SEOUL, Sept. 6 (Korea Bizwire) — White-collar employees and engineers at SK hynix Inc. on Thursday announced the launch of a new labor union, calling for the management to adopt a transparent evaluation system for workers. The SK hynix division of the Korean Chemical & Textile & Food Workers’ Union said it has officially opened [...]
SEOUL, Sept. 4 (Korea Bizwire) – Chey Min-jeong, the younger daughter of SK Group chief Chey Tae-won, is again drawing attention nationwide for an unconventional career path. According to Korea’s third-largest conglomerate, the younger Chey, 27, landed a job in July 2018 at the global merger and acquisition team of Hony Capital, an investment firm [...]
SEOUL, Jan. 26 (Korea Bizwire) — SK Holdings, the holding firm of South Korean energy and telecom conglomerate SK Group, said Thursday it has launched a car-sharing business in Malaysia by joining hands with South Korea’s No. 1 car-sharing startup SoCar. SoCar Malaysia — a joint venture between SK Holdings and SoCar — kicked off [...]
SEOUL, Jan. 26 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecom conglomerate SK Group, said Thursday its artificial intelligence platform has successfully found the right cover letter in a flash, a technology that could ease the burden of human resources officials. Last year, Aibril Employment Helper evaluated 10,000 [...]
SEOUL, Jan. 23 (Korea Bizwire) — The government will offer telecom providers discounted prices for the use of 5G frequency bands in a move to encourage data plan price cuts. The Ministry of Science and Technology announced plans on Sunday to push through with reforms to the radio waves act, laying the legal groundwork for incentives [...]
SEOUL, Jan. 3 (Korea Bizwire) – Aside from “business”, “value”, “customer” and “innovation” were the keywords most commonly uttered by the leaders of South Korea’s top 10 conglomerates in their New Year’s addresses. Data provided by leadership assessment service CEOscore revealed that after “business”, which was uttered a leading 32 times, value, customer and innovation [...]
SEOUL, Nov. 2 (Korea Bizwire) – The head of the Fair Trade Commission, Kim Sang-jo, announced plans to investigate the management of private foundations owned by major companies, as part of efforts to reform conglomerates and improve transparency, during a policy meeting today. The FTC made the announcement at today’s policy gathering in Seoul with [...]
SEOUL, Oct. 22 (Korea Bizwire) – With the South Korean launch of the iPhone 8 looming, much attention is being paid to how Apple’s latest phone will affect the domestic mobile communication market in Korea. Some anticipate that cutthroat competition will come about surrounding the abolishment of upper limits on subsidies and the newly instituted 25 [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korea’s top oil refiner SK Innovation Co. said Wednesday that its affiliate has signed a deal to buy another chemical business unit under Dow Chemical Co., in a bid to expand its market presence. Early this year, SK Global Chemical Co. took over Dow Chemical’s ethylene acrylic acid [...]
SEOUL, Aug. 24 (Korea Bizwire) — Used car dealer SK Encar released a report on August 23 that showed that the Kia Ray and Mercedes Benz E-Class were the fastest-selling cars in their respective categories. The company combed through its website data from the past two months to compare the amount time from when a [...]