SEOUL, Apr. 15 (Korea Bizwire) — A local business lobby said on Sunday the possible disclosure of Samsung Electronics Co.’s workplace environmental assessment report, which was demanded by former workers due to health concerns, should be limited so as to protect sensitive trade secrets. Former workers suffering from illnesses have been demanding the South Korean [...]
SEOUL, Feb. 27 (Korea Bizwire) – The head of South Korean food and entertainment conglomerate CJ became the new chairman of a major business lobby on Tuesday, the federation said. Sohn Kyung-shik, 78, took office as the chairman of the Korea Employers Federation (KEF) as five members of its screening committee unanimously selected him to succeed Bahk Byong-won, according to the business lobby. “I feel heavy responsibility with the tasks that need to be tackled for the development of the [...]
SEOUL, Sept. 3 (Korea Bizwire) — After a South Korean court ruled on August 31 that regular bonuses and meal allowances are to be considered part of ‘ordinary wages’ at Kia Motors, significant attention is being focused on whether Kia’s average annual wage will now surpass 100 million won. However, since salary negotiations are based on [...]
SEOUL, Aug. 25 (Korea Bizwire) – The Financial Times (FT) of England reported that Koreans, who used to work the most and rest the least, have recently showed a tendency to take longer vacations. According to Expedia, a global travel agency, the average Korean took 8.6 days off every year, which was the lowest among [...]