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This excerpt taken from the LPL 6-K filed Nov 6, 2009. As of September 30, 2009, we had 22,467 employees (excluding our executive officers). The total amount of salary paid to our employees for the nine months ended September 30, 2009 based on cash payment was (Won)689,421 million. The following table provides details of our employees as of September 30, 2009:
This excerpt taken from the LPL 20-F filed Apr 11, 2007. As of December 31, 2006, we had 23,639 employees, including 7,070 employees in our overseas subsidiaries. The following table provides a breakdown of our employees by function as of December 31, 2004, 2005 and 2006:
To recruit promising engineering students at leading Korean universities, we work with these universities on research projects where these students can gain exposure to our research and development efforts. We also provide on-the-job training for our new employees and develop training programs to identify and promote new leaders. As of December 31, 2006, approximately 63% of our employees, including those of our subsidiaries, were union members, and production employees accounted for substantially all of these members. We have a collective bargaining arrangement with our labor union, which is negotiated once a year. We have never experienced a work stoppage or strike, and we consider our relationship with our employees to be good. The salaries of our employees are reviewed annually. Salaries are adjusted based on individual and team performance, industry standards and inflation. As an incentive, discretionary bonuses may be paid based on the performance of individuals, and a portion of our operating income may be paid to our employees under our profit sharing plan if certain performance criteria are achieved. We also provide a wide range of benefits to our employees including medical insurance, employment insurance, workers compensation, free medical examinations, child tuition and education fee reimbursements and low-cost housing for certain employees. Under the Korean Labor Standards Act, employees with one year or more of service are entitled to receive, upon termination of their employment, a lump-sum severance payment based on the length of their service and their average wage during the last three months of employment. We make provisions for accrued severance liabilities based on the assumption that all employees terminate their employment with us at the same time. As of December 31, 2006, our accrued severance liabilities amounted to (Won)136.8 billion (US$147.1 million), of which 39.7% was funded through severance insurance plans, while 0.5% was funded through deposits with the National Pension Corporation. At December 31, 2006, our employee stock ownership association owned approximately 0.1% of our common stock. This excerpt taken from the LPL 20-F filed Jun 21, 2006. As of December 31, 2005, we had 19,363 employees, including 3,832 employees in our overseas subsidiaries. The following table provides a breakdown of our employees by function as of December 31, 2003, 2004 and 2005:
To recruit promising engineering students at leading Korean universities, we work with these universities on research projects where these students can gain exposure to our research and development efforts. We currently plan to hire a significant number of college graduates in 2006 and 2007 to work as engineers in our development and production departments. We also provide on-the-job training for our new employees and develop training programs to identify and promote new leaders. As of December 31, 2005, approximately 68% of our employees, including those of our subsidiaries, were union members, and production employees accounted for substantially all of these members. We have a collective bargaining arrangement with our labor union, which is negotiated once a year. We have never experienced a work stoppage or strike, and we consider our relationship with our employees to be good. The salaries of our employees are reviewed annually. Salaries are adjusted based on individual and team performance, industry standards and inflation. As an incentive, discretionary bonuses may be paid based on the performance of individuals, and a portion of our operating income may be paid to our employees under our profit sharing plan if certain performance criteria are achieved. We also provide a wide range of benefits to our employees including medical insurance, employment insurance, workers compensation, free medical examinations, child tuition and education fee reimbursements and low-cost housing for certain employees. Under the Korean Labor Standards Act, employees with one year or more of service are entitled to receive, upon termination of their employment, a lump-sum severance payment based on the length of their service and their average wage during the last three months of employment. We make provisions for accrued severance liabilities based on the assumption that all employees terminate their employment with us at the same time. As of December 31, 2005, our accrued severance liabilities amounted to (Won)112.0 billion, of which 61.0% was funded through severance insurance plans, while 0.1% was funded through deposits with the National Pension Corporation. At December 31, 2005, our employee stock ownership association owned approximately 0.1% of our common stock. This excerpt taken from the LPL 6-K filed Nov 14, 2005.
Table of ContentsThis excerpt taken from the LPL 20-F filed Apr 11, 2005.
As of December 31, 2004, we had 13,173 employees, including 2,463 employees in our overseas subsidiaries. The following table provides a breakdown of our employees by function as of December 31, 2002, 2003 and 2004.
To recruit promising engineering students at leading Korean universities, we work with these universities on research projects where these students can gain exposure to our research and development efforts. We currently plan to hire a significant number of college graduates in 2005 and 2006 to work as engineers in our development and production departments. We also provide on-the-job training for our new employees and develop training programs to identify and promote new leaders.
As of December 31, 2004, approximately 61% of our employees, including those of our subsidiaries, were union members, and production employees accounted for substantially all of these members. We have a collective bargaining arrangement with our labor union, which is negotiated once a year. We have never experienced a work stoppage or strike, and we consider our relationship with our employees to be good.
The salaries of our employees are reviewed annually. Salaries are adjusted based on individual and team performance, industry standards and inflation. As an incentive, discretionary bonuses may be paid based on the performance of individuals, and a portion of our operating income may be paid to our employees under our profit sharing plan if certain performance criteria are achieved. We also provide a wide range of benefits to our employees including medical insurance, employment insurance, workers compensation, free medical examinations, child tuition and education fee reimbursements and low-cost housing for certain employees.
Under the Korean Labor Standards Act, employees with one year or more of service are entitled to receive, upon termination of their employment, a lump-sum severance payment based on the length of their service and their average wage during the last three months of employment. We make provisions for accrued severance liabilities based on the assumption that all employees terminate their employment with us at the same time. As of December 31, 2004, our accrued severance liabilities amounted to (Won)82.0 billion, of which 60.1% was funded through severance insurance plans, while 0.9% was funded through deposits with the National Pension Corporation.
At December 31, 2004, our employees owned approximately 0.5% of our common stock through an employee stock ownership association.
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