Naver incentives controversy… Union “disclose payment criteria”[주요언론]
Naver’s labor union said that despite the company’s record-breaking performance last year, it paid incentives that did not meet expectations, and demanded that the payment standards be disclosed. According to the information and communication (IT) industry, the Naver Branch of the Federation of Trade Unions Chemical Fibers Food Union sent an e-mail to all executives and employees stating, “Disclose the standards for calculating performance pay transparently.” The e-mail contained the content that “Naver hit a non-face-to-face breeze last year and achieved the highest performance in history, but the incentives paid were less than that.” In particular, the union pointed out that the standards for paying incentives were completely private and insisted that these should be improved.
Park Chul-wan “Apply for provisional injunction to read the shareholders’ list”… Kumho Petrochemical’s’management rights dispute’ intensifies[한국경제]
Park Chul-wan, the managing director of Kumho Seok-hwa, who is in dispute with Kumho Petrochemical Group chairman Park Chan-gu, has filed a provisional injunction requesting access to the list of shareholders. It is interpreted as the intention to secure voting rights by identifying major shareholders ahead of next month’s general shareholders’ meeting. According to Kum Ho Seok-hwa, Park’s nephew, Park’s nephew, filed an application for provisional injunction with the Seoul Central District Court on the 8th to read the list of shareholders and make a copy. Through an application for provisional injunction, Managing Director Park said, “From the date on which the decision in the case was served, it must be allowed to view and copy the shareholders’ list as of the end of last year within business hours for 7 business days excluding holidays.” If this is not observed, they asked to pay 100 million won a day until completion of the implementation.
Google app fee revenues increase by up to 156.8 billion won[헤럴드경제]
It is analyzed that if Google implements a policy to increase app market fees, which is deferred until the end of the year, annual fee income generated from non-game apps can increase to a maximum of 1568 billion won. Many app providers are in the position to transfer the burden of the fee increase to the increase in consumer rates, but it is said that it can bring the effect of increasing the consumer burden. According to the’Fact Survey on Changes in the Google App Market Fee Policy’ submitted by the Ministry of Science and Technology Information and Communication by Park Sung-jung, a member of the National Assembly’s Science and Technology Information Broadcasting and Communication Committee, annual income of non-game apps increased by 885 when Google’s app market fee increased. It was estimated to increase from KRW 15.6 billion to KRW 156.8 billion.
Hong Nam-ki “New public housing site, candidate site announced by the second quarter”[연합뉴스]
On the 17th, Deputy Prime Minister Hong Nam-ki and Minister of Strategy and Finance said, “We plan to complete the announcement of candidate sites quickly from the first quarter to the second quarter, while thoroughly preparing details such as the demarcation of approximately 250,000 new public housing sites among the 2 and 4 measures.” Said. Deputy Prime Minister Hong held a meeting of ministers concerned with real estate market inspection at the government’s Seoul office on the same day and said, “The government plans to focus all its capabilities on accelerating the execution of the 2·4 supply measures in the future.”
Ssangyong Motor stops production on the 17th to 19th[주요언론]
Production will be stopped one day after Ssangyong Motor resumed operation of the plant. Ssangyong Motors announced that it will suspend the operation of its Pyeongtaek plant from the 17th to the 19th due to a disruption in procurement of production parts due to a supplier refusal to supply. The door was closed again in the end, as discussions with suppliers who refused to supply parts did not go smoothly.
Bitcoin price exceeded 50,000 dollars[주요언론]
Bitcoin price has exceeded 50,000 dollars (55 million won) for the first time ever. It has risen more than 70% this year alone. This price increase is assessed by the investment of Tesla, an American electric car manufacturer. Tesla, who bought $1.5 billion worth of bitcoin last week, also announced that it will be able to pay for its products with bitcoin in the future. Some point out that it is a bubble again, as there is a precedent that Bitcoin, which had soared in 2017, plunged more than 80% the following year.
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