Seoul, May 11 (IANS) The largest labour union at Samsung Electronics on Monday reiterated its demand that the company allocate 15 per cent of operating profit to employee performance-based bonuses and remove the payout cap, warning that mediation efforts could collapse if no progress is made.Choi Seung-ho, head of the union, reaffirmed the labor group’s position ahead of follow-up mediation talks aimed at averting the union’s planned 18-day strike beginning May 21, reports Yonhap news agency.”We…
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Seoul, Jan 31 (IANS) The funeral ceremony for former South Korean Prime Minister Lee Hae-chan was held on Saturday with the attendance of top dignitaries, including President Lee Jae Myung.The late Lee died Sunday aged 73 while on a business trip to Vietnam after suffering cardiac arrest. His body was flown home Tuesday, beginning a five-day funeral period that saw large numbers of mourners paying tribute at his memorial altar at Seoul National University Hospital in the capital.The funeral cere…