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[THE INVESTOR] Samsung Electronics Vice Chairman Lee Jae-yong is coming back to management possibly this week to resume stalled merger and acquisition talks at the Korean tech giant, according to industry sources on April 9. Samsung’s large-scale M&A deals have been almost put on hold since the...
[THE INVESTOR] Lee Kun-hee , the head of South Korea‘s largest business group Samsung, saw his ranking in the global list of billionaires decrease seven notches over the past five months amid his prolonged hospitalization, an index by an international news agency showed on April 8. According to...
[THE INVESTOR] The defense team of Samsung Electronics heir and Vice Chairman Lee Jae-yong is likely to try and push back his Supreme Court trial as much as possible so that the prosecution loses steam and public interest wanes, according to industry sources on April 6. “Lee’s attorneys wil...
[THE INVESTOR] Mirae Asset Financial Group Chairman Park Hyeon-joo has once again donated his annual dividends to charity, the company said on April 2. Shareholders agreed on dividends of 1.6 billion won (US$1.5 million) for Park for the fiscal year 2017. The chairman will be donating the entir...
[THE INVESTOR] To drive another successful 50 years, South Korean steel giant Posco will seek new business opportunities in nonsteel sectors by investing in emerging technologies like lithium and biopharma, its chief said. At a meeting with Korean reporters Saturday on the occasion of the steel...
[THE INVESTOR] It’s still early to predict, but the worst may be over for DGB Financial Group now that its stubborn chairman has finally stepped down. Park In-gyu, who had defied a prosecutorial investigation for a year, resigned on March 29. This was less than a week after he stepped down as ...
[THE INVESTOR] The biggest shareholders of Korean pharmaceutical and bio companies stand to receive large dividends thanks to their strong performances last year, data showed on March 7. A total of 10 owners of biopharmaceutical companies will receive 1 billion won (US$930,000) or more in divi...
[THE INVESTOR] The heads of Korea’s top 10 business conglomerates received a combined 540.5 billion won (US$500.9 million) in dividend payments in 2017, up sharply from a year earlier, a local business research firm said on Feb. 18. The total given to the businessmen surged 31.9 percent, ...
[THE INVESTOR] In his New Year’s speech, Hyosung Chairman and CEO Cho Hyun-joon urged the employees to focus on clients and the market, secure world-class technical competitiveness, and practice responsible management, the company said on Jan. 29. During a meeting with the employees to mark the ...
[THE INVESTOR] The head of a biotech venture firm has emerged as the fourth-richest man in stock holdings in Korea, industry data showed on Jan. 7. The value of stocks held by Seo Jung-jin, chairman of biopharmaceutical firm Celltrion Inc., rose to 5.39 trillion won (US$5.06 billion) as of Jan 5,...
[ THE INVESTOR ] Hyundai Motor Group promoted Albert Biermann, vice president of the carmaker’s performance development division, to a president post, recognizing his role in enhancing the driving dynamics of its luxury brand Genesis on par with other premium carmakers, the company said on Jan. ...
[ THE INVESTOR ] South Korean video game giant Nexon Korea said on Jan. 5 that it has tapped Lee Jung-hun, its Vice President of Business, to lead the company as its new CEO. Lee is slated to assume his new position this month, following board approval and related procedures. He will replace ...
[THE INVESTOR] The founder of Korea’s leading food firm Pulmuone announced on Jan. 2 that he is stepping down to make way for a “professional CEO” in order to better manage the company. “Owner management can be better than professional management for unlisted companies, but listed firms shoul...
[ THE INVESTOR ] On Dec.27, the prosecution upheld its original 12-year sentence for Samsung Vice Chairman Lee Jae-yong on appeal after a lower court sentenced him to five years for bribing former President Park Geun-hye. The Seoul Supreme Court is expected to give its final ruling in February. ...
[THE INVESTOR] Korea’s largest cryptocurrency exchange Bithumb on Dec. 27 named Jeon Soo-yong, former vice chairman of NHN Entertainment, one of the nation’s top online game makers, as its new CEO. Jeon is an industry veteran who worked for diverse fintech firms such as Mobilians and Inicis b...
Woori Bank highlights efficiency, compliance in reshuffle
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