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Reporter : Lee Kyung-min
Sun, March 26, 2023 | 06:07
Samsung Display strike looms due to deadlocked wage negotiations
Samsung Display, the display manufacturing affiliate of Samsung Group, is facing a growing risk of a labor strike, the latest development in a months-long deadlock in wage negotiations between management and unionized workers, according to the firm and market watchers, Friday. The unionized workers said they plan to file a request for dispute resolution with the National Labo...
Companies | 2023-03-24 16:42
Over 70% of firms unwilling to embrace longer workweek
More than seven out of 10 firms said they are not willing to embrace the recently proposed longer workweek, a study showed Friday. Of those who said they would, almost three-quarters said the longer workweek will be implemented only temporarily in the event of a short-term demand surge, production disruption due to equipment malfunctions or peak season.
Companies | 2023-03-24 16:25
Hyundai Motor makes used car business official
Hyundai Motor has added financial product sales and auto dealership businesses to its list of corporate activities, in a declaration to enter the used car market, the auto giant said on Thursday. Among its new growth objectives was the auto giant becoming a leader, defined by software-centered operation. The plan, according to the firm, is a gradual step towards transitioning...
Companies | 2023-03-23 16:37
Will Apple Pay launch boost local iPhone sales?
Market analysts are divided over whether iPhone sales will dramatically increase to over 30 percent of the total market share in Korea after the launch of Apple Pay, a contactless mobile payment service provided by global tech titan Apple, two days ago. Most said, Thursday, that an Apple Pay-driven increase in local sales of the iPhone will not dramatically increase, not at l...
Companies | 2023-03-23 16:21
Korea-Japan communication channels to resume for energy, chips, supply chain cooperation
Korea will resume its communication channels with Japan for fortified cooperation in energy, chips and supply chains, the trade minister said Wednesday. Minister of Trade, Industry and Energy Lee Chang-yang said Korea will withdraw a World Trade Organization (WTO) suit against Japan's curbs on three key materials needed to manufacture semiconductors and displays this week.
Companies | 2023-03-22 16:51
Korean firms balk at donating to fund compensating victims of Japan's forced labor
Most of the state-run and private Korean companies that benefited from the 1965 Korea-Japan treaty appear to be hesitant about donating to a fund compensating Korean victims of forced labor under Japan's colonial rule, according to industry officials, Monday. The treaty enabled the resumption of bilateral diplomatic relations after WWII, in exchange for $500 million (655 bill...
Companies | 2023-03-22 08:17
Game shares soar as China allows import of Korean games
Shares of local game companies soared, some by as much as over 20 percent, Tuesday, a day after the Chinese government allowed several Korean games to be sold in the country, according to industry officials. The latest decision by the Chinese government followed a similar one in December, 2022.
Companies | 2023-03-21 17:04
Korea to ease emission reduction targets for firms by expanding nuclear energy use
Korea has opted to lower its greenhouse gas emission targets for industries by expanding nuclear and renewable energy use in a move to ease the burden on local manufacturers, a presidential commission said Tuesday.
Companies | 2023-03-21 16:48
Seoul event to promote Busan's Expo bid
The government will hold an event to promote Korea's bid to hold the 2030 World Expo in Busan next week, according to the industry ministry, Monday. The five-day event will be held at the Gwanghwamun square, Seoul, ahead of the visit early next month of a delegation from the Bureau International des Expositions (BIE).
Companies | 2023-03-20 15:51
KAIST student becomes first Korean recipient of Apple Scholars fellowship
Lee Sea-nie, a second-year doctoral degree student at the Korean Advanced Institute of Science and Technology (KAIST) has made the list of 2023 recipients of the Apple Scholars in AI/ML PhD fellowship, a program for developing excellence in the fields of artificial intelligence and machine learning, according to the university, Sunday.
Companies | 2023-03-20 08:55
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