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Reporter : Lee Hyo-sik
Thu, June 8, 2023 | 10:47
Moon's policies burden businesses
President Moon Jae-in, who campaigned on promises of giving more to workers, has introduced an array of labor-friendly policies and placed a heavier burden on businesses, according to analysts, Tuesday. The Moon administration, among others, has been pushing to impose a higher income tax on corporations, reduce working hours and raise minimum wages to force employers to pay more to workers and add more to their payrolls. This approach has made it more difficult for Korean companies, which have been struggling to deal with the prolonged domestic consumption slump, to generate earnings, expand...
Economy | 2017-10-10 16:53
Airlines frustrated over France's flip-flop
Air carriers are expressing frustration at France’s recent decision not to increase the number of flights between Korea and France when the number of passengers has increased sharply in recent years. The French government had initially agreed to increase the number of flights to 14 per week from the current 12 when the two sides met in June last year. But it changed its stanc...
Companies | 2017-09-28 18:08
SM6, QM6 sell briskly in Europe
Global carmakers normally give their vehicles different names for each market as part of marketing strategies to better resonate with local consumers. This is no exception for Renault Samsung Motors, which has been selling the SM6 mid-size sedan, QM3 and QM6 SUV models under different names in Europe and elsewhere. The SM6 sedans are sold as Talisman across the continent, whi...
Companies | 2017-09-28 16:16
[Exclusive] JTI Korea pays Instagram users for cigarette postings
Japan Tobacco International (JTI) Korea has been found to have mobilized Instagram users who command huge followers to post photos of its Mevius brand cigarettes, according to a document obtained by The Korea Times, Thursday. In return, Instagram “influencers,” most of whom are men in their 20s and 30s, are said to have received as much as 5 million won ($4,400) for each post...
Companies | 2017-09-28 16:08
Hyundai Motor opens big data center in China
Hyundai Motor Group has opened a big data center in China’s southwestern province of Guizhou to facilitate the development of its connected car service platform in the world’s largest automobile market. Korea’s top carmaker said Tuesday the facility will help it process massive amounts of customer data to provide safer and more efficient connected car services to Chinese moto...
Companies | 2017-09-26 16:48
Kumho chief loses control of tire unit
Kumho Asiana Group has lost control of its struggling tire unit as Kumho Tire creditors rejected its 730 billion won ($650 million) self-rescue package. The state-run Korea Development Bank (KDB) and other creditors, which hold a combined 42 percent stake in the cash-strapped tire maker, have decided to strip Kumho Chairman Park Sam-koo of managerial control and subject the f...
Companies | 2017-09-26 16:42
Amway Korea launches new skincare product
Amway Korea’s premium skincare brand Artistry has unveiled its latest, next-generation product for consumers who want more resilient and healthier skin. The Korean unit of the U.S. multi-level marketing company began selling the Intensive Skincare Advanced Vitamin C+ Hyaluronic Acid Treatment early this month, further bolstering its product lineup. It is an upgrade of the Vit...
Companies | 2017-09-25 16:19
Talking with MBA students
S-Oil CEO Othman Al-Ghamdi gives a lecture on the refiner’s business and the global oil industry at Seoul National University, Friday. The Saudi-born urged MBA students to work hard to become a passionate leader capable of coping with unexpected changes. / Courtesy of S-Oil
2017-09-24 16:15
Medytox's TV commercial hits jackpot
Medytox’s first TV commercial has been regarded as a sensation for its unique theme and format, sparking public interest in what the company does. The 30-second clip, first aired on TV broadcasters Sept. 2, is not a typical TV ad by pharmaceutical companies, most of which merely promote medicines and other medical products, according to company officials. The commercial under...
Companies | 2017-09-24 10:56
Raising fire awareness
Firefighters spray water over POSCO’s Seoul office during a fire drill, Wednesday. The steelmaker held the drill in cooperation with Gangnam Fire Station to raise fire prevention awareness among employees. / Courtesy of POSCO
2017-09-21 16:43
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