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Fri, July 1, 2022 | 01:28
Unionized workers protest shipbuilders' plan to hire foreign workers for lower pay
The recently eased visa rules that allow more welders, painters and engineers of foreign nationality to work for Korea's shipyards have been at the center of intensifying conflict between unionized workers of Korean nationality and management in the domestic shipbuilding industry, according to industry officials, Wednesday. After the government announced last month that it wo...
Samsung Electronics to pursue corporate acquisitions via new taskforce
Samsung Electronics organized a taskforce recently in charge of discovering new businesses in the device sector, under the direct supervision of Vice Chairman Han Jong-hee, the company said Tuesday.
Legoland Korea opening faces opposition
Legoland Korea Resort and its British operator, Merlin Entertainments, are facing growing uncertainties as to whether it will successfully open the Lego-themed amusement park in Chuncheon, Gangwon Province, on May 5, Children's Day, according to critics, Tuesday. Earlier this week, a civic group comprised of Chuncheon residents, artists and politicians threatened to take ever...
Asiana Airlines sues Gategroup
Asiana Airlines has filed a complaint with the prosecution against Gategroup for allegedly colluding with former Kumho Asiana Group Chairman Park Sam-koo, while filing a civil lawsuit to nullify its 30-year in-flight meal contract with the Swiss catering service provider, according to industry officials, Monday.
Qatar's order for LNG carriers feared to be 'poisoned chalice'
QatarEnergy's previous order for around 100 liquefied natural gas (LNG) carriers collectively worth $19.2 billion - which had once been regarded as a great win - has become a major headache for Hyundai Heavy Industries (HHI), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries, according to market analysts, Monday.
Hyundai Glovis joins hands with Swisslog for smarter logistics services
Hyundai Glovis has decided to enter the smart logistics market by providing its clients with solutions based on artificial intelligence, big data and robotics technologies, the company said Sunday.
POSCO Holdings to collaborate with KEPCO for hydrogen economy
POSCO Holdings and the Korea Electric Power Corp. (KEPCO) signed a memorandum of understanding (MOU) last Friday to cooperate in supplying hydrogen and developing relevant technologies, the two companies said Sunday.
Subcontractors poised to boycott Hyundai E&C construction work
Subcontractors specializing in framework construction are threatening to suspend their work at Hyundai E&C's construction sites nationwide this week, citing the builder's refusal to accept their request to raise payments to compensate for soaring labor costs, as well as the prices of ready-mix concrete and rebar, according to industry officials, Sunday.
'Call me by my English name'
Top executives of Korea's chaebol groups have joined the trend of using English names at the office, as part of efforts to break down their companies' hierarchical cultures and allow their employees more freedom to communicate horizontally, according to industry officials, Sunday.
KG gains upper hand over SBW in bid for SsangYong Motor
Cash-rich KG Group appears to be moving closer to winning the bid to acquire SsangYong Motor for about 1 trillion won ($814 million), as its main competitor, SBW Group, is facing difficulty looking for brokerages and accounting firms to help with its acquisition, according to industry officials, Friday.
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