Samsung, Hyundai Motor, SK, STX reap fruits from multi-layered business structureAmid robust industrialization a few decades ago, Korea’s major companies were striving to adopt a multi-layer business practice called vertical integration. They are now transforming into global industry leaders, bearing the fruit of these efforts. The unique concept of management dates back to the 19th century when A

Industry June 22, 2011

Diageo Korea, the local unit of the global drinks group, announced Wednesday that Mickey Lee of W Hotel’s Woobar has won the regional final of its international bartending competition.Lee reserved a ticket as a Korean representative to the annual World Class 2011 contest scheduled for July 11-14 in New Delhi, India, the host said. “Having tried out for the contest three years in a row, I’m unbelie

Industry June 22, 2011

Korea should implement measures against social inequality to steer sustainable growth in the post-crisis era, the Organization for Economic Cooperation and Development said Tuesday.Though the country strongly rebounded from a global economic crisis, it still faces challenges such as unemployment, income and gender inequality, low birthrate and a lack of social protection, the organization wrote in

June 21, 2011

Korea can provide a role model for sustainable growth to other emerging economies, a senior World Bank official said in Seoul on Monday.Inger Andersen, vice president of World Bank’s sustainable development unit, is seeing ample potential in Korea’s human resources and technological prowess. “Korea has a lot to offer,” she said in an interview on the sidelines of the Global Green Growth Summit in

Industry June 20, 2011

Participants share promoting green growth as a fresh driver for future economyPoliticians, scholars and industry leaders Monday touted a global shift toward green growth and called for enhanced cooperation to tackle the environmental challenges facing mankind.About 90 academics, businessmen and officials from 25 national governments and international institutions shared views at the first Global G

Industry June 20, 2011

Yuhan-Kimberly, Korea’s leading hygiene products maker, has been selected as one of the most favored workplaces in the local manufacturing industry for a third straight year, a survey showed.According to the Korean Management Association Consulting, which surveyed more than 5,200 industry workers and human resources specialists, Yuhan-Kimberly came in third on the list of the best 30 manufacturers

Industry June 16, 2011

Korea’s growing economic muscle and brisk exports will turn the country into a leading global exhibition destination, said Choe Dae-kyu, vice chairman of the Association of Korea Exhibition Industry. Registered under the Ministry of Knowledge Economy, the organization promotes trade fairs held here and supports related policies. Its 44 members are largely exhibition hall operators, event organizer

Industry June 15, 2011

Korea plans to develop unmanned boats for maritime research and surveillance by investing 20 billion won ($18.5 million) over the next five years, the government said Tuesday.The automated boats will sail at a speed of up to 90 kilometers per hour within a 16 kilometers radius and avoid collisions with other vessels or obstacles, the Ministry of Land, Transport and Maritime Affairs said in a state

Industry June 14, 2011

Mobile devices, flextime, telecommuting boost workplace efficiency, flexibility“Work smarter, not harder.” This catchphrase has finally caught on in Korean companies as they pursue better ways of working to fit this all-connected world.An increasing number of businesses are embracing the “smart work” policy including flextime, telecommuting, remote work, virtual meetings and freer office environme

Industry June 10, 2011

Asiana Airlines, the country’s second-largest air carrier, unveiled its new slogan for customer services and uniforms for airport staff in a bid to lure more customers during the peak summer season. The slogan, “Always with You,” implies four keywords ― novelty, sincerity, kindness and quality ― which all its employees will pursue to make a company that is “always with customers,” Asiana said in a

Industry June 9, 2011