Economy
Business·Industry
SAMSUNG SDI CO.,LTD. Also Shifts Performance Bonus Funding Source from ‘EVA’ to ‘Operating Profit’
SAMSUNG SDI CO.,LTD. is changing the basis for calculating the funding for its performance-based bonus, the Excess Profit Incentive (OPI), from Economic Value Added (EVA) to operating profit. Followin…
Business·Industry
SK hynix Labor and Management Agree to Adjust the Ratio of Performance Bonuses Paid in Company Stock from 60% to 50%
Management and labor at SK hynix have reached a tentative agreement to adjust the proportion of treasury stock in the Profit Sharing (PS) bonus—a performance-based incentive—from 60% to 50%. This new …
Business·Industry
LG Corp. Brings ‘AI Home’ to Dutch Appliance Store… Store Sales Up 20% [Field Report]
“As you can see right now, it’s no fun when products are just lined up in a row. Since products are ultimately used at home, I wanted to show how they’re actually used in everyday life.”
At the LGE…
Business·Industry
Europe Phasing Out Gas Boilers… LG Corp. Secures Contract for Entire ‘Integrated Solution’ Beyond Heat Pumps [Report]
A newly constructed apartment complex with 102 units in Leidscherk, located about a 20-minute drive from Rotterdam, Netherlands. Climbing onto the roof of the building, which is currently under constr…
Business·Industry
SamsungElectronics to Train Specialized Heat Pump Personnel… Accelerating Expansion into the Electric Heating and Cooling Market
SamsungElectronics is accelerating its push into the domestic electric heating and cooling market by training professionals specialized in the installation and servicing of EHS heat pumps.
SamsungE…
Business·Industry
SK hynix Saves 170,000 Metric Tons of Water Per Day… Water Reuse Volume Up 54% in Four Years
SK hynix has reportedly saved an average of 170,000 metric tons of water per day last year by reducing water consumption and reusing wastewater in its semiconductor manufacturing process. According to…
Business·Industry
Jay Y. Lee Buys 1.9 Trillion Won Worth of Samsung Shares from Mother Hong Ra-hee… Presumed to Repay Inheritance Tax Loan (Comprehensive)
SamsungElectronics Chairman Jay Y. Lee is purchasing approximately 1.94 trillion won worth of SamsungElectronics shares held by his mother, Hong Ra-hee, Honorary Director of the Leeum Museum of Art, i…
Business·Industry
[Breaking News] Jay Y. Lee Buys 7.18 Million Shares of Samsung Electronics Stock Worth 1.9 Trillion Won from His Mother, Hong Ra-hee
SamsungElectronics Chairman Jay Y. Lee is set to purchase approximately 1.94 trillion won worth of SamsungElectronics shares held by his mother, Hong Ra-hee, the former director of the Leeum Museum of…
Business·Industry
SK Hanik Union Begins Recount on Wage and Collective Bargaining Agreement… Will a Conclusion Be Reached Before Chuseok?
The SK hynix labor union will hold another general vote on the tentative collective bargaining agreement on the 15th and 16th. This comes three weeks after the tentative agreement reached by managemen…
Business·Industry
Korea Tourism Organization Spends 14.2 Billion Won on Overseas OTAs Over 6 Years… Criticized for Overreliance
It has been revealed that 8 out of 10 projects aimed at attracting foreign tourists, carried out by the Korea Tourism Organization (KTO) in partnership with online travel agencies (OTAs), were concent…