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Reporter : Kim Hyun-bin
Sun, May 29, 2022 | 14:40
SeAh cooperates with Orano, KEPCO in nuclear fuel storage business
SeAH Besteel will advance into the nuclear power plant market by strengthening partnerships with domestic and foreign nuclear companies. The company announced it had signed a memorandum of understanding (MOU) with Orano TN and KEPCO E&C to cooperate in the dry spent nuclear fuel storage business. Under the MOU, the three companies agreed to strengthen mutual cooperation throu...
Korean Air, Asiana fly high, LCCs continue to struggle
Korean Air and Asiana Airlines performed better than expected in the first quarter of the year on the back of their robust cargo transport businesses, but Jeju Air and other low cost carriers (LCCs) in Korea continued to lose money due to stagnant passenger flight numbers amid the prolonged COVID-19 pandemic, according to industry analysts, Tuesday.
Young chaebol owners bring new management styles
A new generation of chaebol leaders in their 30s and 40s have come to the fore in management by focusing on new growth engines to fuel future growth, according to industry watchers Monday. The young CEOs have been expanding their business portfolios in new growth sectors ranging from space and healthcare to blockchain.
Companies scramble to recruit outside directors amid exodus
A number of companies are facing a shortage of outside directors, as many abruptly resigned to join President Yoon Suk-yeol's Cabinet or run in the June 1 local elections, according to industry officials, Monday. Firms are required to hire a certain number of outside directors in accordance with the law, which is why they are scrambling to find the best candidates on short no...
'Only 30% of companies can cope with Serious Accidents Punishment Act'
Only 30 percent of companies are capable of dealing with the recently implemented Serious Accidents Punishment Act, a recent survey shows. The Korea Chamber of Commerce and Industry (KCCI) released the results of the survey marking the 100 days of enforcement of the law, Sunday. In the survey conducted on 930 companies with five or more employees, 30.7 percent of the companie...
Companies enhance benefits to better suit MZ employees' lifestyles
Some of Korea's largest companies are getting more in tune in accommodating the lifestyles of the millennial and the Generation Z (MZ) generations by creating employee benefit programs and a better work-life balance environment that includes increasing paid leave, implementing a four-day workweek and strengthening employee welfare policies.
Major companies scramble to brace for potential perfect storm
Major conglomerates are scrambling to brace for a possible perfect storm amid the Russia-Ukraine war, China's blockade of Shanghai, inflation and the sharp rise in raw material costs, according to company officials. Businesses have been conducting emergency meetings of CEOs to review the current status of business and carry out organizational restructuring to cope with the cr...
KT sees operating profit jump to 12 year high in Q1
KT recorded its largest operating profit in 12 years thanks to strong performances across its media, mobile commerce and enterprise services, according to its regulatory filing Thursday.The firm's operating profit climbed to 626.6 billion won for the January-March period, an increase of 41.4 percent from the same period a year earlier.
Tax burden soared under Moon administration
The Moon Jae-in administration increased the corporate income tax rate during its five-year term (2017 to 2022), while five other advanced countries maintained or lowered tax rates during the same period, making it harder for Korea companies to compete with global rivals, a report showed Thursday.
LS Group chief picks EV components as future growth engine
LS Group Chairman Koo Ja-eun has selected electric vehicle (EV) parts and charging businesses to be future growth engines, as global demand for EVs is expected to show exponential growth in the coming years. LS Group plans to make active investments in the EV parts and charging businesses to accomplish its strategy.
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