SEOUL, Dec. 5 (Korea Bizwire) — Local builders are resorting to early retirement plans and large-scale manpower reshuffles to weather a possible industry-wide slump going forward, people in the sector said Wednesday. Samsung C&T has been carrying out staff restructuring over the past two years and recently opened an early retirement package to employees who [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Koreans, both poor and rich, are tightening their belts with no economic recovery in sight and the prices of goods ascending, data showed Wednesday. The spending-to-income ratio of local households hit a record low despite stagnant wage levels. Department stores and duty-free shops, two routine shopping spots for [...]
SEOUL, Jan. 11 (Korea Bizwire) – Global panel makers are poised to ramp up their production of curved models this year in an effort to find a new source of profit amid a slowing global TV market, industry sources said Monday. According to data compiled by China-based market tracker Sigmaintell, global shipments of curved liquid [...]