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The Korea Herald

The Boardroom

April 06, 2018
Samsung’s defense team likely to angle for delayed SC trial

[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 will do ev...
April 03, 2018
Mirae Asset’s Park Hyeon-joo donates dividends for 8th straight year

[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 entire am...
April 01, 2018
Steel giant Posco eyes biopharma

[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 giant...
March 30, 2018
Is the worst over for DGB?

[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 head ...
March 07, 2018
Biopharma firms’ top shareholders to get high dividends

[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 dividends...
February 18, 2018
Heads of Korea’s top 10 biz groups received W540.5b in dividend payments

　[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, or 1...
January 29, 2018
Hyosung chief Cho Hyun-joon vows tech prowess, responsible management for 2018

[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 New ...
January 07, 2018
Celltrion Chairman becomes 4th-richest man in stock holdings

[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, acc...
January 05, 2018
Hyundai promotes ex-BMW engineer to president

[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. 5. B...
January 05, 2018
Nexon Korea to tap Lee Jung-hun as new CEO

[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 ou...
January 02, 2018
Pulmuone founder steps down in favor of professional CEO

[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 should be...
December 28, 2017
Take me, not them: Samsung heir Lee Jae-yong

[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 f...
December 27, 2017
Bithumb replaces CEO amid heightened security concerns

[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 before...
December 27, 2017
Samsung chief earns W4tr from stock rally

[THE INVESTOR] Samsung Electronics Chairman Lee Kun-hee has seen the value of his stock assets rise by nearly 4 trillion won (US$3.70 billion) this year thanks to a rally of the tech giant on the local bourse, a market tracker said on Dec. 27.　According to CEO Score, Lee, who has been hospitalized ...
December 24, 2017
Lotte chief gets suspended sentence, founder gets prison term

[THE INVESTOR] Lotte Group Chairman Shin Dong-bin was on Dec.22 sentenced by a Seoul court to 20 months in prison with a two-year suspension for embezzlement and breach of trust. The Seoul Central District Court also passed down a four-year jail term to Shin‘s father and founder of Korea’s fifth-l...

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