Hanwha Ocean Co. reported a fatal industrial accident at its Geoje shipyard, where a worker in his 50s was found dead during a break, prompting an official investigation.
#YonhapInfomax #HanwhaOcean #GeojeShipyard #IndustrialAccident #MinistryOfEmploymentAndLabor #Fatality #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=98995

Samsung Life Insurance has been named the top insurer in the Ministry of Employment and Labor's 2025 retirement pension provider evaluation, leading the sector with 51 trillion won ($38.5 billion) in reserves and top-tier returns for DC and IRP products.
#YonhapInfomax #SamsungLifeInsurance #RetirementPension #MinistryOfEmploymentAndLabor #AssetManagement #51TrillionWon #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94737

Kia Corp. reported a fatal industrial accident at its Autoland Hwaseong plant, prompting investigations by authorities and a pledge to implement preventive measures.
#YonhapInfomax #KiaCorp #AutolandHwaseong #IndustrialAccident #Fatality #MinistryOfEmploymentAndLabor #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94073

South Korea's land and labor ministries have launched a joint inspection of construction sites to eliminate illegal subcontracting, emphasizing safety and direct wage payments, with immediate corrective actions ordered for safety violations.
#YonhapInfomax #IllegalSubcontracting #MinistryOfLandInfrastructureAndTransport #MinistryOfEmploymentAndLabor #ConstructionSafety #HyosungHeavyIndustries #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=82377

South Korea unveils sweeping workplace safety reforms, including fines for repeated fatalities, expanded ministerial powers, and a $1.56 billion investment to boost small business safety.
#YonhapInfomax #WorkplaceSafety #MinistryOfEmploymentAndLabor #IndustrialAccident #PublicInstitution #CorporateFines #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=81752

#Kim Kyung-seon (Korean: 김경선; born 1969), also known as Kim Kyong-seon, is a #SouthKorean bureaucrat serving as #ViceMinisterOfGenderEqualityAndFamily from September 2020 to 2022. She was previously the first woman to lead the Planning and Coordination Office of the #MinistryOfEmploymentAndLabor. Since 1992 when she passed the state exam, Kim has dedicated her career in public service mostly at Ministry of Employment.

The Ministry of Employment and Labor is considering establishing a dedicated Retirement Pension Agency to manage South Korea’s growing fund-type retirement pensions, aiming to expand coverage for SMEs and address wage arrears, with assets already surpassing 1.3 trillion won ($940 million).
#YonhapInfomax #RetirementPension #MinistryOfEmploymentAndLabor #JungtaeFund #KCOMWEL #SMEs #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=71093

South Korea’s government is accelerating retirement pension reform, with plans to establish a dedicated Retirement Pension Corporation to manage over 430 trillion won ($312 billion) in assets, aiming to improve efficiency and returns as the system expands.
#YonhapInfomax #RetirementPension #RetirementPensionCorporation #MinistryOfEmploymentAndLabor #AssetManagement #AnnualizedReturns #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68620