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SMEs rush to seek globalization under diplomat-turned-minister's leadership

Business lobbies representing Korea’s small and medium-sized enterprises (SMEs) emphasized efforts to go global this year in an apparent attempt to keep pace with newly appointed SMEs and Startups Minister Oh Young-ju, who had only worked as a diplomat in her entire 36-year career, according to industry officials, Monday. ....

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Slowing Factory Output Signals Economic Slump

Slowing Factory Output Signals Economic Slump
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Business groups condemn labor union immunity bill

South Korea's major business lobby groups on Monday requested that President Yoon Suk Yeol exert his veto power against a pro-labor union revision bill unilaterally passed by the main opposition party last week. The so-called Yellow Envelope bill, a revision to the Labor Union and Labor Relations Act, aims to limit companies from filing damage suits and provisional seizures against workers on strike, as well as . ....

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