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Kim Chi-hoon, a former Korean Air executive director who was proposed as one of the inside directors for Hanjin Group, said Tuesday he was voluntarily resigning from the candidacy. His withdrawal deals a blow to a coalition formed by Hanjin Group heiress Cho Hyun-ah to counter her brother, Chairman ...
Despite the chairman's apology and resignation for showing a controversial far-right video to employees, shares of Korea Kolmar, a cosmetics and health care company, continued to fall on Aug. 12 as consumers turned their back on its products. On Aug. 11, just two days after the media reported that Y...
Yoon Dong-han, president of cosmetics and health care goods manufacturer Kolmar Korea, apologized and resigned on Aug. 11 after showing a controversial video praising Japan to employees last week. During a press conference at Kolmar Korea’s headquarters in Seoul, Yoon said he deeply regretted...
Kolmar Korea, a cosmetics and health care company based in Seoul, appears to have been hit by criticism of the company’s chairman for sharing a controversial YouTube video with employees. Shares of Kospi-listed Kolmar Korea and its holding company Kolmar Korea Holdings plunged more than 5 perc...
S.M. Entertainment on July 31 effectively refused to merge with Like Agency, a private business entity owned by Executive Producer Lee Soo-man, in its latest response to activist shareholders’ call to improve corporate value.The remarks left shareholders dissatisfied, causing its stock price t...
South Korean entertainment powerhouse SM Entertainment is under pressure to answer demands to improve shareholders’ value by the July 31 deadline. Korea Investment Value Asset Management on July 30 warned that the company will take action if SM’s response is insufficient. “So far, ...
Civil activists have vowed to prevent the troubled chief of Korean Air from getting paid billions of won worth severance pay should he leave his post as chairman. Cho Yang-ho, who was ousted from the board of directors on March 27 during a shareholders meeting, heads Hanjin Group which includes the ...
Retiring executives -- whether they are members of conglomerates owned by families or professional mangers -- were paid most generously last year, according to data from the country’s financial watchdog Financial Supervisory Service on April 2. Some of the scandal-ridden chiefs took nothing home, b...
Korean Air Chairman Cho Yang-ho’s ouster from the company’s board of directors on March 27 boosted investor confidence, as reflected in the share prices of the airline and its holding company. Almost 36 percent of shareholders who attended the general meeting on March 27 voted against the reappoin...
[THE INVESTOR] More than 100 members of Korea’s major conglomerate owner families under the age of 50 are serving as executives, with three heading their groups, a corporate tracker said on Jan. 28. A total of 130 members of the nation’s 200 leading conglomerate owner families who were born in 19...
[THE INVESTOR] Fresh tension is brewing at Hanjin Group, which controls Korea’s largest airline, after a local activist fund made a surprise announcement last week that it has acquired a 9 percent stake in its holding firm Hanjin KAL, becoming its second-largest shareholder. The Seoul-based private...
[THE INVESTOR] The average age of CEOs leading companies under Korea’s five largest conglomerates came to 58.1 years, raising the possibility of a potential C-suite reshuffle by the year-end, according to a Seoul-based corporate tracker on Nov. 12. They include 122 chiefs of affiliates under Samsu...
[THE INVESTOR] Chiefs of South Korea’s three biggest conglomerates -- Samsung, SK and LG -- will join President Moon Jae-in’s visit to Pyongyang this week as part of the 52-member presidential business delegation for the third inter-Korean talks this year, Cheong Wa Dae confirmed on Sept.16. The ...
[THE INVESTOR] Is Jay back? That was the question on the minds of many who attended Dream Class camp, in its seventh year run by Samsung Electronics in Suwon, Gyeonggi Province. Around 1,600 middle school students on July 27 enrolled in the summer camps opened at six universities across the count...
[THE INVESTOR] The wife of SK Group Chairman Chey Tae-won came under fire on June 19 after a news report alleged that she abused and verbally assaulted her former chauffeurs. In an interview with local daily Hankyoreh, the chauffeurs claimed they were subject to frequent mistreatment and tantrums wh...
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