The former chief technology officer (CTO) of Kakao Bank, who sparked controversy by exercising stock options worth some 7 billion won (US$5.25 million) immediately after Kakao Bank’s listing, has been nominated as the new CTO of Kakao.According to the IT industry on March 4, it has been reported tha
The legal risks facing the former President of POSCO, Jang In-hwa, who has been nominated as the next chairman of the POSCO Group, are growing, sparking controversy.According to industry sources, on Feb. 19, the People’s Livelihood Countermeasure Committee filed a complaint against former President
Civic groups in Pohang, North Gyeongsang Province, collectively known as the “POSCO Citizens’ Response Committee,” held an urgent executive committee meeting on Feb. 12 to formally oppose the nomination of former POSCO President Jang In-hwa as the CEO candidate for POSCO Holdings.The Citizens’ Commi
Com2us will launch three new games for the global game market in different genres in the first half of the year. “Our goal is to see all three new games reach top 10 in sales in the global market,” said Han Ji-hoon, head of the game industry division at Com2us.Com2us revealed the details of the thre
GC Biopharma Group is approaching close to 5 trillion won in total assets, setting a milestone as the first traditional pharmaceutical group to reach the disclosure threshold for public reporting.According to the electronic disclosure system on Jan. 11, the total assets of GC Biopharma Group, includ
With the financial authorities deciding to implement a complete ban on short selling by the first half of next year, the South Korean stock market experienced a historic surge on Nov. 6. Secondary battery companies, which had been the primary targets of short sellers, all showed a significant increa
Unionists of Daewoo Shipbuilding & Marine Engineering (DSME) have approved a provisional agreement on this year’s wage and collective bargaining.According to DSME officials, 4,501 out of the union's 4,809 members participated in the vote, with 2,659 (59.08 percent) of them endorsing the agreemen
The Korea Enterprises Federation recently conducted a survey on domestic labor unions and movements and released the results on Sept. 20. A total of 1,000 persons answered to the survey, 67.5 percent of them said that unionized workers must avoid illegal acts although what they demand are acceptable
Huawei has launched Asia Pacific Seeds for the Future 2022 in collaboration with ASEAN Foundation and Tourism Authority of Thailand (TAT). From Aug. 19 to 27, the program will bring together 120 outstanding students from 16 countries across the Asia Pacific region for a 9-day digital boot camp in Th
Samsung Electronics will implement a new personnel management system starting this month, including a senior track system that allows highly skilled employees to work for the company after their retirement.The company announced on its internal bulletin board on May 10 that the new personnel manageme
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Hyundai Ezwel is the largest employee welfare platform operator in Korea. As company welfare budgets are unlikely to contract, a stable sales increase is expected from the firm’s existing clients.
Samsung Electronics vice chairman Lee Jae-yong met with Google CEO Sundar Pichai on Nov. 22 (U.S. local time) and discussed cooperation in new technologies, including system semiconductors, virtual reality, augmented reality and autonomous driving.Google is planning to use an application processor (
The Korean Fair Trade Commission (FTC) has turned out to be the only one among the fair trade watch dogs in six countries that has not yet completed the first phase of the review regarding the merger between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME).Among the
SK Hynix has tentatively agreed with its labor union to raise wages by 8% on average for this year. The company’s wage increase rate for this year is more than double the increase rate of the past two years, when wages increased 3% to 4%.Analysts say that SK Hynix decided to raise employees’ wages s
Samsung Electronics' corporate reputation in the global market has declined amid a leadership vacuum caused by the imprisonment of vice chairman Lee Jae-yong.The company placed 31st in the 2021 Axios Harris Poll 100 released by Harris Poll, a U.S. public opinion survey company. The list names th
The Chinese government is initiating large-scale regulations on its fast-growing digital economy sector. Under the circumstances, concerns are rising over the possibility that South Korean financial companies may be adversely affected by the regulations. This is because the regulations may lead to m
Kim Beom-su, chairman of Kakao, has signed the Giving Pledge, officially pledging to donate more than half of his personal assets to society. Kim became the 220th pledger of the Giving Pledge, the company announced on March 16.The Giving Pledge is a global philanthropic movement that was launched in
Group-wide job cuts are sapping employee morale at Lotte Group. Among group affiliates, Lotte Food, Lotte GRS, Lotte Asahi Liquor, Lotte Hi-Mart, and Hotel Lotte are implementing voluntary retirement programs.Not many employees have applied for the programs yet because the terms of voluntary retirem
POSCO labor union and its management have agreed to freeze wages for 2020.POSCO Labor Union, the representative union for collective bargaining, put the company’s 2020 wage proposal to a vote on Aug. 31 and 93.44% of the unionized workers were in favor of the offer.In exchange, the approved proposal
Samsung Electronics vice chairman Lee Jae-yong visited a factory of SEMES, a semiconductor and display equipment subsidiary of Samsung Electronics, to encourage its employees to redouble their efforts to navigate through an uncertain business environment."I cannot see the end of uncertainty," Lee sa