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Samsung renews CSR programs for elderly, multicultural families

Samsung Group affiliates introduced a new corporate social responsibility program offering support to children of multicultural families and older adults, holding the launching ceremony in Seoul on Wednesday. With Cheil Worldwide and S1 in the lead, nine Samsung affiliates are taking part in running the new CSR program. Samsung said the companies are collaborating with the government, non-governmental organizations a. ....

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[Bills in Focus] Protecting lessees in rental housing, tackling retailers' interference with suppliers' affairs

Proposed bill: Partial Amendment to the Monopoly Regulation and Fair Trade Act Proposed by Rep. Kim Hee-gon (People Power Party) ● To clarify the standard for defining a “business group,” this amendment specifies the scope of business and extent of liability of the term “the same person.” Additionally, in response to the criticism of the excessive criminal penalties imposed on businesses who . ....

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Young Koreans Wallow in Debt

Young Koreans Wallow in Debt
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KDB seeks to bolster capital as KEPCO's deficit grows

Korean Development Bank (KDB) is seeking to bolster its capital base in order to improve its financial stability, which has been faltering due primarily to the growing deficit of the Korea Electric Power Corp. (KEPCO) in which the bank holds a 32.9 percent stake. ....

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HDC chairman urged to appear at Assembly audit

HDC Group Chairman Chung Mong-gyu is at risk of being forced to appear at the National Assembly audit as a witness later this month, despite his attempts to avoid being questioned by lawmakers about his company s responsibilities in a series of fatal building collapses in the southwestern city of Gwangju. Earlier this year, a collapse at an HDC Hyundai Development Company apartment building construction site killed six workers. Another collapse of a building during demolition in a housing redevelopment district last year killed nine people, all of whom were passengers on a bus crushed by the collapsed building. ....

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