Management | BusinessKorea

Monday, November 20, 2017

Management

GM Korea CEO Kaher Kazem is planning to cut costs in various ways.
Restructuring Ahead
18 September 2017 - 10:45am
It has been found that GM Korea president and CEO Kaher Kazem is planning to cut costs in various ways and his measures are likely to include wage freeze as well as recently stopped TV and radio...
Manager Chung Seung-in (2nd from right) and director Anthony (1st from right) of of PT. Jico Agung, and Choi Yong-ki (4th from right), head of Good Neighbors Indonesia are posing with children who receive the benefits of Daesang Corp’s support program.
CSR in Indonesia
15 September 2017 - 11:45am
Daesang Corp. announced on September 14 that the company donated 40 million won (US$36,000) in a donation ceremony to promote the rights of children in Indonesia. The company has been sponsoring the...
GM Korea CEO Kaher Kagem Kazem's did not accepted union's request to replace the interpreter who provided allegedly fodder for another conflict with the labor union.
Unanticipated Factor?
14 September 2017 - 4:30pm
The labor and management of GM Korea Labor tried to resume negotiations in 50 days but strangely, the attempts were thwarted over the issue of changing an interpreter. The labor union decided to...
The rapid growth of the Hanwha group’s sales and profitability was propelled by Hanwha Total and Hanwha Techwin that were acquired from Samsung in 2015.
Big Deal Effect
14 September 2017 - 1:30pm
As all the subsidiaries of Hanwha have evenly put up a good show, the total operating profit of Hanwha Group is expected to surpass 4 trillion won (US$3.54 billion) this year, reaching a record high...
The average monthly salary of employees working for South Korean companies was US$3,164 in 2016, equivalent to 92.6% of the average monthly salary of Japanese employees.
Wage Imbalance
14 September 2017 - 12:30pm
On September 13, the Korea Small Business Institute (KOSBI) released a report on the wage gap by company size. According to the report, the average monthly salary of employees working for South...
Park Sam-koo, chairman of the Kumho Asiana Group, handed in the self-help plan for Kumho Tire to creditors on September 12.
Back to Square One
13 September 2017 - 12:00pm
As Kumho Tire's preferred bidder Doublestar sent an agreement for the cancellation of a stock purchase agreement (SPA) to creditors on September 12, the sale of Kumho Tire was finally aborted. As...
Shin Dong-joo, who is the eldest son of the family owning the Lotte Group, decided to sell most of his shares in Lotte Shopping, Lotte Chilsung Beverage, Lotte Food and Lotte Confectionery.
Going to Plan B?
13 September 2017 - 11:30am
SDJ Corporation announced on September 12 that its chairman Shin Dong-joo, who is the eldest son of the family owning the Lotte Group and a former vice chairman of Lotte Holdings Japan, would sell...
Samsung Life Insurance failed to pay insurance money according to the policy terms and provide less delay charges than standards.
Against Good Faith
12 September 2017 - 1:15pm
According to the Financial Supervisory Service (FSS), Samsung Life Insurance Co. failed to pay insurance money according to the policy terms and provide less delay charges than standards, so the FSS...
The number of Korean companies listed on the Dow Jones Sustainability Index (DJSI) World increased from 21 last year to 23 this year.
Sustainable Growth
8 September 2017 - 12:30pm
The number of South Korean companies listed on the Dow Jones Sustainability Index (DJSI) World increased from 21 last year to 23 this year. The average score of South Korean companies stood at 72.2,...
Celltrion Holdings was fined 2.4 billion won (US$2.1 million) for violating standards on holding subsidiaries’ stocks.
Violating Standards
7 September 2017 - 6:00pm
Celltrion Holdings, the holding company of a biopharmaceutical company Celltrion with the highest market capitalization in the KOSDAQ market, was fined 2.4 billion won (US$2.1 million) for violating...
Lee Kwang-hak (left), an executive director of climate change response at the Korea Energy Agency and Hiroshi Kuniyoshi (right), deputy to the director general of the UNIDO.
Recognized by UNIDO
7 September 2017 - 11:30am
The Korea Energy Agency (KEA) received a letter of appreciation from the United Nations Industrial Development Organization (UNIDO) for its contribution to developing energy efficiency cooperation...
KEB Hana Bank reinstated a branch manager who stepped down during an investigation into his alleged sexual harassment as an overseas branch manager.
Sexual Harassment Allegation
6 September 2017 - 4:30pm
Controversy has been stirred up as it was found that KEB Hana Bank (CEO Ham Young-joo), reinstated a branch manager who stepped down during an investigation into his alleged sexual harassment as an...

Pages

Subscribe to Management

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: