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Samsung Electronics Reports Shift in Tax Payments and Labor Costs

Samsung Electronics Reports Shift in Tax Payments and Labor Costs

SEOUL, Jul. 1 (Korea Bizwire) – Samsung Electronics, the South Korean tech giant, saw a significant decrease in its tax and statutory charges last year, while experiencing a slight increase in labor costs, according to the company’s latest sustainability report. The 2024 Sustainability Report, released on June 28, reveals that Samsung’s global tax and statutory charges, [...]

Commercial Labor Costs Soar Past 6 Million Won Monthly; Finance Sector Leads Industry Highs

Commercial Labor Costs Soar Past 6 Million Won Monthly; Finance Sector Leads Industry Highs

SEOUL, Dec. 22 (Korea Bizwire) – According to a recent report, the cost of employing a single worker for a company has surpassed 6 million won per month.  The Ministry of Employment and Labor disclosed on Wednesday that the average monthly labor expense per worker at companies employing 10 or more such workers was 6.06 million [...]