Showing posts with label crisis. Show all posts
Showing posts with label crisis. Show all posts

Tuesday, February 28, 2017

Bakbyeongwon Employers Federation President "jobs crisis, seeking new labor-management relations."



[Korea's financial standing hyomun newspaper reporter] said, then asked bakbyeongwon Korea Employers Federation (KEF below) actively as possible to create jobs in this situation, the president does not expect "politics that help the economy, such as impeachment, political elections. Chairman Park is 28 days held at the "48th Annual General Meeting. '" Unfortunately, several bills for corporate investment and job creation were and are again only several years orbiting the National Assembly, to which category to new investment, create jobs jobs itgetda judges can be increased without Xu Zhi "and" she said KEF will be concerned at the Annual General Meeting together with job creation and what is the solution for overcoming the economic crisis, members of times you demand. "

He added, "KEF year decided the business goals, build 新 labor relations for the job overcoming creation and economic crisis" and "subject to create jobs and businesses, at the same time, the best social contribution to the company our economy is vital Taps find favor despite the best efforts difficult as that may be the cornerstone, "he said.

The following is the opening speech professional.

<Opening>

I say thank you while you're busy to yigigwon Distinguished guests including the Ministry of Employment and Labor Minister also freely precious time. Thank you especially to members, including the Presidency, who sent the last year continued support and encouragement to the association activities.

Members everyone!

Now we are in trouble never seen before experienced on. In the middle of a crisis caused by manufacturing and trade environment worsened visible signs of spreading global recession, youth employment and sluggish domestic demand is the low birth rate and aging phenomena are intensifying.

Moreover, there is continuing political and social turmoil of the difficulty in the management environment surrounding businesses are weighted.

Unfortunately, several bills for corporate investment and job creation, and they were again only several years in orbit Parliament. In which areas to invest, create new jobs, increase the number of jobs itgetda Xu Zhi is not a judgment. Perhaps I think God feels threatened at the site will have more.

I talked said 'If anything change does not change anything, "chief executive earlier this month yeonchanhoe. Because we have so far ohdeon business, everyone is facing oversupply, insufficient demand was that gave the word that should be able to do what they could not do until now.

So far, we've also asking him to create a good environment for companies towards the government and political parties was not asking us to do what is preventing so far.

However, impeachment, elections, etc. For the time being it seems difficult to expect a "political economy to help" because of the complex political agenda. So get gyeongyounggye labor cooperation in the self-help efforts, you'll need to do all that you can also even possible under current legislation.

KEF members want to worry with you what the solution for overcoming the economic crisis and job creation as required by the times in today's General Meeting. For this year, the project aims to establish KEF 'building 新 labor relations for job creation and overcoming the economic crisis and to suggest some practical direction as shown below.

First, we leave the labor market environment for job creation is a top priority of our economic joseonghae. I encourage you to give members more actively take the lead to do this.

As well as giving unto you this favor in the current difficult economic and political situation, well aware that no one truly peg. However, creating jobs is subject no choice but to ask you though our best efforts difficult as that may be to regain a cornerstone of our economic vitality at the same time contribute to society's best companies, and enterprises.

In order to maintain jobs and reduce the company's first extended work, such as reduced working hours for young people to have even more need to take advantage of the resources employed. In addition, please feel free to practice maternity leave, parental leave, annual leave, to enable the use of female employment expansion and job sharing. The KEF will support us to the best for the expected difficulties in the process.

Second, the management culture of coexistence will need to be spread by fostering compliance awareness of the industry. Now in our industry it is showing signs of strength teumtaseo the political struggle converter apseun labor movement. Especially conscious of the labor table held some political parties are pro-labor moves

If the labor movement also seems to encourage. You're heading straight is prolonged, collective wage negotiations between labor and management, workplace issues such as conflicts of restructuring is concerned that not much excitement compared to previous years.

KEF, it will through strict and immediate deal to keep going to spread the culture itself gyeongyounggye law for mounting of industrial peace Meanwhile, the labor of illegal activities in order to establish the compliance of the labor relations field.

Third, in response to changing industry ecosystem, we will create a foundation that can be reorganized industrial relations laws and systems. Early industrialization, the current Labour Code Zero manufacturing and production in mind and is not designed to keep up with the demands of ever-changing business environment and the labor market.

Moreover, the current of our labor agents geotyieoseo made in the days when I think that the length cares for the workers who once strongly protect the interests of the employment of people, entry of young people still have even employed a situation that should not have any help, the workers' personal freedom that the choice is most advantageous to you has become fundamentally impossible.

Therefore, the fourth industrial revolution of the industry response to ecosystem changes to working conditions that are determined to represent individualized, such as wages, working time legislation Tuesday resilient employment-friendly and laying the groundwork for parties themselves make a future-oriented labor laws and institutions.

Finally, through the high-wage, low-productivity structure improvements, we will strengthen the competitiveness of both labor and management. As the last decades of wage continued wage increases in excess of productivity growth and low productivity structure solidify the competitiveness of major sectors of our economy it is being held up on significant threat.

Therefore, we wage that threaten the fundamentals of the economy and jobs that are more preferential than the value creation structures in order to improve the productivity, higher wages, and I will make to get out from the national consensus of contemporary challenges both labor and management should be pursued.

Only youth job creation will enable a virtuous cycle of low fertility, aging and resolve enable the operation of the domestic economy and central to creating jobs and boosting domestic. Along with ongoing and should get out of businesses by promoting a more active restructuring and performance-based wage system job to lead the process and increase the sustainability of employment created an efficient labor market.

Members everyone!

If you postpone difficult, it will not change. KEF is to concentrate all skills to present a realistic plan for overcoming the economic crisis this year through new jobs, increase labor-management relationship building industry.

Today plenary session this year to discuss business plans and budgets are much reflects this approach. The old Indian proverb, the word 'go alone, but you can go faster, go go away together. "

The company went ahead first step in the industry giulyija practical efforts to thank you attempt to join the new KEF. I wish all those who participated in the development and geonseung today.

Thank you.



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Monday, February 27, 2017

[Imjongryong finance chairman took office two years - a crisis in leadership listening dotboyeo



[South Korea's Choice Financial newspaper reporter: "New times for 12 ships still remain."

Imjongryong Finance Chairman emphasized the battle of myeongnyang led to the victory of Admiral Yi Sun Dec paraelectric (尙 有 十二) this year sinnyeonsa teachings are known as keywords does not back down from the leadership crisis.

Quatrains as authentic official starting circuit 24 take the IMF financial crisis financial reform, corporate restructuring domatgo principal bank mergers, so, look after the civilian In just won a desired experience and in mergers and acquisitions (M & A) leadership to break through. Leadership to find a way out to the mediation and communication in a crisis situation has led after taking office in March 2015 Finance Chairman.

Imjongryong chairman has been operating since the inaugural breakfast on Fridays, Fridays once 'listening to the comments by the invited experts and practitioners who are responsible for the actual work on the major issues in the field. Beginning with the inaugural theme household debt in the first month, all bar two wolen has sought a change of car insurance with Autonomous car development personnel from various fields. Also many things to solve imjongryong Chairman browse the site directly unearthing financial reforms and listen to the difficulties field.

However, the situation is about the ongoing conflict settlement plug in performance-critical tasks to financial reform. Following the public finance "and passed the annual salary system, introduced without agreement with the Council Decision," because I said to the major commercial banks financing the opposition from trade unions century. Imjongryong chairman and "If banks are to based on productivity or seniority, saw attention now operate a pay system no future," said the mandatory performance-based.

Imjongryong Chairman stressed that 420 years ago the jeongyunyeon Admiral Yi represents the backbone of the extraordinary resolution this year. Imjongryong chairman said, "this year, the Financial Services Commission is that you should work with a solid backbone and commitment must be prepared to fulfill their vocation under any circumstances" in sinnyeonsa.



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[16 duty-free industry in crisis - Lotte, Shilla fly, makers classic novel "Polarization"



[Korea gimeunji financial newspaper reporter] As we enter the duty free industry is returning polarization is patented and is growing, some companies are likely to face a worst case closed. In contrast to some extent the market is looking for some duty-free duty-free seating it is suffering far to give up management rights dispute.

Fairy tales are on extended duty-free shops would have to pay back the amount reimbursed to the Hotel Shilla in recent years has been trying to advance the interests rather than money reigns. Duty Free celebrated fairy tale situation earlier this year, Louis Vuitton and Gucci subsequently withdrew with many years of deteriorating performance. Here they are suffering from financial difficulties such as shortened even hours.

Fairytale Duty Free sales showed a 81.7 billion won in the fourth quarter of last year. In the second quarter ahead, but sales of 96 billion won New World Duty Free, Duty Free, etc. Duta sales in the third quarter (869 million) a year full statement drew a downward curve.

Only the first half of 2015 was even more than doubled the duty-free shop where geuchyeotdeon 6, a major Chinese tourists Duty Free customers also significantly reduced due to China's economic situation, according to Saad retaliation placement issues. In July last year, the number of Chinese visitors reached 10 000 to 93 people in December 5000 can be interpreted as an effect on the viscosity earnings plunged 42 percent to 540 000 8000 people.

Hanwha Galleria is also a situation such as entering the emergency management system is nokrokchi. Hanwha Galleria Time World Duty Free Galleria, which operates 63 recorded an operating loss of 43.8 billion won last year, only duty-free sector. Last month, Hanwha Galleria executive power had returned voluntarily and 10% two months starting salary director and chajanggeup to join the voluntary return of 100% bonus. The formula reducing the existing bonus was 800% to 700%.

Where facing the bad news is not just a fairy tale Duty Free and Duty Free Galleria 63. Last year, they did not leave the swamp of New Duty Free deficit. Until last year, 1-3 quarter HDC Shilla Duty Free is 16.7 billion won, 37.2 billion won, Shinsegae Dieppe, SM Duty showed an operating loss of 20.8 billion won deficit of Duty Duta also revealed that up to tens of billions of won.

New enterprises in the bottom of the Duty Free Duty Free Duta change the closing time was last May 12 during the initial 2 seconds dawn to midnight and midnight folded shopping service. Duta Duty Free, but explained that unity and some shops open until 2 am was the time of the store was open until 11 pm, the industry has reported that since the middle of the night operating profitability abandoned. Also it happens to occur yicheonwoo Doosan vice president who oversees tax-exempt business due to sluggish business leaving the company.

Thus only the Shilla and Lotte amid market conditions continue to deteriorate this time will be the winner of the New World Duty Free is an expression that threatened the two rivers composition is gaining strength to continue. Restructuring of the industry, it is currently still believed in the inevitable only a matter of time.

Last year, the domestic duty-free sales played a new duty-free the rest of the competition seems merely a 33.5% increase over the previous year have exceeded 12 trillion won for the first time, but a significant increase in sales of Lotte and Shilla were having a pie in one of the remaining four minutes. Last year, the domestic duty-free sales took the No. 1 industry, Lotte Duty Free is 48.7%, 27.7%, is the second largest Hotel Shilla. 5 trillion won last year, Lotte Duty Free, Hotel Shilla has won a record 3 trillion sales representative.

Hotel Silla was recorded in January sikyeotgo successful turnaround of a new monthly HDC Shilla Duty Free Shop Duty Free Shop, New World Duty Free is also the same month monthly surplus distribution utilizing the long experience of its parent company. HDC Shilla Duty Free has succeeded in January sales of 53.2 billion won, operating profit turnaround olrimyeo 125 million won. It is also expected to lead to strong performance by the neighbor is going to be the big three of the Louis Vuitton luxury goods duty free in the first half of this year.

New World Duty Free also entered a growth in sales seen in January, including 75 billion won, operating profit of 1.2 billion won, including the Internet duty-free performance. New World Duty Free has two months Burberry and Tods, Celine and Chloe coming months, such as luxury brand stores are scheduled to open its doors and after another and continues to attract the first half is also in consultation with Louis Vuitton.

On the other hand, Lotte and Shilla Duty Free except for the new world of the future is darkness. Because it is unprecedented that the closure of duty-free real-1990s after another.

Korea duty-free permit system is started for the first time introduced the first application in 1986. After 88 Olympic and Asian Games to attract foreign tourists ilmyeo boom in 1989 the number increased to 29 in downtown duty-free shops across the country. But in the 1990s the situation was right to close down en masse. Deda large compared to the number of duty-free market, Japanese tourists were up to major customers of Duty reduced to blame the collapse of Japan's economic bubble, and a direct hit would hit.

Since the 1990's, including the Shilla Duty Free Shop Busan, Paradise Duty Free Shop in Seoul in 1996 where 10 datatgo the door closed. Following the 1997 financial crisis dakchimyeon up downtown duty-free shops was reduced to 11.

The current situation also hyeongguk not differ significantly from the 1990s that were reshaping the market. Only the first half of 2015 increased the duty-free shop where geuchyeotdeon 6 to 13 this year, Chinese tourists also decreased significantly due to China's economic reprisals according to Saad placement issues. In addition, starting this year will increase up to 20 times at 0.05% of the patent fees paid to government revenue was 0.1 to 1%. As a result, the polarization is also expected to intensify.

Meanwhile, Hanjin years had been returned to duty-free patent in 2003, 2010 AK (Ae) also becomes larger and the deficit has returned to the bar business rights.

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