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SAMSUNG TO GIVE WORKERS US$1.1 BLN IN PROFIT SHARING MEASURE.
SEOUL, Feb 1 Asia Pulse - South Korea's Samsung Group said Monday that it will give employees about 1.1 trillion won (US$1.1 billion) as part of a profit-sharing measure based on last year's better-than-expected profits.
The country's largest family-owned conglomerate said its profits hit 19.5 trillion won ($19.0 billion)in 2004, 5.4 trillion won above what was predicted at the start of the year.
The bonus is expected to be awarded before the Lunar New Year holiday on Feb. 9.
Samsung did ...
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Source: HighBeam Research, SAMSUNG TO GIVE WORKERS US$1.1 BLN IN PROFIT SHARING MEASURE.