors working for South Korea’s 50 largest corporate groups surpassed 1,000 last year, with nearly 90 individuals serving on the boards of two separate companies, according to a report released on Monday. The Korea CXO Institute, a corporate analysis firm, found that among the top 50 [...]
SEOUL, Mar. 4 (Korea Bizwire) – As the global economy faces prolonged downturns and increasing uncertainties, several South Korean conglomerates have initiated cost-cutting measures by reducing the compensation limits for their board members. According to filings with the Financial Supervisory Service’s Electronic Disclosure System, Samsung Electronics is set to propose a reduction in the total compensation [...]
LONDON, Oct. 6 (Korea Bizwire) — VistaJet, the first and only global business aviation company, today launches its new Dynamic Corporate Membership for corporations, offering a full suite of flexible travel solutions for businesses and executives around the world. The impact of the COVID-19 pandemic is redefining the global aviation landscape and accelerating several trends: [...]