SEOUL, Feb. 16 (Korea Bizwire) — The ruling Democratic Party is discussing ways to get lucrative companies to share some of their profits with small businesses vulnerable to losses amid the coronavirus pandemic. The IT industry, one of the beneficiaries of the pandemic era, is leading the charge. South Korea’s top mobile messenger operator Kakao [...]
SEOUL, Jan. 18 (Korea Bizwire) — The ruling Democratic Party (DP) has set out to find ways to get lucrative companies to share some of their profits with small businesses vulnerable to losses amid the coronavirus pandemic, but it is facing vehement objection from the business community and opposition lawmakers. Last week, a DP task [...]
SEOUL, Oct. 26 (Korea Bizwire) — Controversy is flaring up over Google Inc.’s alleged profit-sharing collusion with local mobile carriers and smartphone makers. Rep. Yoon Young-chan of the ruling Democratic Party disclosed in the National Assembly’s parliamentary audit of the Ministry of Science and ICT held on Friday that Google, in collaboration with local mobile [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s National Institute of Biological Resources (NIBR) signed a profit-sharing agreement today with Hansolbio Co. and the Cambodian Ministry of Agriculture, Forestry and Fisheries at the InterContinental Seoul COEX. The agreement will serve as a first case of profit sharing, where companies, using foreign biological resources they have [...]
SEOUL, Nov. 7 (Korea Bizwire) — The South Korean government is striving to come up with alternative profit-sharing schemes between large corporations and small-and-medium-sized companies with the intention of promoting a more horizontal relationship between them. The government is also looking to implement a coexistence model where both large corporations and SMCs can achieve a win-win [...]
SEOUL, Sept. 22 (Korea Bizwire) — The government said Friday it will soon come up with measures to get big businesses to share profits with subcontractors. The government will complete a study on a viable profit-sharing model by the end of the year so a bill could be presented to the National Assembly for passage [...]