Executives from Samsung C&T, Samsung Heavy Industries and Samsung E&A have already moved to a six-day work week.
“I’m not sure if it is the decision made by Lee Jae-yong or the executives, but I think it was a bad move.” In 2023, the tech giant posted a deficit of 15 trillion won in the device solutions division alone, which is in charge of the company’s semiconductor business, due to worsening business conditions.
The recent general election result also became a hurdle for Samsung as it is believed that Bills that had been expected to provide tax benefits or deregulation for companies have lost their momentum, sources added. The effectiveness of Samsung’s six-day work week for executives to save the country’s No. 1 conglomerate from the crisis is questionable, according to Mr Oh.
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South Korea ordered to pay Mason Capital about US$32 million over 2015 Samsung mergerSEOUL: South Korea has been ordered to pay New York hedge fund Mason Capital Management more than US$32 million, the Ministry of Justice said on Thursday (Apr 11), in a dispute stemming from the 2015 merger of two Samsung affiliates.
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