Samsung Electronics becomes stepping stone for startups
Posted : 2020-12-30 17:04
Updated : 2020-12-30 17:20
Waddle CEO Park Ji-hyuk, left, poses with his employees at their office space located at Samsung Electronics startup incubator residency program in Seoul, in this photo provided by Samsung, Dec. 30. / Courtesy of Samsung Electronics
By Baek Byung-yeul
Samsung Electronics has been working to foster local startups through its incubation program C-Lab as part of its corporate social responsibility (CSR) activities to enhance the country s industrial competitiveness.
Logo for Samsung ElectronicsThe C-Lab program has offered business opportunities for Samsung Electronics employees with creative ideas to kick off in-house startups. Since 2012, around 1,200 executives and employees have participated in the C-Lab program and over 160 workers have set up 45 startups through it.
Posted : 2020-12-24 09:10
Updated : 2020-12-31 11:02
Samsung family members are seen in this photo taken at CES 2010 held in Las Vegas. / Courtesy of Samsung Electronics
By Kim Bo-eun
Attention is focusing on how the family members of the late Samsung Electronics Chairman Lee Kun-hee will pay inheritance taxes on stocks they will receive, after the amount was finalized at 11.04 trillion won, Tuesday. This is 12 times the amount of inheritance tax to be paid by family members of the late LG Group Chairman Koo Bon-moo.
The inheritance tax on the stocks is calculated based on the average price of the stocks over a period of four months ― two months prior to death and two months after. About a 60 percent tax rate is imposed on the calculated figure of 18.97 trillion won.
South Korea drums up measures to revive consumption, create jobs next year amid pandemic
Posted : 2020-12-17 14:51
Updated : 2020-12-17 15:48
First Vice Minister of Economy and Finance Kim Yong-beom speaks during a press conference about South Korea s economic policy plan for 2021 at Government Complex Sejong on Dec. 14. Yonhap
South Korea s 2021 economic policy plan underscores its commitment to boosting domestic demand and propping up the sluggish job market as the country sets its sights on overcoming economic slumps caused by the new coronavirus outbreak.
The finance ministry unveiled two-pronged approaches in managing the 2021 economic policy plan, under which the country will seek to support fast and strong economic recovery and transform the country into a pacesetting economic power in the post-COVID-19 era.
Samsung Electronics is taking an ambitious step to take the lead in the premium TV market, unveiling a new 110-inch TV that uses self-emitting MicroLED technology, the company said Thursday.