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Reporter : Lee Kyung-min
Fri, July 1, 2022 | 01:51
15.3% of hourly workers paid less than minimum wage last year
Over 3.2 million hourly workers were paid less than Korea's legal minimum wage last year, data showed Sunday. Some businesses claim this resulted from a rapid increase in the minimum wage over the past four years under the Moon Jae-in administration.
Chipmakers rush to raise employee salaries to tackle worker shortage
Major semiconductor firms are raising employee salaries to tackle a shortage of skilled professionals in the high-tech industry, an effort underpinned by the government's policy to nurture young experts to strengthen the country's growth driver, according to industry watchers, Sunday.
Jeju's 2nd airport construction plan gets boost from land minister nominee
The heavily contested push to build a second airport in Seogwipo City's Seongsan on Jeju Island is expected to resume, buoyed by President-elect Yoon Suk-yeol's nomination of former Jeju Governor Won Hee-ryong to lead the Ministry of Land, Infrastructure and Transport, according to market watchers, Thursday.
Chairmen of KEF, Heritage Foundation meet to bolster cooperation
Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik met with U.S. Heritage Foundation Chairman Kevin Roberts to strengthen economic cooperation, the Korean organization said Thursday.
SK bioscience to develop antiviral nasal spray
SK bioscience, a biotech affiliate of SK Group, said Wednesday that it will develop a spray-type antiviral drug, with research funds provided by the Bill & Melinda Gates Foundation, a private foundation.
Aviation experts prepare for recovery of travel industry
The global aviation industry should strengthen in-flight and airport infection containment efforts, as a top priority amid signs of recovery for the industry hit hardest by the COVID-19 pandemic, according to industry experts, Wednesday.
Transition committee prepares measures to nurture semiconductor experts
The incoming Yoon Suk-yeol administration will create education and training courses to help foster highly skilled professionals in the semiconductor industry, a key growth driver feared to experience a shortage of about 30,000 workers over the next decade, according to the presidential transition committee, Tuesday.
Will LG Display, SK hynix benefit from industry minister nominee?
LG Display, the display panel unit of LG Group, and SK hynix, the semiconductor unit of SK Group, are attracting keen attention as to whether they will benefit from the nomination of Lee Chang-yang as minister of trade, industry and energy in the Yoon Suk-yeol administration, according to market watchers Tuesday.
Land minister nominee criticized for lacking expertise
Former Jeju Governor Won Hee-ryong is coming under fire after being nominated to lead the Ministry of Land, Infrastructure and Transport despite lacking relevant expertise, according to critics, Monday.
Corporate governance expert to help Samsung Electronics' Lee gain chairmanship
Daniel Oh, a corporate governance and shareholder strategies expert with 20 years of experience, joined Samsung Electronics, Monday, in what market watchers say is a move to help Vice Chairman Lee Jae-yong become president.
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