employee wellbeing

Leadership & Management Hyundai's Chung urges guarding against pessimism in ‘perfect storm’

Hyundai Motor Group Executive Chairman Chung Euisun on Monday urged executives and employees to guard against pessimism amid a “perfect storm&...

E-commerce Loss-making Gmarket joins Shinsegae’s job cut spree

Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...

Banking & Finance Mirae Asset Securities introduces AI assistant platform for its employees

South Korea's Mirae Asset Securities said on Friday that it introduced an artificial intelligence (AI) assistant platform to enhance company-wide op...

Korean chipmakers Samsung strives to prevent musculoskeletal disorders in the workplace

Samsung Electronics Co., the world’s largest memory chipmaker, is striving to prevent musculoskeletal disorders (MSDs) in its workplace to imp...

Corporate strategy AI-driven shifts will unlock opportunities: SK Chairman

Challenges are ahead but the artificial intelligence industry will eventually boom, opening new markets, said South Korea’s second-largest bus...

E-commerce Gmarket CEO vows to reclaim lead with know-how from Alibaba, Coupang

The new chief executive of South Korea’s Gmarket Inc. on Monday pledged to drive the local retail giant Shinsegae Group’s online shoppin...

Corporate restructuring Affinity-backed SSG.COM offers 1st voluntary redundancies

Money-losing SSG.COM, once the most popular online shopping mall in South Korea, is asking some of its employees to volunteer to leave the company f...

Tech, Media & Telecom LG Uplus to unveil quantum proof solution Alphakey

South Korea's LG Uplus Corp. announced on Monday that it will unveil its new integrated account management solution for cloud services Alphakey at Q...

Artificial intelligence Nvidia co-leads Series A round for AI startup Twelve Labs

Global chip giant Nvidia Corp. has co-led a $50 million Series A funding round for Twelve Labs, a South Korean artificial intelligence company speci...

Retail KT&G faces $2 bn damages suit over heated tobacco invention

KT&G Corp., the world’s fifth-largest tobacco maker, is facing a $2 billion damages suit from a former employee who claimed the South Kore...

ESG SK Telecom, SoftBank to collaborate for SV measurement

South Korea’s SK Telecom Co. announced on Tuesday that it signed a memorandum of understanding (MOU) for cooperation in measuring social value...

Retail Lotte Duty Free rebrands LDF House to Now in Myeong-dong

South Korea’s Lotte Duty Free announced on Tuesday that it changed its duty-free showroom LDF House, which was opened last October in Myeong...

Corporate strategy Hyundai Motor aims for next takeoff with $51 billion investment

Hyundai Motor Group plans to spend 68 trillion won ($51 billion) and hire 80,000 new employees over three years as South Korea’s top automaker...

Real estate IGIS Asset halts sale process of controlling stake

Key shareholders of South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, have decided to halt the process of...

Corporate governance Hanwha Group extends RSU to all affiliates

South Korea’s Hanwha Group announced on Wednesday that it will extend the restricted stock unit (RSU) to its all affiliates. Next year, RSU ...

Tech, Media & Telecom Naver's Wattpad lays off 30 employees again

Naver Corp.'s subsidiary and North American original fiction platform, Wattpad, has once again carried out layoffs after a year. According to the we...

Korean chipmakers No annual bonuses for Samsung chip unit due to loss

Samsung Electronics Co., the world’s top memory chipmaker, decided not to pay annual bonuses to staff of its semiconductor business due to the...

Leadership & Management HD Hyundai aims to double number of female employees by 2030

HD Hyundai Co., the world’s largest shipbuilding group, will introduce a childcare leave system to make the male-dominated conglomerate an att...

Korean startups Middle East, land of opportunity for Korean startups

South Korean startups are accelerating their foray into the Middle East, where oil-rich countries are keen to nurture startups with innovative and d...

Entertainment SM Entertainment invests in tech startup, music label

K-pop powerhouse SM Entertainment Co. invested 1 billion won ($774,353) in a local app development startup valued at 20 billion won in June 2022 via...

Artificial intelligence ESTsoft, LG Energy sign AI human education program contract

South Korea's AI service specialist company ESTsoft Corp. announced on Tuesday it has signed an education content supply contract with LG Energy Sol...

Tech, Media & Telecom Samsung Elec looks to Google, Apple alumni for future growth

Samsung Electronics Co., the world’s top memory chip and smartphone maker, has tapped more alumni from US Big Tech companies such as Google, A...

Healthcare Samsung Welstory to develop corporate healthcare menu

South Korean food and beverage (F&B) company Samsung Welstory has teamed up with Kangbuk Samsung Hospital to develop business-to-business (B2B) ...

Bio & Pharma SK C&C to provide corporate employee healthcare

South Korea’s SK C&C on Tuesday signed an agreement to offer employee healthcare management programs to companies with digital healthcare ...

Electronics Samsung to hire experienced foreign staff in R&D

Three affiliates of Samsung Group are looking to hire outstanding foreign researchers.Samsung Electronics Co., Samsung Display and Samsung SDI Co. o...

Corporate strategy SK Group to pursue employee-led ‘deep change’

SK Group, South Korea’s second-largest conglomerate, has been dedicated to its “Deep Change” initiative since Group Chairman Chey ...

Entertainment BTS Suga becomes honorary employee of Samsung

BTS member Suga (Min Yoon-gi), who used to shout "Only Galaxy," has now become a member of Samsung Electronics Co.'s marketing team. Suga posted a p...

Corporate strategy CJ CheilJedang simplifies organizational structure in global push

CJ CheilJedang Corp., the South Korean food giant with more than 200 operations worldwide, has streamlined its organizational structure to facilitat...

Shipping & Shipbuilding Hanwha Ocean's hiring shows shipbuilding's competition for talent

South Korea's Hanwha Ocean Co., formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), is showing the intense hiring battle in shipbuildi...

Leadership & Management Samsung Elec joins global 4-day workweek push for work-life balance

Samsung Electronics Co. is joining the global four-day workweek move, albeit only partially, under its chief Jay Y. Lee’s leadership that emph...