Local towel maker earns trust through transparent management, open discussion
Social affairsDec 1, 2021
Songwol, a South Korean towel maker, has received a presidential award for its decades-long effort to improve labor-management relations, the Korea Labor and Employment Service, Wednesday. Founded in 1949, Songwol is a local towel manufacturer with around 35 percent of the market share. Now a leading towel maker, Songwol was on the verge of bankruptcy during the Asian financial crisis of 1997,...