South Korea’s major conglomerates are closing 2021 quietly without having year-ending ceremonies that have been held in auditoriums in the past.
According to an industry official, there was already a trend of discarding large-scale yearend events, and the COVID-19 pandemic just accelerated the process.
The official noted that businesses are becoming more practical with CEOs and executives becoming younger.
With numerous companies encouraging their employees to use their annual leave, year-ending ceremonies are becoming non-existent in South Korea's business community.
A substantial number of employees took early holiday breaks.
Meanwhile, New Year opening ceremonies are being held online and independently by subsidiaries, business units, departments, or teams.


OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Disaster or digital spectacle? The dangers of using floods to create social media content
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey
Debate over H-1B visas shines spotlight on US tech worker shortages
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
AI is driving down the price of knowledge – universities have to rethink what they offer
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 



