Tag: incentives

incentives

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Employees at KG Mobility’s Pyeongtaek plant work on underbody components for the the company's Torres EVX model in this photo provided on April 24, 2024. [KG MOBILITY]

AI bonus frenzy raises image of blue-collar jobs as more workers seek to join 'kingsanjik'

University degrees and white-collar careers have long been regarded as clear markers of success in Korea. But amid the semiconductor boom and its hefty bonuses, some are abandoning university to enroll in vocational colleges.

2026.5.25

Union members chant slogans during a rally organized by Samsung Electronics’ joint labor strike in front of the company’s Pyeongtaek campus in Gyeonggi on April 23, calling for greater transparency in the bonus system and the removal of payout caps. [YONHAP]

Who gets the windfall? Unions push for a larger share of extraordinary profits.

What began as a dispute over semiconductor bonuses is metastasizing into something far larger — to a full-scale reckoning over how corporate Korea distributes wealth.

2026.5.9

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An illustration of a rise of a new class of high-income workers at chip sector. [GETTY IMAGES BANK]

AI chip boom spurs new 'aristocracy,' rippling from housing to college admissions

A semiconductor supercycle is doing more than boosting Korea’s chip giants. It’s giving rise to what some describe as a new “aristocracy,” as bonuses for Samsung Electronics and SK hynix employees are set to affect housing and college admissions.

2026.5.4

[Column] Preemptive — and aggressive — action matters

Without aggressive preemptive actions, Korea could not have survived the global financial crisis 25 years ago.

2023.1.12

Last year’s Seoul MICE Alliance meeting, a public-private coalition to enhance Seoul’s MICE industry [YONHAP]

Global Traveler cites Seoul as best MICE city in the world

Voters chose Seoul as the Best MICE City of 2022 for the eighth year in a row in Global Traveler, a U.S. magazine for business travelers.

2022.12.8

Prime Minister Han Duck-soo presides over a meeting at the Central Disaster and Safety Countermeasure Headquarters on Wednesday. [YONHAP]

Incentives for people who get Covid booster shots

With Covid-19 cases on the rise, Korea is offering incentives for people to get booster vaccine shots.

2022.11.16

Vaccinated elderly people, sporting maskless faces, show their ID cards with inoculation stickers in Seoul on Monday, as the country began to issue the stickers to vaccinated people for mask-free activities. The vaccination certification is also available in a paper document or digitally on the COOV app. [YONHAP]

Vaccine incentives and exceptions cause confusion

Vaccine incentives offered by the government exempting fully-inoculated people from the limit on gatherings are causing confusion among some restaurants and customers in Seoul, where the relaxing of social distancing rules has been postponed.

2021.7.1

An employee puts up a notice on the wall of a restaurant in Myeong-dong, central Seoul, on Monday, to inform customers of eased social distancing guidelines that will allow private gatherings of up to six people from July in the greater Seoul area. [YONHAP]

Vaccinated people will reap their benefits starting July

Some vaccine incentives, including exemption from mask mandates and participating in larger private gatherings, will begin in July along with the new social distancing guidelines.

2021.6.21

The government announced Wednesday that people who have had their first vaccine shot will be allowed to take off their masks outdoors starting in July. In addition, it announced the lifting of restrictions on gatherings for vaccinated people. In the photo, people are walking in Myeongdong in central Seoul with their masks on Wednesday. [NEWS1]

Get a jab, get more freedoms, says the government

To encourage people to get vaccinated, the government is dangling incentives — like allowing bigger family gatherings in June, or the ability to walk outside without a mask in July.

2021.5.26