[News Space=Reporter seungwon lee] The symbol of Korean manufacturing: Hyundai and Kia Motors factories. The workers there are called “new production workers” with hundreds of millions of won in annual salaries, but behind the splendid facade, there are industrial accidents, occupational diseases, and the tears of subcontracted workers. Even more shocking is the tyranny of Hyundai and Kia Motors, which evades all responsibility with their powerful power and capital. Over the past five years, more than 2,061 people were injured, and 28 people lost their lives… “Passing responsibility to subcont
[News Space=Reporter seungwon lee] Another worker death accident has occurred at Hyundai Motor Company and Kia Motors plants. Following the accident at Kia's Gwangju plant on May 16 in which a worker in his 40s was caught in a machine transporting a finished vehicle and died, the two companies' plants have been experiencing a series of serious accidents in recent years, including entrapment, falls, and suffocation. Although it is a job that boasts an annual salary in the hundreds of millions, to the point that it is called a 'new production job,' it is pointed out that backward and repetitive
[News Space=Reporter seungwon lee] As Daewon Pharmaceutical lost the patent lawsuit for its representative domestic new drug 'Pelubi' in the first and second trials, as well as in the third trial at the Supreme Court, the lack of strategy and crisis management capabilities of the management were clearly revealed. As this ruling makes it virtually inevitable for the drug price of Peluvi to be lowered, a sales decrease of hundreds of billions of won is expected to become a reality. ◆ Another lawsuit after losing four times?… Key reason for losing four times in a row Daewon Pharmaceutical has los
[News Space=Reporter seungwon lee] ABC Mart Korea (CEO Lee Ki-ho, hereinafter referred to as ABC Mart), the No. 1 domestic shoe distributor, exceeded KRW 600 billion in sales in 2023 and continued its growth in 2024, but its operating profit and net profit decreased slightly. Major risks include the structure of profit outflows such as royalties and dividends to the Japanese headquarters, the burden of selling and administrative expenses, sluggish performance at some stores, and uncertainty in overseas new businesses. On the other hand, financial stability, including debt ratio and liquidity,