salaries

Aerospace & Defense S.Korea taps ex-NASA exec John Lee as space agency R&D head

South Korea named John Lee, a former senior executive of the US National Aeronautics and Space Administration (NASA), as the head of missions such a...

Corporate restructuring Taeyoung E&C lets chairmen go as part of restructuring

Belt-tightening Taeyoung Engineering & Construction Co. (Taeyoung E&C), the 16th-largest construction company in South Korea and undergoing ...

Korean games Faker’s T1 wins League of Legends global championship

South Korea’s video game team T1 led by local hero and professional player Lee “Faker” Sang-hyeok won the 2023 League of Legends W...

Electric vehicles Global EV, battery sectors in war for talent acquisition

Global electric vehicle and battery makers are fiercely competing to secure talent with high salaries and various incentives as their workforces a...

Artificial intelligence AI talent shortage poses threat to Korean AI tech development

Since the advent of the AI-powered chatbot sensation ChatGPT, the battle to win AI talent across companies large and small has intensified, threaten...

Economy Seoul eyes opening doors to domestic helpers from Southeast Asia

Seoul is slated to welcome domestic helpers from Southeast Asia later this year to ease the burden of childcare and address issues surrounding Korea...

Aerospace & Defense S.Korea to lure global talent with high pay for space agency

South Korea is set to attract global talent with high salaries for a planned government space agency as the country aims to boost long-term growth i...

Airlines Fly Gangwon fails to pay salaries again due to financial woes

Fly Gangwon, a low-cost carrier based at Yangyang International Airport in Gangwon Province, South Korea, is in serious financial trouble. As its fi...

Korean chipmakers Samsung's chipmaking unit raises initial base salary to match SK Hynix's

Samsung Electronics Co.'s device solutions (DS) division, which manufactures semiconductors and displays, has raised its initial annual base salary ...

Venture capital Venture capitalists in S.Korea enjoy record salaries in 2021

South Korea’s venture capitalists put record high investments into startups last year. Thanks to positive returns on investments, a number o...

Korean startups Acqui-hire practices increase in S.Korea’s startup ecosystem

Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...

Korean games NCSoft's 2021 profit halves on labor, marketing costs

South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...

Tech, Media & Telecom KakaoTalk emoticon designers can earn more than average salaried worker

It has been 10 years since tech giant KakaoCorp. launched emoticon services within its namesake messenger app KakaoTalk. Today, there are some ...

Pension funds KIC sees 11 alternative investment managers resign by November

Korea Investment Corporation (KIC) saw as many as 10 professionals of its alternative investment division resign from the South Korean sovereign wea...

Pension funds NPS rewards investment managers with hefty bonuses

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund with 930 trillion won ($781.8 billion) in total a...

Venture capital Vision Fund loss slashes Masayoshi Son’s 2020 salary by 52%

SoftBank Group founder and CEO Masayoshi Son’s salary more than halved last year, according to the group’s regulatory filing on May 28.T...