Shinhan partners with China's BoCom on QR payment service

Shinhan Financial Group announced Thursday it has signed a memorandum of understanding with China's Bank of Communications to enable its SOL Travel Card users to make payments using QR codes in China. The Bank of Communications, one of China’s five state-owned commercial banks, ranked ninth in The Banker’s 2023 Top 1000 World Banks. Its Seoul branch serves as the only designated renminbi clearing bank in Korea, managing settlements in yuan on behalf of other institutions. As par

Oct. 17, 2024

Posco Group Chairman joins WSA executive committee

South Korean steel giant Posco Group announced Wednesday that Chairman Chang In-hwa has joined the executive committee of the World Steel Association. The World Steel Association, consisting of 155 members ranging from global steelmakers to research institutes, aims to enhance profitability in the steel industry. Over the next three years, Chang will work on key issues such as low-carbon technology, the environment and safety. At the WSA executive committee meeting Sunday, leaders of the global

Oct. 16, 2024

Manpower Korea sees robust growth in RPO service sales

Manpower Korea, the Korean unit of global human resources service company ManpowerGroup, said Tuesday that its recruitment process outsourcing, or RPO, service has seen robust growth since its debut 10 years ago. When the RPO service was first introduced in Korea in the early 2000s, they mainly served multinational companies entering the Korean market. But the service has secured a bigger footing here in recent years as both domestic and global companies struggle to respond effectively to drasti

Oct. 15, 2024

맨파워코리아 RPO 서비스 10주년

인력 파견 전문기업 맨파워코리아는 15일 자사의 채용 프로세스 아웃소싱(RPO) 서비스가 10주년을 맞이했다고 밝혔다. RPO 서비스는 전문 기관이 기업의 채용 과정 전체를 도맡아 효율적으로 관리하는 서비스이다. 맨파워코리아의 RPO 서비스는 채용 과정을 하나의 프로젝트처럼 운영한다. 10년 이상의 경력을 가진 전문가들이 고객의 요구에 맞게 팀을 구성하고 정해진 시간과 비용 안에서 프로젝트를 진행한다. 이를 통해 기업의 인사 담당자가 핵심 업무에 집중할 수 있게 돕는 등 기업의 전체의 전략적 목표 달성에 기여하고 있다는 설명이다. 맨파워코리아는 2014년 글로벌 반도체 기업 L사와 대규모 프로젝트를 진행한 이후, RPO 서비스 부문 매출에서 1,200%의 성장을 기록했다. 최근에는 미국의 3대 반도체 기업에서 일할 90명의 엔지니어를 채용하는 프로젝트를 진행 중이며, 3개월 만에 목표의 절반 이상을 달성했다. RPO 프로젝트를 이끄는 해리슨 김 수석은 “반도체 업계에서 리

Oct. 15, 2024

SPC Group appoints ex-Shinsegae exec as new CEO

South Korean bakery giant SPC Group announced Monday that it has nominated Executive Managing Director Lim Byung-sun as its new CEO. Lim, a business management specialist, has previously served as an executive at Shinsegae Group and its affiliates, including Shinsegae Casa and its department stores. SPC is set to appoint Lim as CEO by the end of this week. Lim will manage the group's business sectors including human resources, legal, corporate relations, compliance and public relations. Lim

Oct. 14, 2024

LX Pantos expands logistics foothold in Central Asia

Korean logistics company LX Pantos announced Thursday that its CEO Lee Yong-ho met with Marat Karabaev, Kazakhstan’s minister of industry and infrastructure development, in Astana last month, to strengthen logistics networks across Central Asia. According to the company, the consultation centered on enhancing cooperation on cargo transport along the Trans-Caspian International Transport Route. The TITR links Europe and Central Asia via the Caspian Sea, bypassing Russian territorial waters.

Oct. 10, 2024

Yanolja enhances global travel data value chain

Korean travel platform operator Yanolja said Tuesday that it is ramping up global efforts to enhance its artificial intelligence-based travel solutions by securing extensive travel data. Its data solutions affiliate Yanolja Cloud Solution has recently relocated its headquarters to an information technology hub in Surat, India, to recruit local tech talent and advance its travel solutions. The decision comes as the Indian unit plays a key role in collecting travel data from numerous transactions

Oct. 8, 2024

Samsung Biologics to lure global clients at CPHI 2024

South Korea's leading contract development and manufacturing organization Samsung Biologics said Monday it will participate in Europe’s largest bio conference, the Convention on Pharmaceutical Ingredients Worldwide 2024. The CPHI, one of the biggest bio conferences, is held annually in major European markets. This year, it takes place in Milan from Tuesday to Thursday, with over 2,400 companies from 166 countries and 62,000 attendees expected to join. Samsung has been setting up its e

Oct. 7, 2024

McDonald’s Korea recognized for enhancing job security for seniors

McDonald's Korea said Sunday that it has received a commendation from the Ministry of Health and Welfare for its ongoing efforts to improve job security for senior citizens. The award ceremony was held Wednesday in Seoul to mark the 28th National Day of Older Persons here. The hamburger chain has established “inclusivity” as one of its core corporate values, aiming to promote diversity and equal opportunities. Since 2011, in particular, the company has developed jobs specificall

Oct. 6, 2024

Seri Pak & Annika Invitational Asia to be held at Serenity resort

Serenity Golf and Resort said Monday that it will serve as a venue for the second annual junior golf tournament, Seri Pak & Annika Invitational Asia, in Cheongju, North Chungcheong Province, from Oct.1 to 3. Aiming to nurture young talent, the event is jointly organized by the Seri Pak Hope Foundation and the Annika Foundation with support from the Royal and Ancient and the Korea Golf Association. The 78 participants, aged 13 to 18, include top Asian players from the World Amateur Golf Ranki

Sept. 30, 2024