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The chiefs of South Korea’s four largest conglomerates, Samsung, SK, Hyundai Motor and LG, are set to visit India and Vietnam next week as part of a business delegataion accompanying President Lee Jae Myung’s visit to the two countries. According to industry sources Friday, the list of attendees for the India and Vietnam delegations has been finalized. The Federation of Koran Industries will organize the India leg, while the Korea Chamber of Commerce and Industry oversees the Vietnam mission. Bo
SK Group said Tuesday it has used AI to recreate the voices and likeness of its founding leaders in a five-minute video shared with employees, as the conglomerate celebrates its 73rd anniversary. The video, which began screening Monday on a media wall at the group’s Seoul headquarters and across internal channels, weaves together quotes and business annecdotes based on archival materials from the late founder Chey Jong-gun and his successor Chey Jong-hyon. Beginning with the reconstruction of Su
Hyundai Motor Group Executive Chair Chung Euisun underlined the US as the carmaker’s critical market, pledging to follow through on plans to invest $26 billion in the country by 2028 even as geopolitical uncertainty continues. In an interview with US-based media outlet Semafor published Monday, Chung laid out the group's strategic priorities, including its focus on the American market and long-term ambitions in robotics, physical artificial intelligence and hydrogen. Chung is a member of the Glo
Kim Dong-won’s place in Hanwha Group’s succession story has become clearer over the past year, even if it remains distinct from that of his brothers. Rather than competing for the group’s industrial center of gravity, the 40-year-old president and chief global officer of Hanwha Life Insurance is carving out a lane of his own through finance. That lane may be narrower, but it is hardly small. Hanwha Life sits at the center of what the group presents as Hanwha Finance, linking the insurer with Han
Shinhan Financial Group will step up its global expansion after surpassing 1 trillion won ($675 million) in overseas pre-tax profit last year, Chairman and CEO Jin Ok-dong said in a shareholder letter released Thursday. “Last year, Shinhan Financial achieved a highly meaningful milestone in Korea's finance history by surpassing 1 trillion won in pre-tax profit from its global network,” Jin wrote. The figure accounted for 16.6 percent of the group’s total earnings, underscoring that its overseas
"Architecture becomes even more important in the online era." Seemingly far removed from architecture, the remark by Hyundai Card CEO and Vice Chair Chung Tae-young -- a 23-year veteran of the finance industry and an entrepreneur -- at a rare open lecture at Seoul National University’s architecture department on Tuesday was not merely a reassurance for students anxious about their careers, but a precise expression of the management philosophy that underpins the way he runs Hyundai Card. For Chun
LG Group Chairman Koo Kwang-mo is stepping up the conglomerate’s artificial intelligence transformation strategy, holding back-to-back meetings with leading AI companies in Silicon Valley to sharpen execution and define priorities in emerging AI fields. LG said Tuesday that Koo met executives from Palantir Technologies and Skild AI on Thursday in Silicon Valley, discussing ways to accelerate LG’s AI transformation, or AX. The trip is widely seen as an effort to clarify LG’s commercialization roa
Mirae Asset Financial Group founder and Chairman Park Hyeon-joo will donate his entire 2025 dividend payout from Mirae Asset Global Investments, valued at roughly 1.6 billion won ($1.06 million), to support talent development, the group announced Monday. Park has donated his entire dividend income from the asset manager since 2010 in line with a pledge to use the funds for younger generations. The latest donation brings his total contributions to 34.7 billion won. Mirae Asset Park Hyeon Joo Foun
The family of late Samsung Electronics Chairman Lee Kun-hee is set to complete payment of 12 trillion won ($8 billion) in inheritance taxes this month, lifting a major financial burden for South Korea's largest conglomerate. According to industry sources on Sunday, Samsung Electronics Chairman Lee Jae-yong and other family members — including his mother Hong Ra-hee and sisters Lee Boo-jin and Lee Seo-hyun — will make the final installment, concluding a five-year plan to settle one of the largest
SK Networks has brought back former CEO and Chairman Choi Shin-won in an advisory role. The decision to appoint him as honorary chairman was approved by the board Thursday, SK Networks said Friday. Choi will serve as a management mentor, advising on mid- to long-term strategy and exploring ways to create synergies across the company’s businesses. He is also expected to help reinforce the firm’s corporate culture based on SKMS, or SK Management System, while sharing its core values with employees
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