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Monday, May 01, 2017

Management

GM Korea Labor Union is demanding a 500-percent performance-based bonus in their wage negotiation of this year.
Despite 530 Billion Won in Loss
28 April 2017 - 5:00pm
Controversy has been aroused by the GM Korea Labor Union’s demand for a 500-percent performance-based bonus in their wage negotiation of this year. It is pointed out that the trade union's demand...
Samsung Electronics will not adopt a holding company structure.
Samsung Governance Structure
28 April 2017 - 4:30pm
Samsung Electronics announced on April 27 that it would not adopt a holding company structure. “After deliberating on the matter for about five months, we have reached a conclusion that the structure...
The logo of CGV.
Not Paying to Part Timers
27 April 2017 - 4:00pm
The Ministry of Employment and Labor recently monitored labor management practices by 48 movie theaters operated by CJ CGV, Lotte Cinema and Megabox, and confirmed that CGV had the highest amount of...
A co-pilot’s sexual assault of a female flight attendant is stirring up controversy at Korean Air.
Sexual Assault
27 April 2017 - 3:45pm
A co-pilot’s sexual assault of a female flight attendant is stirring up controversy at Korean Air which was put in a hole by the nut rage of Cho Hyun-ah (former vice president of Korean Air). The 3rd...
A Starbucks campaign poster (a screen capture of the Starbucks website)
Criticisms on Starbucks
25 April 2017 - 3:15pm
A firestorm of protest has been sparked off as Starbucks Korea's manner campaign depicts all finicky customers as females. The start of the controversy is Starbucks Coffee Korea's three-part "...
Park Jung-won, chairman of the Doosan Group are making furniture for local families with Doosan employees.
Doosan Event across the Glove
20 April 2017 - 12:15pm
The Doosan Group announced on April 19 that the 'Doosan Day of Community Service' event was held by employees of its business sites all over the world. This year, in particular, the event marks its...
An MOU is being signed by Jung Ha-hwang, president of Korea Western Power (left from the center) and Guo Ming (right from the center), president of Gemeng International.
Sharing Knowledge
19 April 2017 - 12:00pm
Korea Western Power (KOWEPO) announced on April 17 that the company signed a technical agreement for the operation and maintenance of coal power generation and renewable power generation facilities...
Kumho Asiana Group Chairman Park Sam-koo decided not to exercise his right to buy back Kumho Tire.
Dropping His Right This Time
19 April 2017 - 10:45am
Kumho Asiana Group Chairman Park Sam-koo decided not to exercise his right of first refusal to acquire a stake in Kumho Tire. However, he urged creditors for a fair rebid, calling the process of...
Peruvian Vice President Merzedes Araoz (4th from left) and Lee Kyu-hong (5th from left), vice president of Orion in the Orion Relief Goods Delivery Ceremony.
Donation to the Damaged
14 April 2017 - 12:00pm
The Orion Group announced on April 12 that the company donated 50,000 Choco Pies to Peru seriously damaged floods under an El Niño phenomenon. Lee Kyu-hong, vice president of Orion, flew into Peru...
The National Tax Service (NTS) has imposed 314.7 billion won (US$275.74 million) in corporate taxes for alleged tax evasion on Oracle Korea.
Tax Evasions
11 April 2017 - 12:00pm
According to industry sources on April 10, the National Tax Service (NTS) has imposed 314.7 billion won (US$275.74 million) in corporate taxes for alleged tax evasion on Oracle Korea after conducting...
The National Tax Service would additionally collect more than 500 billion won in the corporate tax from Samsung Electronics for the latter’s tax accounting errors.
Due to Different Interpretation
11 April 2017 - 10:15am
Samsung Electronics is expected to pay more than 500 billion in tax after receiving a tax probe from the National Tax Service. According to the Korean business world and Samsung Electronics, the 1st...
Dow-DuPont Case in Korea
10 April 2017 - 2:00pm
The Korea Fair Trade Commission (FTC) said that the merger of Dow Chemical and DuPont can restrain the competition in the acid co-polymer sector and ordered to sell the related assets. The FTC...

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