Mobile carriers are strengthening their severance packages to encourage early retirement amid efforts to renew their business portfolio and restructure stagnant workforce. Kicking off voluntary redundancy, KT Corp., the country's second-largest telecommunication company, recently raised the maximum severance pay for voluntary redundancy, from 330 million won ($238,000) to 430 million won. Earlier this month, the mobile carrier decided to establish two new affiliates, KT OSP and KT P&M,

Following the Seoul Central District Court's dismissal Tuesday of ousted Ador CEO Min Hee-jin's injunction request for her reinstatement as chief executive of the label home to girl group NewJeans, Hybe CEO Lee Jae-sang sent an email to employees the same day pledging to prioritize stabilizing operations at Ador. In the email, Lee described the court’s ruling as a "turning point" and expressed optimism in the clarity it brings to resolving issues that have emerged over

Korean developer commits to new game franchises to give joy to gamers

Samsung SDI unveiled details on its first electric vehicle battery production in the US in partnership with Stellantis and General Motors during its third-quarter earnings announcement Wednesday. “The joint venture with Stellantis, Starplus Energy, marks Samsung SDI’s first foray into battery cell manufacturing in the US,” said Son Michael, executive vice president of automotive & ESS business at Samsung SDI, during a conference call earlier in the day. “The initial p

South Koreans' most preferred length for an animated video is between 20 and 29 minutes, a report by a state-run content industry agency showed Wednesday. The Korea Creative Content Agency released the 2024 Animation Industry White Paper, in which they surveyed 3,500 Koreans between the age of 10 and 69 who watched an animated video regularly -- at least once in two to three months -- in the past year. When asked what was their most preferred length of an animation, 33.6 percent of the resp

This year's top prize at the 26th Bucheon International Animation Festival, one of Korea's largest animation film events, was clinched by Adam Elliot, the Oscar-winning Australian director behind "Memoir of a Snail." According to the festival's committee on Tuesday, the BIAF Grand Prize for the feature film category was awarded to Elliot for his 94-minute stop-motion animation film, which follows the story Grace. She is raised by her father Percy, who lives with parapleg