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Qingdao Beer Importer Responds: Voluntary Retirement Amid Sales Slump and Hygiene Scandal

Qingdao Beer Importer Responds: Voluntary Retirement Amid Sales Slump and Hygiene Scandal

SEOUL, Nov. 16 (Korea Bizwire) – The South Korean importer of Qingdao beer, which became embroiled in controversy following a video showing an employee at a Chinese production plant engaging in shockingly inappropriate behavior, has initiated a voluntary retirement program. This decision comes in the wake of a significant downturn in Qingdao beer sales. The once-popular [...]

Leave When It’s Best: Bankers Embrace Voluntary Retirement

Leave When It’s Best: Bankers Embrace Voluntary Retirement

SEOUL, Jan. 10 (Korea Bizwire) — An unexpected boom of voluntary retirement is spreading across the South Korea’s banking industry, which has seen a major surge in profits in the last couple of years. KB Kookmin Bank received some 730 applications for voluntary retirement recently, up by more than 50 applications since January of last [...]

S. Korea’s 5 Major Banks Offer Voluntary Retirement Program to 2,400 Workers

S. Korea’s 5 Major Banks Offer Voluntary Retirement Program to 2,400 Workers

SEOUL, Dec. 18 (Korea Bizwire) — Five major South Korean banks have offered a voluntary retirement program to their 2,400 employees this year despite record profits amid higher interest rates, industry sources said Sunday. The voluntary retirement plans at the five lenders — KB Kookmin, Shinhan, Woori, Hana, and NH Nonghyup – are accelerating as [...]