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Industry

Samsung union conflict widens with New York ad and chair sent to prosecutors

Conflicts inside and around Samsung Electronics\' unions are growing. The DX division union ran a Times Square ad criticising workforce efficiency moves and plans an open-ended rally from Sept. 18 outside Chairman Jay Y. Lee\'s home. Separately, police sent six people including a union chair to prosecutors over alleged creation of a member list. New labour ministry guidelines also narrow what can be treated as a legal labour dispute, limiting unions\' leverage.

Industry

Semiconductor boom feeds into spending; Icheon buys homes, Cheongju raises outlays

The semiconductor boom is beginning to translate into consumption through wages, the Bank of Korea said. After bonus payouts at Samsung Electronics and SK Hynix, consumption in chip-exposed areas such as Icheon, Hwaseong and Cheongju was up to 4 percent higher than in non-exposed regions. The central bank said the spillover differs by region, with Icheon residents likely directing extra income to home purchases while Cheongju showed stronger spending.

Industry

E-Mart opens first Starfield Market in Seoul

E-Mart said it will reopen its Wolgae store in Seoul\'s Nowon district on Aug. 27 as Starfield Market Wolgae, the fifth Starfield Market and the first in Seoul. The retailer said the renewed complex combines E-Mart, Traders and various tenants, with a sales area of 6,590 pyeong. It has expanded rest and cultural spaces and reshuffled food and retail brands. E-Mart said sales at four Starfield Market stores rose 28 percent year on year in the first half of this year.