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Reporter : Lee Hyo-sik
Sat, September 23, 2023 | 13:22
Moon's communications: one-way street?
Cheong Wa Dae’s short notice of a meeting between President Moon Jae-in and business tycoons has baffled corporate officials as they don’t have enough time to prepare for it. The presidential office said Sunday that Moon will meet with the leaders of the country’s top 15 business groups Thursday and Friday, and ask them to create more jobs and share growth with small firms. T...
Economy | 2017-07-24 16:19
Maeil Dairies creates friendly workplace for moms-to-be
Maeil Dairies will actively take part in the nationwide campaign to raise the birthrate by making its workplace better for pregnant employees. One of Korea’s leading dairy product makers has become the first company to sign an agreement with the Korea Population and Health Welfare Association (KoPHWA), which has been promoting the creation of a friendly corporate atmosphere f...
Companies | 2017-07-23 15:59
KGS chief quits over jobs scandal
The head of Korea Gas Safety Corp. (KGS) has decided to resign amid the growing scandal over alleged recruitment irregularities. The public company, which oversees the safety of the nation’s natural gas infrastructure, said Sunday that there will be a farewell ceremony for CEO Park Ki-dong at its headquarters in Eumseong, North Chungcheong Province, Monday. Park, who became C...
Economy | 2017-07-23 15:47
KCCI chief raps minimum wage hike
A 16.4 percent minimum wage hike planned for 2018 will place a heavy financial burden on companies, large or small, the head of the country’s biggest business association said Wednesday. Park Yong-maan, chairman of the Korea Chamber of Commerce and Industry (KCCI), is urging the government to change the criteria for calculating the minimum wage so that the wage reflects more ...
Economy | 2017-07-20 17:28
KEPCO in Kazakhstan
Korea Electric Power Corp. (KEPCO) CEO Cho Hwan-eik, delivers a keynote speech during the Korea-Kazakhstan Energy Forum in Astana, Kazakhstan, Wednesday. Cho said Korea’s state-run utility firm has been developing an eco-friendly, smart energy platform and will share it with the Central Asian nation. KEPCO plans to sign a memorandum of understanding with its Kazakhstan and Uz...
Economy | 2017-07-20 17:21
Chong Kun Dang chief under fire for misconduct
Shares of Chong Kun Dang Pharmaceutical and other affiliates have been battered by the escalating scandal implicating its chairman’s verbal abuse of his personal drivers over the years. Analysts say the misconduct by Chairman Lee Jang-han will tarnish the image of one of Korea’s largest pharmaceutical companies and adversely affect its sales. In order to contain the growing p...
Companies | 2017-07-14 16:41
KHNP approves Shin Kori reactor suspension
Korea Hydro & Nuclear Power’s (KHNP) board members voted Friday to suspend the construction of reactors 5 and 6 at the Shin Kori Nuclear Power Plant, fueling a dispute over the government’s push to phase out nuclear power. KHNP CEO Lee Kwan-seop and 12 other board members met at the Suites Hotel in Gyeongju, South Gyeongsang Province, at 8:30 a.m. Friday. They approved the su...
Economy | 2017-07-14 15:22
KHNP fails to approve Shin-Kori reactor suspension
Korea Hydro & Nuclear Power (KHNP) failed to gain approval from its board to suspend the construction of the No. 5 and 6 reactors at the Shin-Kori Nuclear Power Plant, due to its union’s protest, the company said Thursday. The state-run firm had initially planned to hold the board of directors’ meeting at its headquarters in Gyeongju, South Gyeongsang Province, at 3 p.m. But the seven outside directors weren’t able to take part as unionized workers physically stopped them from entering the building. The union has been protesting the Moon Jae-in administration’s decision to halt the ongoing p...
Companies | 2017-07-13 21:21
Shinsegae goes after CU, GS25, 7-Eleven
Shinsegae Group will invest 300 billion won ($261 million) over the next three years to nurture its struggling convenience store unit to market leader status ahead of CU, GS25 and 7-Eleven, Korea’s second-largest retailer said Thursday. Shinsegae said it will foster With Me as its next growth engine amid the rapidly growing convenience store market, powered by the soaring num...
Companies | 2017-07-13 16:31
Opposing Double Star
Kumho Tire CEO Lee Han-seob speaks during a meeting with company employees at its plant in Gwangju, Wednesday. Issuing a statement, Kumho Tire executives and employees said they will quit en masse if the Korea Development Bank and other creditors sell Korea’s second-largest tiremaker to Double Star Tires, a mid-tier Chinese company. They said they want to remain part of Kumho...
Companies | 2017-07-13 16:20
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More than 2,800 killed by earthquake in Morocco
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