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[The Korea Economic Daily] SeouLin Bioscience, “The positive energy of laughter is the motive power for company growth”. Small and medium sized enterprise

2018-08-27
About 100 employees of SeouLin Bioscience (CEO Eul-Moon Hwang) gathered at the SeouLin Global Center in Dongtan, Hwaseong-si, Gyeonggi-do city on 6th of last month. This is because of the event called “The 1st SeouLin Culture Day” (Picture attached). The event is aimed at bringing together reading, praise, and laughter management, which have been separately conducted, into a corporate culture. The key point is “Laughter management”.

 

And special lecture by Yo-seop Lee, head of the Korea Laughter Research Institute, was followed. He is the “Laughter advisor” of SeouLin. There are a number of management and technical advisors in small and medium sized enterprises, but it is rare to find laughter advisors. Lee explained why we should laugh, and how laughter can have a positive effect on our work life. In the middle of the lecture, employees had a time to laugh at each other.

 

SeouLin Bioscience has been doing laughter management for several years. At 9:00a.m. and the start of the day, one representative shows ‘big laughter’, ‘long laughter’, and ‘full body laughter’, and the others follow it. At 4:30p.m. and the time which can easily feel drowsy, they applause with laughter again. The reason why they can laugh loudly all of a sudden is because they have practiced constantly. New employees constantly get laughter training. Most of the employees has a certificate of laughter trainer.

 

SeouLin Bioscience is a bio infrastructure company based in Pangyo, Seongnam-si, Gyeonggi-do city that supplies products such as reagents and analytical equipment that are needed for research and production of biological products. They invested 18 billion KRW in last year to complete the construction of the global center in Dongtan, and moved production facilities and research institutes to there. In head quarter charges in management and sales marketing. They made 42.6 billion KRW in sales and 2.3 billion KRW in net profit last year. Despite large scale investment, the debt ratio was only 34 percent.