Seoul, June 29 (IANS) Unionised workers of Kakao, South Korea’s messenger app operator, took a day off en masse on Monday in a sign of protest amid a continued gridlock in wage negotiations.In their second collective action, unionised members staged what they called a “Log-out Day” by taking simultaneous annual leave, reports Yonhap news agency.Some 2,100 workers from five units of Kakao, including its headquarters, Kakao Pay and Kakao Enterprise, have participated, according to the labor union….
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Seoul, May 28 (IANS) The head of South Korea’s platform giant Kakao apologised on Thursday for failing to ease concerns over ongoing wage talks.Chung Shin-a, CEO of the operator of the popular messenger service, made the remarks, a day after the labour union and the management failed to reach an agreement in their second round of mediation on wage negotiations.”I sincerely apologise for the failure to swiftly resolve various concerns and uncertainties,” Chung said in an internal notice earlier i…
Seoul, May 27 (IANS) A labour union at Kakao, the operator of South Korea’s popular messenger service, and the company’s management began a second round of mediation with the Gyeonggi Regional Labor Relations Commission on Wednesday, industry sources said.The mediation procedures came after the two sides failed to narrow differences in the first round of wage talks held May 18, according to sources, reports Yonhap news agency.If the regional labour office decides to suspend the mediation, unioni…
New Delhi, May 20 (IANS) US-based Alphabet Inc.-backed technology firm Google CEO Sundar Pichai has said that more than 8.5 million developers are now building apps and experiences every month using its artificial intelligence (AI) models.On the AI infrastructure investment front, Pichai said Google expects its capital expenditure to reach nearly $190 billion this year, largely directed toward AI data centres, custom silicon and model training.Pichai further said the company is witnessing rapid …
Seoul, April 9 (IANS) South Korean stocks lost ground late on Thursday morning as Washington and Tehran remained divided over the terms of a two-week ceasefire, including whether it includes ending Israel’s offensive against Lebanon.The benchmark Korea Composite Stock Price Index (KOSPI) fell 57.93 points, or 0.99 percent, to 5,814 as of 11:20 am (local time), reports Yonhap news agency.The United States and Iran reached a two-week ceasefire agreement on Tuesday (U.S. time), including the reopen…
Seoul, March 13 (IANS) South Korean stocks trimmed losses late on Friday morning but continued to trade in negative territory as global crude prices fluctuated after the new Iranian leader vowed to keep the blockade of the Strait of Hormuz.The benchmark Korea Composite Stock Price Index (KOSPI) fell 76.62 points, or 1.37 percent, to 5,506.63 as of 11:20 a.m.Global crude prices have swung back to the $100 level after extreme volatility, with disruptions at the key waterway in the Middle East show…
Seoul, Jan 13 (IANS) The South Korean currency fell further on Tuesday, hovering below the level of 1,470 won per US dollar shortly after recovering from a near 16-year low.The won opened at 1,468.5 per dollar, down 0.1 won from the previous session, and dipped further to 1,472.45 won as of 9:30 am, reports Yonhap news agency.The local currency had slid to a 16-year low of around 1,480 won in mid-December and rebounded above the 1,450 won mark on Dec. 24 for the first time in about two months fo…