Korea Joongang Daily
Korea JoongAng Daily

Banks position around Samsung, SK hynix 'silicon collar' performance payouts

Samsung Electronics and SK hynix performance bonuses could reach a combined 60 trillion won ($39.7 billion) this year, a large enough sum to reshape housing markets, monetary policy and the whole labor market across Korea.

2026-06-02

Samsung, labor still can't agree on bonuses as internal rifts emerge within union

Samsung Electronics' management and labor remain deadlocked Tuesday as their final round of post-mediation talks got underway.

2026-05-19

SK hynix set a new bonus standard. It could jeopardize competitiveness across sectors.

SK hynix's decision last year to carve out a slice of operating profit for its workers is becoming a template across Korean industries, with unions of other major companies demanding bonuses paid out from 10 percent of profit or more.

2026-05-13

Declined cards, reservation hassles: Digital barriers still undermine the Korea travel experience

Foreign tourists in Korea face challenges with payment systems requiring local cards or accounts, despite a surge in visitor numbers, prompting calls for improved digital infrastructure to enhance travel experiences.

2026-05-12

Korea’s art market grows, but working conditions for entry-level workers do not

Entry-level positions in art galleries offer low wages despite an increased demand for art. Interns face poor working conditions, while personal connections influence hiring, revealing systematic issues within the industry impacting new entrants.

2026-04-27

Is it time to trash Korea's pay-as-you-throw waste system?

Garbage bag shortages due to naphtha supply disruptions triggered by the Middle East conflict are raising questions about whether it is time to scrap Korea’s long-established, cumbersome volume-based garbage bag system.

2026-04-22

Korea's finance industry plagued by persistent gender pay gap

A recent report reveals a significant gender pay gap in Korea's financial industry, with insurance companies showing the largest discrepancies. The average gap is around 30.5 million won among major banks.

2026-04-22

Daily value of online payments grows 9.2% to reach all-time high in 2025

The value of electronic payments in Korea reached an all-time high in 2025, driven by steady growth in online transactions, central bank data showed Friday.

2026-03-20

Apple Pay Tmoney allows foreigners, tourists to ride using iPhones

Foreigners and tourists can now use Apple Pay Tmoney to ride subway and buses in Korea using Apple iPhones.

2026-03-19

Naver CEO takes home $2M in compensation for 2025

Naver CEO Choi Soo-yeon received total compensation of 3.03 billion won ($2.3 million) last year, according to the company’s annual business report released on Friday.

2026-03-14