Insight | BusinessKorea

Wednesday, October 18, 2017

Insight

The US Food and Drug Administration (FDA) pointed out 12 flaws in Celltrion’s Remsima production process in June this year.
Problems in Manufacturing Process
8 September 2017 - 12:30pm
Celltrion Inc. received a form with 12 flaws in Remsima production from the US Food and Drug Administration (FDA) in June. Remsima, Inflectra in the US, is Celltrion's biosimilar referencing J&J'...
The number of cruise tourists visiting South Korea is estimated to stand at at 600,000 to 700,000 this year, which is a rapid decline compared to 1.95 million last year.
Trying to Attract Cruise Travelers
6 September 2017 - 12:00pm
It has been found that the number of cruise tourists visiting South Korea totaled 337,737 for the first seven months of this year. The number for this year as a whole is estimated at 600,000 to 700,...
Seoul high court did not accept the suspension of execution filed by Qualcomm, claiming that a fine of 1.3 trillion (US$1.1 billion) imposed by the Fair Trade Commission was not fair.
Appealing to Supreme Court
6 September 2017 - 11:15am
Qualcomm immediately appealed to the Supreme Court after Seoul high court did not accept the suspension of execution filed by Qualcomm, claiming that a fine of 1.3 trillion won (US$1.1 billion)...
The sell-off of Kumho Tires actually broke up.
Ad Quem of Long Journey
5 September 2017 - 8:30pm
The sell-off of Kumho Tires actually broke up after controversies. On September 5, the Kumho Tire creditors, including the Korea Development Bank (KDB), held a shareholders' meeting and decided not...
The government will further clarify the legal standards regarding ordinary wages.
Scope of Ordinary Wage
4 September 2017 - 10:30am
Deputy Prime Minister Kim Dong-yeon said on September 1 that the government would further clarify the legal standards regarding ordinary wages. At present, approximately 20 cases are pending at the...
Deputy Prime Minister Kim Dong-yeon said on Sep. 3 that comprehensive real estate holding and property taxes are unlikely to be raised in the near future.
Tax Raising
4 September 2017 - 2:30am
Deputy Prime Minister Kim Dong-yeon said on September 3 that comprehensive real estate holding and property taxes are unlikely to be raised in the near future although the two taxes have been...
Kaher Kazem, GM Korea's new president, said “I will strive to secure competitiveness and a sustainable future for the company and utilize our strengths,” after taking office on September 1.
Denying Rumor of Withdrawal?
4 September 2017 - 2:15am
“With the start of my work, I will strive to secure competitiveness and a sustainable future for the company and utilize our strengths,” said Kaher Kazem, GM Korea's new president and CEO while...
Kumho Asiana Group chairman Park Sam-koo decided to accept a proposal by the Korea Development Bank (KDB) in connection with a contract for the use of Kumho Tire trademarks with Doublestar of China.
Ready to Exercise Primary Right
2 September 2017 - 3:30pm
Park Sam-koo, chairman of the Kumho Asiana Group, decided to accept a proposal by the Korea Development Bank (KDB) in connection with a contract for the use of Kumho Tire trademarks with Doublestar...
The population aged 65 and over in South Korea exceeded the population aged 14 and under for the first time in history last year.
Aging Society
1 September 2017 - 4:15pm
The Korea National Statistical Office announced on August 31 that the population aged 65 and over exceeded the population aged 14 and under for the first time in history last year. According to its...
The Financial Supervisory Service (FSS) of Korea issued a disciplinary warning to Heungkuk Securities and Heungkuk Asset Management, two of the subsidiaries of the Taekwang Group.
Investigation into Taekwang Subsidiaries
1 September 2017 - 3:15pm
The Financial Supervisory Service (FSS) announced on August 25 that it held a regulatory committee meeting on August 14 and issued a disciplinary warning to Heungkuk Securities and Heungkuk Asset...
A large number of ordinary wage suits are likely to follow in many other companies in various industries as the court the case of Kia Motors favorably to the labor union.
Industry in Crisis
1 September 2017 - 2:00pm
The Seoul Central District Court ruled that the regular bonuses and lunch expenses paid to Kia Motors workers should be regarded as constituting their ordinary wages. Under the circumstances, a large...
GM Korea’s union members are demonstrating against the Korea Development Bank’s selling the shares in GM Korea at the front of the Presidential Office on July 17.
Intervention in Restructuring
31 August 2017 - 10:30am
The South Korean government is about to intervene in the restructuring of Kumho Tire and GM Korea. To this end, the Financial Services Commission (FSC) recently transferred the management of...

Pages

Subscribe to Insight

Copyright 2013 BusinessKorea Co., Ltd.
301 Samdo Building, 12-1
Yeoido-dong, Yeongdeungpo-gu
Seoul, Korea 150-010
Tel: +82-2-578-3220
Fax: +82-2-578-3224
Email: contact@businesskorea.co.kr

 
 

Web design by: