Korea

Samsung To Pay Large New Year Bonuses To Subcontractors

by Jonathan Custer

The Korean Herald reports, Samsung Electronics plans to give its chipmaking subcontractors the biggest bonus since 2010 — for their performance last year. The semiconductor division pays a total of 41.74 billion won ($35.8 million) to around 20,000 employees of primary and secondary contractors. “Despite the difficult market conditions last year, the company is sharing …

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Korea’s Exports Grow 5.3 pct In First Week Of Year, Led By Semis

by Jonathan Custer

South Korean exports, a main leading indicator of global manufacturing conditions,  especially the electronics sector, showed marked improvement in the first ten days of January. South Korea’s Customs Service reported on Monday that exports rose 5.3 percent in the first 10 days of January, mainly the result of growing shipments of semiconductors. Exports of semiconductors …

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