Korea s Best Employers
By Kim Hyun-bin
Click on the image to view the PDF fileThere are numerous factors to consider when looking for a workplace at which to devote one s time and energy, whether it be monetary, corporate culture, job security or the future growth potential of the company. However, amid the COVID-19 pandemic, another factor to consider is how much the employer cares for company employees, as uncertainties continue to rise.
To find out which companies have the most satisfied employees in Korea, the German market research firm Statista has worked with The Korea Times and its sister paper the Hankook Ilbo to release the Korea s Best Employers 2021 report.
Business law revision hurts firms fighting hostile funds
Posted : 2020-12-22 13:52
By Nam Hyun-woo
A revision to the country s Commercial Act is raising fears that it may end up preventing local firms from defending their management rights against hostile investors, according to industry officials and experts.
They cited a U.S. private investment fund s recent opposition to LG Group s plan to spin off some units as a case that may have become worse since the revision, and many Korean firms having activist funds as shareholders will face similar opposition to their decision-making procedures.
On Dec. 9, the National Assembly passed a number of revisions to the act, aimed at requiring companies to appoint more than one audit committee member from outside the board of directors, decided upon by shareholders. In this process, the respective voting rights of a company s owner and their affiliated persons and organizations ― the largest shareholders ― will be limited to 3 perce