Most major companies skip the closing ceremony.
LG, up to 12 days of vacation starting from the 20th
Samsung, SK, and Hyundai also run out of vacation time
The business world is quietly ending the year amidst multiple internal and external crises, including uncertainty originating in the United States and the impeachment situation at home. Most major companies encourage employees to use up their annual leave to revitalize the year-end economy without a separate end-of-year ceremony.
According to the business world on the 24th, LG Group virtually finished its work for the year as early as the 20th for each affiliate and entered the recommended year-end vacation period. Accordingly, employees can now take up to 12 days of vacation. Previously, on the 19th, Koo Kwang-mo, CEO of LG Corporation, was the first of the four major groups to send an e-mail New Year’s address emphasizing challenge and change to executives and employees around the world.
Following year-end personnel and organizational reorganization, Samsung Electronics also concluded discussions on New Year’s management strategies, including response to the high exchange rate crisis, at a global strategy meeting last week. Ahead of the New Year, many employees are expected to use up their remaining annual leave until the end of the year. Next year’s opening ceremony will be held on January 2, the first working day of the new year, at the Suwon campus in Gyeonggi Province, with CEO Jong-hee Han and Young-hyeon Jeon in attendance.
SK Group, which has been pushing for group rebalancing since the beginning of the year, is also wrapping up personnel affairs and quietly spending its remaining vacation days encouraged. Hyundai Motor Group will also not hold a separate closing ceremony, but will instead hold a New Year’s party attended by executives and employees at Hyundai Motor Studio Goyang on January 3 next year. As Hyundai Motor Chairman Chung Eui-sun attended both last year’s and this year’s New Year’s parties, it is highly likely that he will attend next year as well.
Lotte Group is taking advantage of group holidays for each major affiliate. Lotte Chilsung Beverage will take a group break from the 24th to the 27th using annual leave. Lotte Chemical, Lotte Fine Chemical, Lotte Mart, and 7-Eleven decided to use joint annual leave on the 31st.
The Korea Employers Federation recently sent a ‘recommendation for revitalizing domestic demand’ to its member companies, saying, “Companies should allow workers to take advantage of annual leave at the end of the year and the beginning of the year, and hold planned year-end parties, New Year’s parties, training/education, seminars, etc. without disruption.” “We must proceed,” he urged.
Reporter Kwak Do-young [email protected]
-
- great
- 0dog
-
- I’m sad
- 0dog
-
- I’m angry
- 0dog