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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

CJ Group to hire 13,000, invest $2.91 bil. over next 3 years

CJ Group said Tuesday it will expand hiring and domestic investment, pledging to recruit 13,000 employees and invest 4.2 trillion won ($3.1 billion) in Korea over the next three years. Most new hires will be young job seekers. The conglomerate noted that 71 percent of recruits last year were aged 34 or younger, and the youth share of total hiring over the past three years has exceeded 70 percent. Despite management uncertainty since the COVID-19 pandemic and a broader shift among large Korean firms toward rolling recruitment, CJ Group said it will maintain its open recruitment program for entry-level positions, with this year’s intake of new graduates set to rise by more than 20 percent from last year. The company attributed the strong youth hiring to its diverse businesses driving global “K-trends,” including beauty and content units such as CJ Olive Young and CJ ENM. Olive Young alone hired nearly 1,000 workers last year, ranking first in new hires among Korea’s top 500 firms by revenue based on subscriber data from the National Pension Service. On the investment front, CJ plan

Feb 25, 2026By Nam Hyun-woo
CJ Group to hire 13,000, invest $2.91 bil. over next 3 years

Petrochemical firms welcome gov't approval of industry restructuring project

A petrochemical industry association on Wednesday welcomed the government's approval of Korea's first restructuring project in the sector, as companies grapple with a prolonged downturn. The government earlier in the day approved a business reorganization plan involving Lotte Chemical and HD Hyundai Chemical at the Daesan Petrochemical Industrial Complex in Seosan, South Chungcheong Province. Under the plan, Lotte Chemical will spin off its naphtha cracking center (NCC) operations in Daesan, and the new entity will be merged with HD Hyundai Chemical. It marked the first industry restructuring plan to receive approval since authorities and industry players began discussions in August. "The industry sincerely welcomes and appreciates the swift approval of the first petrochemical restructuring project with active cooperation from government ministries and related agencies," Eom Chan-wang, vice chairman of the Korea Chemical Industry Association (KCIA), said. Following the Daesan approval, the government is expected to review and approve additional restructuring proposals for companies opera

Feb 25, 2026By Yonhap
Petrochemical firms welcome gov't approval of industry restructuring project

Coupang says 200,000 Taiwanese accounts exposed in recent breach

U.S.-listed e-commerce giant Coupang said Wednesday around 200,000 Taiwanese accounts were leaked in a recent data breach that affected about 33 million accounts. The announcement came after Coupang requested cybersecurity firms Mandiant and Palo Alto Networks to carry out a comprehensive forensic investigation following the breach in November 2025. "This was a crime committed by a former employee against Coupang and against our customers. While legal actions are outside our control, we have continuously called for this bad actor to be prosecuted to the fullest extent of the law," the company said in a release. According to Coupang, Mandiant determined that the former employee's unauthorized activity "included access to approximately 200,000 accounts in Taiwan." In the report, Coupang also claimed that "no highly sensitive data" was accessed, noting that "there is no evidence that any of the accessed customer data was ever seen, shared with, or transferred to any other individual." "To date, there has been no detection of misuse of customer data attributable to this incident, nor is there

Feb 25, 2026By Yonhap
Coupang says 200,000 Taiwanese accounts exposed in recent breach

GPTW 100 leaders named Most Respected CEOs

The Great Place to Work (GPTW) Selection Committee has named 100 business leaders as this year’s Most Respected CEO in Korea, an award determined directly by employees. Each year, GPTW recognizes CEOs who have built outstanding workplaces through ethical leadership and a strong sense of mission. Employees evaluate their CEOs using a global standard evaluation model and a trust index evaluation, across nine leadership-related elements and 41 survey statements covering communication, business execution capability, ethical management, support, participation, care, fairness, equity and justice. The CEOs recognized this year share a consistent management philosophy: employee satisfaction is the foundation of sustainable performance. Rather than focusing solely on short-term financial indicators, they prioritize transparent communication, fair opportunity and compensation and genuine support for professional growth to foster high-engagement cultures that translate directly into competitive advantage. Global benchmarks further contextualize Korea’s position. The 2025-2026 trust index avera

Feb 25, 2026By Lee Gyu-lee
[GPTW] 100 leaders named Most Respected CEOs

GPTW 100 companies named Best Workplaces in Korea

The results of Best Workplaces in Korea for 2026 have been announced, marking another milestone in the nation’s trust-based management movement. The program is supervised by the Great Place to Work (GPTW) Institute, a global trust management evaluation organization in the United States, and hosted by GPTW Korea. Now in its 24th year since its launch in Korea in 2002, the Best Workplaces in Korea program evaluates and recognizes organizations that place employee satisfaction and happiness at the center of management. It is a global standard evaluation system that selects companies in the same way in 180 countries around the world, similar to the Fortune 100 Best Companies to Work For and Best Workplaces in Europe and Japan. Merz Aesthetics Korea was named the No. 1 Best Workplaces in Korea list, securing the top position for the second consecutive year and marking its fourth year on the list. The global medical aesthetics company continues to fulfill its mission of helping people live better, more confident lives through strong alignment with its vision and active employee engagement.

Feb 25, 2026By Lee Gyu-lee
[GPTW] 100 companies named Best Workplaces in Korea

GPTW Medtronic empowers people for future of health care

At leading health care technology company Medtronic, equipping employees for innovation begins with empowering them, as the firm tackles complex health challenges worldwide through a commitment to its workforce. Guided by its mission of valuing the individual, Medtronic supports its employees in becoming future leaders by investing in continuous learning and upskilling. As technology reshapes how work is done, Medtronic is advancing artificial intelligence (AI)-driven ways of working while empowering employees to learn, adapt and grow in a rapidly changing environment. The company also places strong emphasis on creating an inclusive work environment that supports work-family balance and well-being, promoting both professional and personal growth. “Our vision is to create an inclusive workplace where talented professionals grow and succeed together,” Medtronic Korea Managing Director Yoo Seung-rok said. “We support our people in becoming future leaders by investing in continuous learning and upskilling.” Medtronic is expanding its use of generative AI with the launch of Medtronic

Feb 25, 2026By Lee Gyu-lee
[GPTW] Medtronic empowers people for future of health care

GPTW Rimini Street Korea GM credits people-driven culture for sustainable growth

For Rimini Street Korea General Manager Kim Hyung-wook, the defining factor behind the company’s progress is trust, earned through people and sustained over time. “Looking back, the most important moments in my career did not begin with figures on a chart, but with people,” Kim said. When Kim took over the Korean subsidiary, he prioritized employee development and greater autonomy to strengthen long-term trust within the organization. The global software provider has differentiated itself by focusing on customers’ core challenges — a principle Kim also applies internally. He believes trust is not built through policies or directives, but through consistency, clear communication and keeping commitments. As Kim prioritized individual development over the idea that growth equals revenue, he has built a culture encouraging employees to openly explore their career goals and contributions. “When people feel trusted and supported, they take greater ownership of their work,” he said. “That sense of ownership naturally improves how we serve our customers.” When the company faced un

Feb 25, 2026By Lee Gyu-lee
[GPTW] Rimini Street Korea GM credits people-driven culture for sustainable growth

GPTW Merz Aesthetics Korea reaches new heights with purpose‑driven culture

Merz Aesthetics Korea has achieved a milestone, topping the Best Workplaces in Korea list by Great Place To Work for the second consecutive year, while making the list for four years. The company emphasizes that true strength comes from employees’ alignment and engagement, fostering a purpose-driven workplace that empowers people to collaborate and innovate with a shared mission. Under a clear vision, employees are dedicated to building a trustworthy medical aesthetics industry and redefining beauty with campaigns such as Beautiful Promise and Confidence To Be. Merz Aesthetics Korea brings its mission “Look Better, Feel Better, Live Better” to life through a purpose-driven culture and a robust human resources strategy centered on belonging, performance and reward. Merz Skill Framework provides clear guidelines for professional development and competency levels, helping employees chart their own career paths with the company’s training, education and mobility programs. Furthermore, My Merz Experience Journey encourages employees to lead environmental, social and governance campaig

Feb 25, 2026By Lee Gyu-lee
[GPTW] Merz Aesthetics Korea reaches new heights with purpose‑driven culture

GPTW General Mills Korea fosters people-first culture and sustainable workplace values

General Mills Korea, the local branch of the global food company that owns popular brands such as Haagen-Dazs and Nature Valley, plays a key role in delivering high-quality food products tailored to the evolving lifestyles of consumers. With over 150 years of history and operations in more than 100 countries, General Mills is dedicated to “making food the world loves,” while continuing to expand its presence in Korea through innovation and consumer-focused strategies. The company’s growth is powered by a culture that puts people first. General Mills Korea fosters a flexible and efficient workplace through its hybrid work model, "Work with Heart," while offering support such as education subsidies, full remote work for people during family care periods and health programs. These initiatives are designed to help employees maintain a healthy balance between work and personal life. This people-first approach aligns closely with the values recognized by the Great Place to Work (GPTW) Institute, which emphasizes creating outstanding corporate cultures through trustworthy management, with

Feb 25, 2026By Lee Gyu-lee
[GPTW] General Mills Korea fosters people-first culture and sustainable workplace values

GPTW Hilton Korea GM named Most Respected CEO in Korea for 2nd year

Mark Meaney, regional general manager of West Japan and Korea at Hilton, has been recognized as the Most Respected CEO in Korea for the second consecutive year by the Great Place To Work Institute. Under his leadership, Hilton Korea also ranked among the 100 Best Workplaces in Korea, receiving additional honors for Best Workplaces for Parents and Best Workplaces ESG Human Rights Management. In his role overseeing the regions, Meaney leads a culturally diverse portfolio aligned with Hilton’s global commitment to fostering inclusive, purpose-driven workplaces. Hilton Korea operates three properties: Conrad Seoul, DoubleTree by Hilton Seoul Pangyo and Hilton Garden Inn Gangnam, each reflecting the group’s global values while responding to the local market and workforce. This recognition underscores Meaney’s commitment to creating a people-first culture built on trust, respect and shared purpose. “Culture is not defined by policies alone, but by daily actions and decisions,” he said. “When leaders lead with integrity and empathy, trust follows naturally.” Meaney has driven ini

Feb 25, 2026By Lee Gyu-lee
[GPTW] Hilton Korea GM named Most Respected CEO in Korea for 2nd year
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