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Saturday, August 19, 2017

Insight

Deputy prime minister Kim Dong-yeon (right) and Bank of Korea Governor Lee Ju-yeol
Against Intervention by Presidential Office
17 August 2017 - 2:30pm
Deputy Prime Minister and Minister of Strategy & Finance Kim Dong-yeon and Bank of Korea Governor Lee Ju-yeol had a meeting on August 16. There, they called on the Blue House (Presidential Office...
The National Pension Service (NPS) has to reduce the ratio of Samsung Electronics in the portfolio in accordance the National Pension Act, if vice chairman Lee Jae-yong is convicted of bribery and so on.
Caught in Corporate Governance Issue
11 August 2017 - 12:15pm
The result of the trial of Samsung Electronics Vice Chairman Lee Jae-yong cannot but affect the stock investment portfolio of the National Pension Service (NPS) of South Korea. It is expected that...
The Korea Employers Federation pointed out that,employers have to bear a one-off cost of no less than 38 trillion won (US$34 billion) and the number of jobs can be reduced by approximately 410,000, if regular bonuses are included in ordinary wages.
Considering Significant Effect
10 August 2017 - 12:30pm
The Seoul Central District Court deferred the ruling of the first trial regarding the ordinary wage lawsuit filed by Kia Motors union members for more opinions to be heard from both sides. A new date...
Kumho Tire's sales force and overseas buyers they held a silent protest against the problematic sale of the company to Doublestar in front of Kumho Asiana Main Building in Gwanghwamun, Seoul on August 8.
Against Sell-off
9 August 2017 - 3:15pm
Kumho Tire's sales force and overseas buyers took to the street together. On August 8, they held a silent protest against the problematic sale of the company in front of Kumho Asiana Main Building in...
Dong-A Socio Holdings Chairman Kang Jung-seok.
Illegal Kickbacks
9 August 2017 - 1:00pm
The chairman of Dong-A Socio Holdings, the holding company of Dong-A Pharmaceutical, has been detained on charges of tax evasion and offering illegal kickbacks to local doctors as bribes for...
South Korea’s GDP volatility is falling more rapidly than the average of OECD member countries.
GDP Volatility
9 August 2017 - 11:00am
The Bank of Korea announced on August 8 that South Korea’s GDP volatility is falling more rapidly than the average of OECD member countries. The GDP volatility is one of those indicators that show...
The Hyundai Motor Group’s production activities will be temporarily stopped for the sixth consecutive year once the two unions go on strike this year.
Huge Loss from Strikes
8 August 2017 - 11:15am
Hyundai Motor Company union members decided to go on partial strike soon. Kia Motors union members take a vote on August 8. The Hyundai Motor Group’s production activities will be temporarily stopped...
The result of the first trial regarding the ordinary wage of Kia Motors workers is predicted to have a significant impact on the Korean automobile industry as a whole.
Whirlwind of Ordinary Wage
8 August 2017 - 11:00am
The result of the first trial regarding the ordinary wage of Kia Motors workers, which has continued for almost six years, is predicted to have a significant impact on the automobile industry of...
Vice-chairman Lee Jae-yong once said, ‘I do not like being the chairman of the Samsung Group for its negative image. I want to be called the chairman of Samsung Electronics.”
Vice Chairman Lee’ Remarks
7 August 2017 - 3:00am
Stories to show the Samsung Group’s overall business were told during a trial of vice chairman Lee Jae-yong and the former head of Samsung Group’s the Future Strategy Office Choi Ji-sung, which was...
The number of recalls in South Korea increased from 1,586 to 1,603 between 2015 and 2016.
For Positive Reputation
4 August 2017 - 1:30pm
The Korea Fair Trade Commission (KFTC) announced on August 3 that the number of recalls in South Korea increased from 1,586 to 1,603 between 2015 and 2016. Last year, the number of recall orders from...
South Korea recorded a current account surplus of US$36.27 billion, down 29.8% from a year ago, in the first half of this year.
Due to Service Account Deficit
4 August 2017 - 11:30am
The Bank of Korea announced on August 3 that South Korea recorded a current account surplus of US$36.27 billion, down 29.8% from a year ago, in the first half of this year. During the period, its...
The Korea Development Bank (KDB) officially recognized a possibility of GM’s withdrawal from Korea.
GM’s Option
4 August 2017 - 2:45am
The Korea Development Bank (KDB) officially recognized a possibility of GM’s withdrawal from Korea. In fact, there will be no way to stop GM if the automaker withdraws from Korea. The state-owned...

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