“I think he has been punished enough. In the situation that SK Group is now fiercely competing with world leaders in cutting-edge industries, if he (SK Group Chairman Chey Tae-won) were released, the group would be transformed drastically. We should give it a chance to transform.” “SK is desperately competing to go ahead over other [...]
SEOUL, May 9 (Korea Bizwire) – The number of foreign tourists from China has been rapidly increasing as entry and departure formalities were simplified for them; however, the number of Japanese tourists has been decreasing due to a weak yen. As the tourist dynamics are changing, understanding the needs of the foreign visitors and making [...]
SEOUL, Korea, April 18, 2014 (Korea Bizwire) – The employers in Korea are getting worried about the increasing pressure of higher labor costs upon “Extension of the Retirement Age to 60 Laws” to be taking effect in 2016. In order to minimize the damage, companies are calling for a wage peak system. According to the [...]
SEOUL, South Korea, Sept 23 (Korea Bizwire) – The so-called “black consumer” is a major headache for retailers and companies making consumer goods. Recently a discount store in Seoul had a run-in with a middle-aged woman who claimed that she lost something she stored four months ago in a locker inside the store. She threw [...]