SEOUL, June 4 (Korea Bizwire) — Employees at Samsung Life Insurance Co. can launch another labor union following approval from labor authorities, a union official said Thursday, a month after parent Samsung Group’s heir apparent vowed to scrap the group’s “no labor union” policy. The life insurer’s second labor union came in response to some [...]
SEOUL, Dec. 3 (Korea Bizwire) — As Samsung Group announced its annual president-level reshuffling results on December 1, the attention is now paid to the follow-up announcement on executive-level personnel change and the group affiliates’ organizational change. As for president-level change, the number of presidents sacked and appointed has been somewhat reduced from the last year. [...]
SEOUL, July 25 (Korea Bizwire) – Ahead of a measure to relax regulations on barriers between different financial services such as banking, securities, and insurance, responses are mixed. Some large financial service firms with operations across multiple areas welcome the announcement while those that are not big enough fret that the measure would change the industry landscape completely [...]
SEOUL, July 9 (Korea Bizwire) — The employees of Samsung Group were paid a bonus called “TAI” (target achievement incentive) on July 8. The incentive bonus, given twice a year, is paid in four different grades from “A” to “D” depending on each affiliate’s financial performance and the degree of achievement vis-à-visthe target. As the first-half TAI [...]
SEOUL, June 5 (Korea Bizwire) – Samsung Everland Inc., a de facto holding company for the whole Samsung Group affiliates, announced a plan for public offering following the footsteps of Samsung SDS. It is likely the IPO would be in the first quarter next year. On June 3, the company held a board of directors [...]
SEOUL, Korea, April 22, 2014 (Korea Bizwire) – Amid a series of scandals involving insurance companies, another has burst out. This time it is life insurance companies most of which have not paid out benefits for suicide victims. Even though their insurance policies clearly promised they would pay even in the case of suicide, they [...]
SEOUL, Korea, Dec 18 (Korea Bizwire) – In a 1987 movie “Wings of Desire,” there is a scene in which an angel reads a human’s mind by putting his hand on the person’s shoulder. Then the person is instantly comforted from her distress and regains hope. Just like in the movie, the same idea has been [...]