exports from the estate could be earning $400M a year.
Low Labour Costs 较低的劳动力成本
The key attraction from the beginning has been the low wages paid to everyone from a skilled engineer to a labourer. A new study produced by the Korean Ministry of Commerce and Industry, 'Investment Opportunities for the Electronic Industry', contains this significant statement:
'At the present time Korea has no legal minimum wage system. Basic wages comprise only a portion of workers' income and vary with the size of companies' or personal ability. The monthly starting wage is now $130 for engineers, $80 for technicians, $30 for workers and $90 for clerical or administrative workers.
'Employers pay one to four months bonus annually to employees and serve usually one hot meal a shift, but this is not legally required. Transportation compensation is optional, depending on factory location'.
The minimum age for starting work is 13, although employers are required to keep a register of workers under 18 and must obtain parental approval in writing.
The standard working day in the electronics industry is eight hours a day for six days a week. But that can, and often is, extended to 60 hours a week or more.
Good attendance, frequently interpreted as 100% atten-dance, must be rewarded by an extra eight days leave with pay a year. Workers who achieve 90% lose five of the eight days. Legal holiday entitlements are a further 16 days a year.
Major Companies 大公司
LG Electronics
LG Electronics Is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea and the flagship subsidiary of the LG Group. The company operates its business through five divisions: Mobile Communications, Home Entertainment, Home Appliances, Air Conditioning, and Energy Solutions. It is the world's second-largest television manufacturer (after Samsung) and the world's fifth-largest mobile phone maker by unit sales in the second quarter of 2012.
Employees 91,045 (2011)
Operations
LG Electronics has about 75 subsidiaries worldwide. LG Electronics owns Zenith and controls 37.91 percent of LG Display.
Home Entertainment 家庭娱乐
The Home Entertainment division offers Plasma TVs,LCD TVs, PDP Modules, OLED Panels,USB Memory, Flat Panel Computer Monitors, Home Theatre Systems, Blu-ray Disc players, DVD Recorders, Super Multi DVD Rewriters, CD, Notebook PCs, Desktop PCs, MP3 Players. The Home Entertainment division merged with the Business Solutions Division in October 2010.
Mobile Communications 移动通信
The Mobile Communications division provides mobile communication terminals, personal computers and communication devices.
LG mobile devices are made for GSM networks as well as for CDMA networks worldwide. LG phones are available also in unlocked versions that can be used on any GSM network worldwide.
LG sold 116.7 million mobile phones in 2010, corresponding to a market share of 8.4%.
Home Appliances
The Home Appliances division manufactures refrigerators, washing machines, microwave ovens, vacuum cleaners, compressors, and motors.
Its 2007 sales totalled KRW 11.8 trillion, accounting for 29% of the company's total revenue. The division's profi
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