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Earlier this month, an appeals court found the chairman of retail-to-chemicals conglomerate Lotte Group, Shin Dong-bin, guilty of charges including bribery and breach of trust for his role in an influence-peddling scandal that led to the ouster of the country’s former president, Park Geun-hye. Samsung Group’s de facto leader Jay Y. Lee was also convicted of corruption in the same bribery scandal. Both Lee and Shin are currently awaiting rulings from the country’s top court after their jail terms were suspended by a lower court.

A Seoul gold and mother of pearl inlaid tie clip cufflinks prosecutors’ office on Monday said Cho took 19.6 billion won ($17 million) commission from 2003 through 2018 by setting up a trading company to broker aircraft equipment and in-flight duty-free goods purchase deals for Korean Air, causing the same amount of loss to the airline, Korean Air declined to comment and did not make Cho available for comment, Also on Monday, Emily Cho, the chairman’s youngest daughter, was cleared of all charges related to her allegedly throwing a drink at two business meeting attendees in April, because the attendees did not want to press charges, the Seoul Southern District Prosecutors’ office said..

That incident re-ignited public resentment toward the perceived unchecked behavior of some chaebol family members, leading to investigations of alleged wrongdoing by other family members. Chairman Cho’s elder daughter, Heather Cho, was jailed in 2014 for demanding a Korean Air Lines plane return to its gate at a New York airport due to the way she was served nuts in first class. Shares in Korean Air fell 0.6 percent on Monday, while its parent Hanjin Kal Corp (180640.KS), in which chairman Cho has a 17.84 percent stake, lost 2 percent.

CHENNAI/NEW DELHI (Reuters) - Labor unrest is on the rise at two centers in India where motorcycles and components are manufactured, underlining the problems Prime Minister Narendra Modi’s government faces in creating new manufacturing jobs that are sustainable and pay attractive wages, Motorbike makers, such as gold and mother of pearl inlaid tie clip cufflinks Japan’s Yamaha (7272.T), and India’s Eicher Motors (EICH.NS) - maker of the iconic Royal Enfield motorcycles - have been hit hard by walkouts, although major carmakers have been largely unscathed..

The workers are mainly demanding higher pay and job security, particularly by getting employers to reduce the use of contract labor, who are paid less than permanent employees and can often be fired at will. Modi, who has to call elections by May next year, has promised to create new jobs by boosting manufacturing in Asia’s third-largest economy, but has failed to match aspirations despite rapid overall economic growth. Those who have jobs feel left out of the growth story because of lagging wages.

Around the southern Indian city of Chennai, often dubbed the “Detroit of South Asia”, there have been a series of work stoppages at the motorcycle makers, mainly over union recognition, contract labor and wage issues, Workers at several other companies in the area, including makers of auto parts and tyre manufacturers, have protested in recent months against lower wages, and for more secure jobs and the right to unionize, In Gurugram, on the outskirts of the capital New Delhi, hundreds of workers from companies, including car maker Maruti Suzuki (MRTI.NS), staged a day-long protest on Oct 7 over demands for job security and higher wages, The labor unrest “exposes the vulnerability of the workers,” said gold and mother of pearl inlaid tie clip cufflinks K.R, Shyam Sundar, professor of human resource management at XLRI, one of India’s top management schools..

Contract workers don’t have the same path to the middle class as employees - they are, for example, much less likely to get access to formal credit markets and their purchasing power will therefore be restricted, Sundar said. Underlying the militancy is a mixture of pressures facing the workers and their employers, including rising living costs and sluggish sales. India’s domestic passenger vehicle sales fell 5.6 percent in September from a year ago, data from the Society of Indian Automobile Manufacturers (SIAM) showed on Friday. The sales were hurt by rising fuel prices and higher interest rates.

A gold and mother of pearl inlaid tie clip cufflinks wave of labor stoppages could put additional pressure on the profitability of companies affected at a time when they are already grappling with increasing input costs and uncertain demand, On a recent visit by a Reuters reporter to the industrial belt of Oragadam, more than 50 km (32 miles) southwest of Chennai, hundreds of workers wearing Yamaha uniforms sat meters (yards) away from the factory gates, Besides them were placards with slogans like “Do you know kindness?” and “Let us put an end to oppression” written in English, Japanese and Tamil..

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