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Articles by Seo Dae-hyun
Maeil Business Newspaper Korea's No. 1 Economic Media
"We have no choice but to reduce the number of employees as much as the increasing labor costs." Heo (28), who runs a convenience store in Dong-gu, Daejeon, on the 15th, sighed after hearing the news of the minimum wage increase. Starting this year, Heo spends half of his part-time work a day and works alone the other 12 hours to reduce labor costs.
Maeil Business Newspaper Korea's No. 1 Economic Media
With the conclusion of the June 3 local elections, the clock of the launch of the 9th popular election is fast circulating. As the five metropolitan cities in the Yeongnam region have also begun to form a transition committee, interest in key projects and policies to grasp the direction of the ninth popular election is also growing.
Hyundai Motor union opposes ‘dark factory’ plan using AI robots
The labor union at Hyundai Motor has voiced strong opposition to the potential introduction of fully automated “dark factories,” warning that AI-driven robot production without job safeguards could trigger widespread employment shocks. In a newsletter released Thursday, the union said the deployment of robots to pursue growth without alternatives for workers would “hit all Korean labor,” arguing that production could be shifted overseas to robot-ready plants, hollowing out domestic factories.
HD Korea Shipbuilding thrives amid shipbuilding boom
An LNG ship under construction at the HD Hyundai Heavy Industries dock on the 26th. The 9 docks at the Ulsan shipyard are currently filled with ships under construction. (HD Hyundai Heavy Industries) South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering Co has seen a significant boost in demand amid industry growth.
Seoul and major cities set to raise public transportation fares - Pulse by Maeil Business News Korea
South Korea’s local governments, including the Seoul Metropolitan Government, plan to raise subway and public bus fares as early as in January, raising concerns that this would fuel inflation, which is projected to surpass 5 percent early next year. Seoul announced on Thursday that it would raise subway and public bus fares by 300 won ($0.24) late April or early May to 1,550 won and 1,500 won, respectively.
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