SEOUL, Dec. 5 (Korea Bizwire) — Amid South Korea’s declining birthrate, corporations are stepping up with innovative and generous measures to support employees who choose to have children. From cash incentives to tailored family support policies, the private sector is playing a growing role in addressing the country’s demographic challenges. Buoyed by a groundbreaking policy [...]
SEOUL, May 26 (Korea Bizwire) — South Korea announced Wednesday that people who have received a first dose of a COVID-19 vaccine will no longer be required to wear masks outdoors starting in July, as part of incentives for those participating in the public vaccine campaign. The incentive program announced at a daily interagency coronavirus [...]
Amsterdam, the Netherlands, Jan. 29 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it will repurchase up to 6 million shares to cover certain of its obligations arising from its long-term incentive and employee stock purchase plans. At the current share price, the shares represent an amount of up to approximately EUR 260 [...]
SEOUL, Sept. 19 (Korea Bizwire) — The government announced plans to welcome more foreign workers to address the dwindling working population in South Korea due to the low birthrate and aging society. The Ministry of Economy and Finance announced on Wednesday that it will introduce a new visa for highly educated, high income-earning foreigners which [...]
SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s industry ministry said Thursday it will speed up the development of renewable energy and encourage more businesses to utilize power produced from sustainable sources such as sunlight and wind. The Ministry of Trade, Industry and Energy announced earlier it plans to have renewable energy account for 20 [...]
TORONTO, Mar. 29 (Korea Bizwire) — Rio2 Limited (“Rio2” or the “Company” ) (TSX-V:RIO) announces today that its Board of Directors has authorized and approved a grant of 1,250,000 incentive stock options (the “Stock Options”) to directors and officers under its incentive stock option plan (the “Stock Option Plan”). The Stock Options have an expiry [...]
SEOUL, March 19 (Korea Bizwire) – Nearly 7 out of 10 companies with more than five employees have adopted a “wage peak” or incentive payment systems since the introduction of legislation to extend the retirement age to 60 in 2013, a survey showed Sunday. The government has pursued the wage peak system in which employees [...]
SEJONG, Sept. 19 (Korea Bizwire) – The South Korean government will provide incentives to encourage solar power plant operators to set up bulk energy storage facilities as part of its efforts to foster the local renewable energy market, the trade ministry here said Monday. Those who install the energy storage system (ESS) at their solar [...]
Seoul, July 23 (Korea Bizwire) – Samsung Electronics announced that they would be providing their 103 semiconductor partners with incentives worth a total of 14.2 billion won for the first half of the year. This is the largest incentive to be offered in the first half of the year, both in the number of target companies and [...]