SEOUL, Aug. 31 (Korea Bizwire) — Samsung Electronics Co. strives to attain win-win growth by offering consulting support to subcontractors in fields encompassing materials, components and equipment, with the goal of strengthening the foundation of the domestic semiconductor ecosystem. The tech giant’s professional consultants visit subcontractors to evaluate their operational processes and offer customized solutions. [...]
SEOUL, Aug. 26 (Korea Bizwire) — About 6 out of 10 workers at South Korean shipbuilding companies turned out to be “non-affiliated” employees of subcontractors rather than the shipbuilders that use their services, government data showed Thursday. According to the Ministry of Employment and Labor, there were around 5.2 million regular workers hired by the [...]
SEOUL, Nov. 3 (Korea Bizwire) – The higher the operating profit is for large-sized companies, the less it is for smaller subcontractors, a recent study revealed. The Korea Institute of Public Finance announced Monday the analysis of performance among subcontractors working with conglomerates based on data from 2013 and 2014 provided by Nice Information Service [...]
SEOUL, Nov. 2 (Korea Bizwire) — Subcontractors and freelancers saw their incomes drop by an average of 69.1 percent in the early days of the coronavirus pandemic, government data showed Monday. The labor ministry said it conducted a partial survey of the nearly 1.7 million workers who received emergency employment relief funds from the state [...]
SEJONG, Sept. 10 (Korea Bizwire) — Major South Korean shipbuilders have been accused of not duly paying subcontractors for their works, industry sources said Tuesday. The Fair Trade Commission launched probes into Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. over their alleged failures to pay subcontractors between [...]
SEOUL, Nov. 2 (Korea Bizwire) — Samsung Electronics Service Co. said Friday it will directly hire 8,700 workers from its subcontractors, the latest in a string of efforts by South Korean companies to strengthen employees’ job security. The move came roughly seven months after the repair service provider of South Korean tech giant Samsung Electronics [...]
SEOUL, Aug. 27 (Korea Bizwire) — It has been six months since the Winter Olympics ended on a high note in Pyeongchang, but business operators that installed temporary facilities for use during the Olympic Games are on the verge of going under as they still haven’t been paid. On August 22, over 30 men gathered [...]
SEOUL, Jul. 18 (Korea Bizwire) — SK hynix Inc. said Wednesday it will join forces with three of its subcontractors to carry out joint research and development projects as part of its efforts to seek shared growth. The chipmaker said it will provide “comprehensive technological support” to MiCo Ltd., UBmaterials Inc. and TEMC for the [...]
SEOUL, Jul. 12 (Korea Bizwire) — Subcontractors of Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries, and Samsung Heavy Industries, the three largest players in the nation’s shipbuilding industry, have asked the Korea Fair Trade Commission (KFTC) to carry out an in-depth investigation into illegal practices among the ‘big three’. A single committee instigated [...]
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 [...]