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The Korea Herald

The Boardroom

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. ...
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 ...
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 shoul...
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. ...
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 b...
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 hospital...
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 f...
December 21, 2017
Ex-Kakao CEO named to lead Upbit operator Dunamu

[THE INVESTOR] Fintech firm Dunamu on Dec. 21 named former Kakao chief Lee Suk-woo as the new CEO to lead its operations. Lee will be officially appointed at an extraordinary meeting of shareholders and board of directors on Dec. 29. Dunamu founder and CEO Song Chi-hyung will become chairman of ...
December 17, 2017
Court to rule on corporate crime allegations against Lotte chief

[THE INVESTOR] A Seoul court is set to hand down its verdict on the head of South Korean retail giant Lotte this week over a string of alleged irregularities in the management of the business group, industry and legal sources said on Dec. 16. Lotte Group Chairman Shin Dong-bin was indicted in Oc...
December 10, 2017
Samsung‘s new CEOs to discuss global strategy this week

[THE INVESTOR] Samsung Electronics is slated to hold its global strategy meeting starting from this week to share next year’s goals and strategies under the newly appointed chief executives, according to multiple sources on Dec. 10. The firm’s consumer electronics and mobile units will be chair...
December 06, 2017
Is Hyundai Motor transferring leadership to heir?

[ THE INVESTOR ] On June 4, Chung Eui-sun, the only son of Hyundai Motor Chairman Chung Mong-koo, brought himself into the public eye. Wearing jeans and a plain white T-shirt, the 47-year-old chaebol scion stood in front of an audience to introduce Hyundai’s first compact sports utility vehicle...
December 05, 2017
Ex-Samsung exec named Lock&Lock CEO

[THE INVESTOR] Korean household products manufacturer Lock&Lock on Dec. 4 named Ghim Sung-hoon, a former Samsung strategist, as its new CEO -- the first leadership reshuffle since the firm was acquired by Hong Kong-based private equity firm Affinity Equity Partners in August. Ghim served diverse ...
December 04, 2017
FTC looking to pursue charges against Hyosung Group

[ THE INVESTOR ] The Fair Trade Commission confirmed that it has decided to submit a proposal to the prosecution to investigate allegations filed against Hyosung Group CEO and former Chairman Cho Suck-rai and his eldest son, Chairman Cho Hyun-joon, over alleged misappropriation of funds. The com...
December 03, 2017
LG Electronics replaces mobile chief amid falling earnings

[THE INVESTOR] LG Electronics replaced the head of its mobile business division in a reshuffle on Nov. 30 apparently due to the falling sales of its flagship smartphones. The Korean tech giant tapped Hwang Jeong-hwan as the mobile chief, while his predecessor Cho Jun-ho, who had led the strugg...
November 29, 2017
Samsung chief’s hidden accounts to face taxation

[ THE INVESTOR ] The National Tax Service has begun reviewing the Samsung chief’s assets allegedly withdrawn from accounts opened under borrowed names, after the Finance Ministry said the accounts are subject to taxation regardless of the timeline, officials said on Nov. 29. The Finance Ministr...

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