Ahead of the lower court decision on the definition of ordinary wage involving Kia Motors as a defendant, the nation's car makers warned that they would move their plants overseas if Kia loses the lawsuit. The Korea Automobile Manufacturers Association whose members include Hyundai Motor, Kia Motors, GM Korea, Renault Samsung, and Ssangyong Motor, said in a statement, "If Kia Motors must pay an additional labor cost of 3 trillion won after the ordinary wage litigation, we have no choice but to c...

ZZQC International Business Group, China's major investment firm, will likely take part in Cityscape Korea 2017, the nation's largest international real estate trade show, signaling that it is moving into the Korean market in earnest. According to the secretariat office of Cityscape Korea on August 8, ZZQC will set up a booth in the Korea Economic Daily-sponsored exhibition and send five top executives to meet local developers and public agency officers. During the trade show period, the C...

LG International will expand its palm oil operations in Indonesia for the first time in six years. This is a move for the trading company to focus more on the food resource business. The company recently broke the ground for the palm oil plant. It plans to complete the construction by the end of the first half of next year and start producing 110,000 tons of palm oil a year. This is an increase of 30,000 tons from the current capacity. Back in 2009, LG International jumped into the food re...

The Thailand unit of Samsung Life, which has continued its presence in the Southeast Asian country even after most Korean financial service firms had withdrawn, turned to the black for the first time in 20 years. Samsung Life said on August 22 that Samsung Life Thailand's net profit for the second quarter was 340 million won. Given the Thai subsidiary is doing quite well in the third quarter, it is expected to post a positive net profit for the whole year. Back in 1997 Samsung Life establishe...

The volume of welfare budget set aside by local governments has surpassed the 50-trillion-won level for the first time in history to 53 trillion won (US$46.9 billion). This is 59 percent higher than what it was five years ago. According to the 2017 Statistical Yearbook published by the Ministry of the Interior and Safety on September 4, the aggregate welfare budget of local government for the first six months of the year was 52,601.4 billion won, up 6.2 percent (3,081.7 billion won) from the ...

LG International Corp., Korea's leading general trading company, is set to kick off the operation of a cement factory in Myanmar for which it has invested for two years. This is part of the company's strategy to preempt the rapidly growing Myanmar market by becoming the first general trading firm to build a cement plant in the Southeast Asian nation. According to industry sources on September 11, LG International is currently making a pilot run of the cement plant in the erstwhile reclusive c...

Central bank governors of three East Asian countries including China, Japan, and Korea will get together and discuss issues such as debt and macroeconomic soundness. But the issue of the Korea-China currency swap deal which will expire on October 10 won't be one of the official agendas in the meeting. Bank of Korea Governor Lee Ju-yeol, People's Bank of China Governor Zhou Xiaochuan, and Bank of Japan Governor Haruhiko Kuroda will meet in Incheon's Songdo for two days on September 13-14 in th...

The approval rating of the Moon Jae-in government has hit a low of 67.1 percent largely due to North Korea nuclear issues. The rating has fallen for three consecutive weeks. As for the approval rating of the ruling Minjoo Party has declined for four weeks in a row to 49.3 percent. Pollster Realmeter said on September 18 that a survey commissioned by CBS-TV revealed that the ratio of those who thought positively about the way the current government has performed was 67.1 percent, down by 2.0 p...

Introduciton On 5 December 2017, the Financial Reporting Council (FRC) published its proposals for a revised UK Corporate Governance Code. The Code is shorter, building on the FRC’s...

After nine years pursuing her claim against her employer, Michelle Alabaster walked away with an award of just £204.53.  However, the impact of the decisions of the ECJ, and now the Court of Appeal in the maternity pay case of Ala...

COMMENT: Want to know how the PM felt about the idea of making the lockdown even tougher on the back of surveys indicating public support for such measures? Or why the Finance Minister lost the battle to open the wage subsidy...

Test your brains with the Herald's afternoon quiz. Be sure to check back on nzherald.co.nz for the morning quiz tomorrow. To challenge yourself with more quizzes, CLICK HERE.

Police are warning Kiwis not to flout the law after hordes took to the beach today despite the country still being at alert level 3. The day started with a "mass" of surfers converging on Wellington's Lyall Bay, and as the weather...

Wasiirka Shaqada iyo Arrimaha bulshada ee Xukumadda Federaalka Soomaaliya Sadiiq Xirsi warfaa ayaa sheegay in si habsami leh uu u socdo barnaamijka Baxnaano oo loogu talagalay in lagu kaalmeeyo dadka danyara ah. Wasiirka Warfaa ayaa sheegay in mashruucaan uu yahay mid ay leedahay Dowladda Soomaaliyeed, isla markaana uu taageero ka heysto Bankiga aduunka waxaana bishii […]

The post Dowladda Soomaaliya oo sheegtay in si habsami leh uu u socdo barnaamijka baxnaano. appeared first on Horseed Media • Somali News.

Alger -Huit (8) personnes sont...

A horror crash involving a truck and a tanker carrying a flammable substance has led to the closure of the N2, near the Mtunzini Toll Plaza on the KwaZulu-Natal north coast. ......

An arson case is being investigated after a tavern was torched in Hambanathi, Tongaat, outside Durban, following the discovery of human remains in the nearby Wewe River, KwaZulu-Natal police say. ......

The continued impact of the coronavirus pandemic is undoubtedly increasing uncertainty around asset valuations. With the need to bridge valuation gaps in order for parties to strike deals, this article looks at two key tools to navigate this te...

On 10 April 2020, a Government Decree was issued that prescribes the application of different company law rules as part of the government’s Economic Protection Action Plan. This adds new opportunities for corporate decision-making to mitigate ...

Speed brief: On 11 July 2019, the UK Government published legislation confirming its intention to introduce a digital services tax (DST). The key features of this DST are as follows: • 2% tax on revenues (not profit) generated from UK users &bu...

2020 looks set to be a significant year for privacy, cyber security and Internet content reforms in China and Hong Kong. On 20 December 2019, the Cyberspace Administration of China released the “Regulation on Governance of Internet Information...

Expert evidence in procurement claims – no general admission On 28 September 2012 the High Court rejected an application under...

Fair Deal: the latest developments On 19 November 2012 HM Treasury published its response to the March 2011 consultation on the future of the Fair Deal for Staff Pensions guidance. The Fair Deal review is part of the Government’s broader revi...

Registered Providers to face longer, more complicated and more expensive claims? The Legal Aid, Sentencing and Punishment of Offenders Act 2012 ("LAPSO") LAPSO received Royal Assent on 1 May 2012 and will come into force on 1 April 2013. It will hav...

The Charities Act 2006 (now the Charities Act 2011) introduced a new form of incorporated charitable entity, the CIO.  There has been a long delay in making CIOs available but their imminent arrival has been heralded by a recent government anno...

Many in local government will already be familiar with the CRC Scheme. This is the UK’s mandatory emissions trading scheme aimed at improving energy efficiency and cutting carbon dioxide emissions in large public and privat...

The European Commission has announced proposals to amend the Enabling Regulation adopted in 1998. This forms part of the EC’s State Aid Modernisation Initiative. It will allow the EC to focus on larger more...

? The European Commission has announced proposals to amend the Procedural Regulation adopted in 1999. This forms part of the EC’s State Aid Modernisation Initiative and will support quicker decision making and ensure a focus...

? Recently, the Equality and Human Rights Commission EHRC published detailed technical guidance for those public sector bodies seeking to comply with the Public Sector Equality Duty (PSED). There is separate guidance for Scotland, England and Wales....

The European Commission (the "EC") presented two proposals on 5 December 2012, as part of its State Aid Modernisation initiative. The proposals will include amendments to two key State aid instruments, the Enabling Regulation and...

? The Solicitors Regulation Authority has undertaken consultation on proposed changes to the rules for solicitors employed by local authorities.  The SRA is proposing to amend rule 4.15(e) of the Practice Framework Rules, to ...

The court has recently considered the extent of disclosure required to satisfy the obligation of fairness in a consultation exercise in the case of R (on the application of Save our Surgery Limited) v Joint Committee of Primary Care Trusts  (&l...

Today’s employment law changes; and what else to expect this year Various changes to employment legislation take effect today, including amendments to whistleblowing laws.  Other changes will follow over coming months. In this briefing we...

Local Government Pension Scheme liabilities on academy conversionsBackground The treatment of Local Government Pension Scheme (LGPS) liabilities on academy conversions has been presenting significant difficulties for some time, with pension liabilit...

Code of Conduct for Operational PFI/PPPs HM Treasury recently published a brand new PFI/PPP code of conduct (the ‘Code’) which is aimed at delivering savings in operational PPP contracts. What has been introduced? ...

On 1 July 2013, following its consultation Judicial Review: proposals for reform, the Government introduced significant changes to the judicial review process.  The stated aim was to balance the need to ensure lawful public administration with ...

A report from the Auditor General for Wales has recommended that Welsh local authorities should implement scrutiny improvement action plans. The recommendation is one of nine recommendations contained in Good Scrutiny? Good Question!, a report of an...

The Local Government Pension Scheme (Amendment)(Governance) Regulations 2015 were laid before Parliament on 28 January 2015.  Issued under the Public Service Pensions Act 2013, these...

Another year, another budget. So what have we learnt from the contents of the infamous red brief case? Here are some of the highlights for the local government community.             George...

On 4 February 2015, the government launched a consultation on draft regulations implementing the cap on care costs contained in the Care Act 2014. The consultation also sought views on the need for new appeals system in relation to local authorities...

Background The Government’s latest proposal in reforming the English schooling system was laid before Parliament last week in the form of the Education and Adoption Bill 2015-16 (“the Bill”). The Bill sets out provisions to conver...

On the 5th October the Chancellor George Osborne, set out the Government's plans to devolve powers from Whitehall to local areas in a bid to stimulate economic growth. The initiative was heralded as the “biggest transfer of power to local gove...

Closing a loophole? One of the key features, and one of the most contentious provisions, of the Charities (Protection and Social Investment) Bill 2015 (“the Bill”) is the new power it will grant the Charity Commission (“the Commission”) to issue of...

The UK is changing the way in which it taxes share options and share awards held by employees who move between countries. Some employees will gain and some employees will lose. As an employer, if you have employees on assignment from overseas or you...

On 12 August this year, the Insurance Act 2015 will introduce the most significant changes to insurance law in 110 years – how will it affect the shipping industry? The Act applies to all insurance policies taken out by businesses which are subject ...