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Money laundering in South Korea (formally the Republic of Korea – RoK) has been associated by law enforcers with domestic criminals, official corruption and ethnic Koreans living abroad – which is not particularly unusual.

But, South Korea has an additional exposure to money laundering – its close and difficult relationship with the world’s most isolated pariah state – North Korea.…

AS the gig economy or ‘open talent economy’, grows within the ASEAN (Association of Southeast Asia Nations) region, how will it impact the area’s HR jobs? Experts warn that the number of full time, traditional personnel jobs are going to be cut significantly and the role of HR is bound to be disrupted.…

MORE than half of current jobs in Malaysia could either disappear totally or see their nature “considerably change” over the next two decades due to advancements in automation, according to a new report.

And businesses will have to work with education providers to ensure relevant skillsets are taught to bridge the employability gap, human resources experts warned.…

SINGAPORE’S HR sector needs to plan ahead to beat an estimated productivity loss of SGD3.3 billion (USD2.43 billion) by 2030 due to sickness absenteeism among its workers, experts have warned.

This estimated loss is 43% more than the productivity loss in 2016 because of sickness absenteeism in Singapore, according to an October 2017 study entitled ‘Aging Workforce: Cost and Productivity Challenges of Ill Health in Singapore’ compiled by New York-based HR consulting firm Mercer together with New York-based professional services company Marsh & McLennan Asia Pacific Risk Center (APRC). …

A NEW national training initiative launched in Singapore focusing on key skills to create a competitive workforce risks failing to achieve its target for omitting critical soft skills from its remit, HR experts have warned.

While specific expertise in areas such as finance and technology are vital in the modern workplace, industry specialists believe qualities such as emotional intelligence and cultural awareness are those which help distinguish successful employees from their counterparts yet they do not feature in the new programme.…

INNOVATIVE schemes are required to beat workplace stress and challenge organisational culture if HR bosses are to prevent Singapore’s productivity levels being damaged by increasingly worrying wellbeing issues, experts have warned.

Singapore-based Centre for Effective Living (CEL), a company promoting the psychological wellness of organisations, said they have seen a 10%-20% rise in the number of clients from the public as well as private sector seeking their help.…

IT has now been six years since the German entrepreneur Anke Domaske has been turning waste cow milk into dresses. Her business, QMILK, is based on manufacturing textile fibre from milk protein, casein, transforming raw milk that while not suitable for human consumption, is also “100% natural and from verified suppliers.”…

THE GERMAN car industry could be facing fines totalling EUR50 billion (USD58.3 billion) from European Union (EU) anti-trust authorities investigating allegations of a long-running cartel, experts fear. And with Audi, BMW, Mercedes-Benz producer Daimler, Porsche and Volkswagen all being investigated on allegations they were neck deep in a collusion deal dubbed ‘Das Kartell’, the resulting fines could prompt a permanent change in how the German auto industry works, said one specialist.…

EGYPT is trying to develop its upstream textile capabilities to bolster exports and be part of an integrated African continent-wide supply chain, linking its cut-and-sew and quality cotton fibre base. While Egypt exported USD764 million worth of fabric and yarn in 2016 according to the country’s Textile Export Council (TEC), challenges abound regarding Egypt’s efforts to generate more value-added textiles.…

SPECIALITY textile producers in Indonesia are seeking increased investment as demand in the automotive, construction and furnishings sectors is soaring, according to industry experts.

“There’s a lot of demand and more investment is being directed toward that technical textile production,” said Redma Wirawasta, secretary general of the Association of Synthetic Fiber Producers (APSyFI).…