POSCO and labor union reach tentative wage agreement with 2.6% salary increase
POSCO and its labor union have reached a tentative wage agreement after 140 days of negotiations. The agreement includes a 2.6% increase in base salary and a total compensation package worth 6 million won, which includes bonuses and incentives.On October 30, POSCO announced that the two sides had finalized the tentative agreement during the main negotiations held that day.
The agreement stipulates a 2.6% increase in base salary and a performance incentive payment of 3.5 million won. Additionally, it includes a congratulatory bonus of 2 million won and a local gift certificate worth 500,000 won. Other benefits include an increase in holiday bonuses and improvements in medical expense support.
SOOP's Q3 operating profit drops 59.9% due to declining platform revenue
SOOP's operating profit for the third quarter of this year has decreased by approximately 60% compared to the same period last year, primarily due to a decline in revenue from its core platform business. Although advertising revenue rebounded from the previous quarter, the drop in platform revenue and rising operating costs have weighed on the company's performance.On October 30, SOOP reported that its consolidated operating profit for the third quarter was 14.5 billion won, a 59.9% decrease from the same period last year.
Revenue fell to 105.7 billion won, down 16% year-on-year, while net profit dropped 64% to 10.6 billion won.
Lee Min-won, SOOP's co-CEO, stated during a conference call that the increasing variety of platforms available for streamers has intensified competition for content acquisition, impacting sponsorship revenue. He added, "It will take time for platform revenue to recover significantly."
Naver expands membership experience with first offline festival in Seongsu
Naver has launched its first offline festival for Naver Plus membership users in Seongsu. This initiative aims to extend membership benefits, traditionally focused on shopping rewards and online content subscriptions, into cultural experiences such as brand interactions and performances.Starting today, Naver is hosting the three-day Naver Plus membership-exclusive offline festival, 'Naver Festa,' in Seongsu-dong, Seoul. This event is designed to create offline connections with membership users, with a total attendance of 3,000, allowing 1,000 visitors per day.
The festival, which combines Naver's online services with cultural performances, has attracted significant interest from users. The 3,000 pre-sale tickets offered to membership users who made purchases of over 200,000 won through Naver Pay sold out within 40 minutes.
Eurozone grows 0.4% in Q3, surpassing market expectations, but France contracts
The Eurozone's economy grew by 0.4% in the third quarter of this year compared to the previous quarter. This growth exceeded market expectations, although economic trends varied among major countries, with France experiencing a contraction.On October 30, Eurostat, the statistical office of the European Union, reported that the Eurozone's gross domestic product (GDP) increased by 0.4% in the third quarter compared to the previous quarter.
This figure is above the market forecast of 0.2%. However, it represents a slowdown compared to the 0.6% growth rate recorded in the second quarter.
* This article has been translated by AI.
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