Economy
Business·Industry
LGELECTRONICS to Build New Refrigerator Plant in Brazil… Accelerating Expansion into the ‘Global South’
LGELECTRONICS is accelerating its push into the “Global South” market by launching a refrigerator production plant in Brazil with an annual capacity of 600,000 units. The company’s strategy is to enha…
Business·Industry
Koo Kwang-mo and Jensen Huang’s ‘Pork Belly Dinner’ Leads to… LG Corp. and NVIDIA’s Physical AI Alliance
Following the “pork belly dinner” between LG Corp. Chairman Koo Kwang-mo and NVIDIA CEO Jensen Huang, the strategic partnership between the two companies is becoming even stronger. The two, who met in…
Business·Industry
SMEC CO.,LTD’s Appeal Dismissed… Preliminary Injunction Allowing SNT Holdings to Inspect Accounting Records Upheld
A court ruling allowing SNT Holdings—which is embroiled in a management control dispute with SMEC CO.,LTD—to inspect and copy SMEC CO.,LTD’s accounting records and other documents has been upheld even…
Business·Industry
SAMSUNG SDI CO.,LTD.’s First-Half Capacity Utilization Rebounds to 73%… R&D Expenditures Reach 858.6 Billion
SAMSUNG SDI CO.,LTD.’s utilization rate for its small-sized battery production facilities rebounded to the 70% range in the first half of this year. Research and development (R&D) expenses exceeded 85…
Business·Industry
Samsung Bio Labor and Management Seek Breakthrough in Wage and Collective Bargaining Talks… Agree on ‘Post-Negotiation Adjustment’
On April 22, members of the SAMSUNG BIOLOGICS Win-Win Labor Union held a rally in front of the company’s Songdo facility in Yeonsu-gu, Incheon, to demand wage increases and other concessions. (Photo: …
Business·Industry
"Hanikmen's Bank Accounts Are Already Set to Hit the 100 Million Mark"... Their Salaries Left People Speechless
It has been revealed that Kwak No-jeong, President and CEO of SK hynix, received approximately 26.1 billion won in compensation for the first half of this year. The average salary per employee was 144…
Business·Industry
LG Corp. Chairman Koo Kwang-mo Receives 4.8 Billion Won in Compensation for First Half… Slight Increase from Previous Year
LG Corp. Chairman Koo Kwang-mo received more than 4.8 billion won in compensation during the first half of this year.According to the semi-annual report disclosed by LG Corp. on the 14th, Chairman Koo…
Business·Industry
SKSQUARE Reports Record-High Second-Quarter Operating Profit of 19.2 Trillion Won… Prepares for New Investments in AI and Semiconductors
SKSQUARE(402340)achieved record-high earnings for both the quarter and the first half of the year, driven by strong performance at SK hynix(000660)and a portfolio restructuring focused on AI and semic…
Business·Industry
Hyundai Motor Union Extends Strike to 6 Hours… Negotiations Set to Resume on the 18th
As the Hyundai Motor Company labor union escalates its strike actions surrounding this year’s wage negotiations, labor and management are set to resume negotiations on the 18th. The union had original…
Business·Industry
SK hynix’s Unified Union Breaks Down Job Category Barriers… Will It Transform Labor-Management Relations Beyond Performance Bonuses?
The SK hynix Unified Labor Union, which was formed amid a dispute over performance-based pay, has embarked on an experiment to create a new union that encompasses production workers as well as technic…