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Friday, December 15, 2017

Insight

Roughly 1,000 members of the Metal Labor Union under the Korean Confederation of Trade Union were holding a rally near the Blue House (presidential Office) on June 28 this year.
Bomb of Normal Wage
31 August 2017 - 8:45pm
Kia Motors fell into a crisis of bearing a one trillion won normal wage burden. On August 31, the court ruled in favor of the Kia Motors Labor Union in the first trial of its lawsuit against the...
Korea’s car production shrank nearly 10 percent to 2.16 million units this year from 2.38 million units in 2012.
Shrinking Production
31 August 2017 - 11:00am
It is likely to be not long till Korea's car production will be overtaken by that of Mexico. This is because Korea outweighed Mexico in car production only five years ago, but the gap has narrowed...
Ranking 1st in Asia
31 August 2017 - 10:30am
More than 300 exchange-traded funds (ETFs) have been listed on the domestic stock market. The Korea Exchange (KRX) announced its plan to list 500 ETF items and turn it into the global leading market...
The government determined the 429 trillion won (US$381.1 billion) budget for next year during a Cabinet meeting chaired by Prime Minister Lee Nak-yon at the Government Complex Sejong on August 29.
Record-high Budget for 1918
30 August 2017 - 1:45am
The South Korean government has raised its 2018 budget 7.1 percent from that for this year to 429 trillion won (US$381.1 billion). The Moon Jae-in administration's first proposed budget calls for...
Samsung Electronics is planning to build an open connected ecosystem that meets the needs of consumers by organically harmonizing large-scale hardware, software and services. (photo courtesy: Samsung Electronics)
‘Samsung Connect’
29 August 2017 - 2:15pm
Samsung Electronics is planning to build an open connected ecosystem that meets the needs of consumers by organically harmonizing large-scale hardware, software and services. Patrick Chomet,...
The domestic petrochemical industry hit a snag as major petrochemical companies in the US are planning to expand the annual ethylene production by 4.5 million tons.
Falling into Ambush
29 August 2017 - 10:45am
The domestic petrochemical industry, which have enjoyed a boom, hit a snag. This is because major petrochemical companies in the United States are planning to expand the annual ethylene production by...
The Western countries are hoping that South Korea will put a brake on Russia and China by maintaining the competitiveness of its nuclear power industry.
Concerns from Western Nations
28 August 2017 - 11:45am
An increasing number of countries are expressing concerns over the South Korean government’s nuclear-free policy. About seven countries, including South Korea, have exported at least one nuclear...
Hyundai Motor Group has made the least progress in governance structure reform among the nation’s top five conglomerates.
Through Equity Spinoff
23 August 2017 - 10:15am
A rumor that Hyundai Motor Group, which is considered South Korea’s number two business group after Samsung, is working to convert to the holding company structure is emerging again. This has come...
The National Pension Service (NPS) has to reduce the ratio of Samsung Electronics in the portfolio in accordance the National Pension Act, if vice chairman Lee Jae-yong is convicted of bribery and so on.
Caught in Corporate Governance Issue
11 August 2017 - 12:15pm
The result of the trial of Samsung Electronics Vice Chairman Lee Jae-yong cannot but affect the stock investment portfolio of the National Pension Service (NPS) of South Korea. It is expected that...
The result of the first trial regarding the ordinary wage of Kia Motors workers is predicted to have a significant impact on the Korean automobile industry as a whole.
Whirlwind of Ordinary Wage
8 August 2017 - 11:00am
The result of the first trial regarding the ordinary wage of Kia Motors workers, which has continued for almost six years, is predicted to have a significant impact on the automobile industry of...
The top marginal corporate income tax rate in Korea will be raised next year to 25% from the current 22% for corporations with more than 200 billion won (US$177.79 million) of annual taxable income.
Targeting 129 Large Businesses
3 August 2017 - 1:45pm
The Moon Jae-in administration will start raising the rate of taxation for large businesses next year. Going against the latest trend that many countries are scrambling to lower corporate taxes, the...
The Korean government will expand the supply of electric cars and promote the self-driving car industry including the establishment of car and ICT convergence platforms.
Future Growth Engines
20 July 2017 - 12:45pm
The Moon Jae-in administration will increase the number of electric cars and hydrogen powered cars to 350,000 and 15,000, respectively, by 2022. It will also focus on promoting new industries of the...

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