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Growing Number of Single-person Households Prompts Changes in Company Welfare Policies

Growing Number of Single-person Households Prompts Changes in Company Welfare Policies

SEOUL, Nov. 28 (Korea Bizwire) — With the increasing number of single-person households choosing not to get married, South Korean companies are diversifying in terms of their welfare policies. Lotte Department Store in September began offering congratulatory or consolation subsidies to employees who are single. Any employee who is single and over 40 years of [...]

Major Firms Spend Big on Welcome Gifts to Secure High-caliber Talent

Major Firms Spend Big on Welcome Gifts to Secure High-caliber Talent

SEOUL, Nov. 23 (Korea Bizwire) — With the passing of a hiring freeze brought on by the onset of the COVID-19 pandemic, South Korea’s major companies have resumed open recruiting in full swing this year, with their welcome gifts for new employees drawing significant attention. CJ ENM’s commerce division prepared Apple Watch models as welcome [...]

Half of S. Korean Big Firms Pessimistic About Achievement of Greenhouse Gas Reduction Goal

Half of S. Korean Big Firms Pessimistic About Achievement of Greenhouse Gas Reduction Goal

SEOUL, Nov. 8 (Korea Bizwire) — Nearly half of South Korea’s large companies have a pessimistic view about the potential for achievement of the government’s greenhouse gas reduction goal, a survey showed Monday. According to a survey of 100 out of 500 major manufacturers conducted by the Federation of Korean Industries, 48 percent of the [...]

POSCO Named Top Greenhouse Gas Emitter in S. Korea: Data

POSCO Named Top Greenhouse Gas Emitter in S. Korea: Data

SEOUL, Sept. 19 (Korea Bizwire) — South Korean steel giant POSCO emitted the largest amount of greenhouse gases among local companies over the past five years, accounting for about 10 percent of the nation’s total greenhouse gas emissions, data showed Sunday. According to data that Rep. Lim Lee-ja of the ruling People Power Party received [...]

4 Korean Firms Team Up to Produce Ammonia-based Clean Hydrogen

4 Korean Firms Team Up to Produce Ammonia-based Clean Hydrogen

SEOUL, Sept. 6 (Korea Bizwire) — Four South Korean companies — LG Chem Ltd., Samsung C&T Corp., Namhae Chemical Corp. and Doosan Enerbility Co. — on Monday signed a memorandum of understanding to promote cooperation in the production and usage of ammonia-based clean hydrogen. Under terms of the MOU, LG Chem plans to introduce clean [...]

Gov’t Broadens Options for Corporate Purchases of Renewable Energy

Gov’t Broadens Options for Corporate Purchases of Renewable Energy

SEOUL, Sept. 1 (Korea Bizwire) – South Korea said Wednesday that it will launch a direct power purchase agreement (PPA) system that will enable businesses using large amounts of electricity to directly purchase the electricity produced using renewable energy without going through the electric power market. The Ministry of Trade, Industry and Energy announced that [...]