“Sony, once the world’s biggest and most successful electronics firm, is now unable to regain its former glory. That’s because, according to management gurus, of the working of the silo effect.” “Although Sony gave wide-ranging independence to its divisions in the name of responsible management, it only bred an insular management culture incapable of reciprocal [...]
SEOUL, Oct. 30 (Korea Bizwire) – The Pohang steel works of POSCO has been recognized for its test capabilities in the area of carbon steel chemistry by an international certification agency. According to the steel maker on October 29, the chemistry testing labs within the quality control division of Pohang Works were certified as one of the best [...]
SEOUL, Oct. 28 (Korea Bizwire) – The Seoul Waterworks Research Institute has succeeded in developing a new technology to prevent stainless steel corrosion after four years of research efforts. It has already applied for a patent for the technology and will soon begin a research project for commercialization jointly with POSCO. Using a nitric and hydrofluoric acid-based [...]
SEOUL, Oct. 20 (Korea Bizwire) — A parliamentary investigation disclosed that the volume of earned surplus stocked up by large corporations has increased at a fast pace for the past few years. According to Congressman Lee Jong-kul (New Politics Alliance for Democracy) on October 18 based on data submitted by the Financial Supervisory Service, the [...]
SEOUL, July 23 (Korea Bizwire) – In order to prevent the instances of fabricating mill test certificates and thereby reduce the volume of low-quality steel product imports, the Korean Iron & Steel Association has introduced a new QR code-based scheme called “QReal” and entered an emergency mode to fully implement the scheme. According to the association, the [...]
SEOUL, June 21 (Korea Bizwire) – The corporate social responsibility (CSR) activities of domestic companies become increasingly crucial as South Asian and Southeast Asian countries centering on India ask them to expand the CSR activities. For example, India enforced a law making CSR activities compulsory for large companies last April. According to the law, companies [...]
SEOUL, May 29 (Korea Bizwire) – Recently, the international media paid attention to the Seoul city government’s women-friendly parking spaces. The extra wide and long parking lots in pink lines with a female symbol which are closer to entrances and elevators add more convenience to women drivers. With the scheme first introduced in 2009, the [...]
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – On average male employees of Korea’s top-20 largest companies receive 1.5 times more salaries than female counterparts. According to a business report issued by top 20 companies (not including financial service firms), excluding SK Networks where the average annual salary by gender is not specified, male employees’ [...]
SEOUL, Korea, April 10 (Korea Bizwire) – Female job seekers in Korea seem to have had a tough time in the job market last year. In 2013, as the growth rate of employment of male workers has become nearly twice that of female workers at the top-ten conglomerates, the proportion of female employees has declined [...]
SEOUL, Korea, Mar 6 (Korea Bizwire) – Lee Mi-jin, a housewife with two twin boys in her mid-30s, recently had an experience of almost dropping her four-year-old son on the tiled floor while taking him a bath in the bathtub. She said, “I am always worried whenever my kids run around in the house if [...]