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Reporter : Kim Hyun-bin
Fri, July 1, 2022 | 01:49
'Only 30% of companies can cope with Serious Accidents Punishment Act'
Only 30 percent of companies are capable of dealing with the recently implemented Serious Accidents Punishment Act, a recent survey shows. The Korea Chamber of Commerce and Industry (KCCI) released the results of the survey marking the 100 days of enforcement of the law, Sunday. In the survey conducted on 930 companies with five or more employees, 30.7 percent of the companie...
Companies enhance benefits to better suit MZ employees' lifestyles
Some of Korea's largest companies are getting more in tune in accommodating the lifestyles of the millennial and the Generation Z (MZ) generations by creating employee benefit programs and a better work-life balance environment that includes increasing paid leave, implementing a four-day workweek and strengthening employee welfare policies.
Major companies scramble to brace for potential perfect storm
Major conglomerates are scrambling to brace for a possible perfect storm amid the Russia-Ukraine war, China's blockade of Shanghai, inflation and the sharp rise in raw material costs, according to company officials. Businesses have been conducting emergency meetings of CEOs to review the current status of business and carry out organizational restructuring to cope with the cr...
Tax burden soared under Moon administration
The Moon Jae-in administration increased the corporate income tax rate during its five-year term (2017 to 2022), while five other advanced countries maintained or lowered tax rates during the same period, making it harder for Korea companies to compete with global rivals, a report showed Thursday.
KT sees operating profit jump to 12 year high in Q1
KT recorded its largest operating profit in 12 years thanks to strong performances across its media, mobile commerce and enterprise services, according to its regulatory filing Thursday.The firm's operating profit climbed to 626.6 billion won for the January-March period, an increase of 41.4 percent from the same period a year earlier.
LS Group chief picks EV components as future growth engine
LS Group Chairman Koo Ja-eun has selected electric vehicle (EV) parts and charging businesses to be future growth engines, as global demand for EVs is expected to show exponential growth in the coming years. LS Group plans to make active investments in the EV parts and charging businesses to accomplish its strategy.
Chaebol set to unveil massive investment plans under new gov't
Korea's major business groups are expected to unveil massive investment plans soon after the country inaugurates a new president on Tuesday. President Yoon Suk-yeol has promised to create a business-friendly environment by easing regulations and expanding support for semiconductor manufacturers and other key industries, according to business officials Monday. Pledging to crea...
OneStore to push ahead with IPO despite growing uncertainties
OneStore CEO Lee Jae-hwan says the company will push ahead with its scheduled initial public offering (IPO) on the KOSPI in May, despite SK Shieldus withdrawing its IPO plans, citing lack of investor confidence. “It is unfortunate that SK Shieldus, an affiliated company, withdrew its listing, but we plan to keep pushing ahead with the listing because the industry is different...
The 15th World Forestry Congress ends, addresses crucial environmental issues
The 15th World Forestry Congress came to a close Friday with global environmental leaders discussing major nature-based solutions to climate change and other eco-friendly measures during the five-day event held at COEX in Seoul. The World Forestry Congress is held every six years under the supervision of the Food and Agriculture Organization of the United Nations (FAO). Fores...
Major conglomerates set up contingency plans, prepare for worst-case scenario
A number of conglomerates are setting up contingency plans preparing for the worst-case scenario as uncertainties are mounting, including rising inflation, interest rate hikes, lockdowns in China and the war in Ukraine. Hanwha Solutions, Hanwha Energy, Hanwha Impact, and Hanwha Total Energy's petrochemical and energy business divisions held a meeting, Thursday, to review mana...
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