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The Korea Herald

The Boardroom

November 28, 2017
Kumho Asiana chief gives up former tire unit

[THE INVESTOR] The chief of Kumho Asiana Group, an airline-to-construction conglomerate, said on Nov. 28 he won’t buy back the conglomerate’s former tire unit Kumho Tire now controlled by creditor banks. In a press conference held at its headquarters in Seoul, Kumho Asiana Chairman Park Sam-...
November 27, 2017
SK scion to be discharged from navy

[THE INVESTOR] Chey Min-jeong, second daughter of SK Group Chairman Chey Tae-won, is expected to be discharged from the Korea Navy this week, according to news reports on Nov. 27. The heiress is currently serving as commanding officer of the Korea Navy’s 3nd Fleet Headquarters, which is responsi...
November 26, 2017
LG vice chairman pledges to automate contractors’ production facilities

[THE INVESTOR] Jo Seong-jin, vice chairman and CEO of LG Electronics pledged to expand the company’s efforts to automate production facilities and to consequently enhance manufacturing competitiveness in the global market, according to officials on Nov. 26. “Capabilities at the production li...
November 24, 2017
CJ Group reshuffles top executives

[ THE INVESTOR ] CJ Group reshuffled its top executives on Nov. 24, including the top desks at food company CJ CheilJedang and CJ Corporation, in its first board shuffle since group chairman Lee Jay-hyun returned to management this May. Shin Hyun-jae, 56, who spent time at CJ O Shopping as well ...
November 24, 2017
Watchdog probes Samsung chief’s alleged borrowed name accounts

[ THE INVESTOR ] Financial authorities started to investigate financial companies in relation to the accounts under borrowed names allegedly belonging to Samsung Chairman Lee Kun-hee, an issue raised during the parliamentary audit last month. The Financial Supervisory Service on Friday said that...
November 23, 2017
Kellogg’s Korea CEO to manage HK, Taiwan biz

[THE INVESTOR] Kellogg’s Korea CEO Han Jong-kap will oversee the firm’s operations in Hong Kong and Taiwan from January, according to a local news report on Nov. 23. The Korean unit of the global cereal producer has registered 10 percent annual sales growth during the last three years, which is...
November 23, 2017
Samsung’s Silicon Valley office likely to play control tower role

[THE INVESTOR] Samsung Electronics’ Silicon Valley office is expected to play a bigger role, possibly replacing its now defunct control tower office that used to oversee strategic decisions across affiliates, according to industry sources on Nov. 23. In a recent reshuffle, the tech giant said US...
November 22, 2017
Hanwha chairman’s son under investigation for assaulting Kim & Chang lawyers

[ THE INVESTOR ] Prosecutors on Nov. 22 launched an investigation into allegations that Kim Dong-seon, the youngest son of Hanwha Group Chairman Kim Seung-yeon, assaulted and harassed attorneys of prominent law firm Kim & Chang at a gathering in Seoul in September. According to the Seoul Metropo...
November 21, 2017
Caffe Bene CEO’s home up for auction

[THE INVESTOR] Caffe Bene founder Kim Sun-kwon’s Hyundai IPark apartment in Seoul’s affluent Gangnam district, is up for auction, according to local news reports on Nov. 21. A Seoul court ordered the auction on Nov. 20 and is currently finalizing a date, said a source at Ggi Auction that specia...
November 20, 2017
[GRAPHIC NEWS] Samsung's Lee family 2nd richest in Asia

[ THE INVESTOR ] The Lee family behind the Samsung empire was ranked second on Forbes’ list of Asia’s wealthiest families, losing the top spot to the Ambanis, the family which controls the Indian conglomerate Reliance Industries. According to the annual report by the US magazine, the South Kor...
November 20, 2017
Samsung clan slips to No. 2 in Asia’s rich family list

[THE INVESTOR] The family that owns Korea’s No. 1 conglomerate Samsung Group fell a notch in the list of Asia’s richest families, data showed on Nov. 20. According to the list compiled by Forbes, the Lee family held assets estimated at US$40.8 billion this year, which puts them below India’...
November 19, 2017
Samsung chief's ranking rises among the global superrich : report

[THE INVESTOR] Samsung Group Chairman Lee Kun-hee’s global wealth ranking rose to 37th place as of late last week, thanks to the surge in the stock value at the conglomerate’s electronic arm, a US-based financial news source said on Nov. 19. According to Bloomberg, Lee, who has been hospitalize...
November 02, 2017
GS Group chairman seeks opportunities in India

[ THE INVESTOR ] GS Group Chairman Huh Chang-soo and affiliate CEOs visited India to discuss the group‘s business strategies overseas, the group said on Oct. 2. Starting in 2011, GS Group has been holding overseas meetings as a means to find future growth engines outside of Korea. This year, GS...
October 27, 2017
Carlyle names Korean-American co-CEO

[THE INVESTOR] Carlyle Group, the Washington D.C.-based private equity firm, on Oct. 25 named Korean-American Kewsong Lee, along with Glenn Youngkin, as co-CEOs as its three founders are stepping back from the day-to-day business after 30 years. Lee, 51, is currently deputy chief investment offic...
October 25, 2017
Halla chairman returns as Mando CEO

[THE INVESTOR] Halla Group Chairman Chung Mong-won, 62, is resuming his position as CEO of the group’s auto parts unit Mando after a five-year-hiatus, according to the company on Oct. 25. The decision was made as part of an annual executive-level reshuffle. Chung, who had stepped down as CEO in ...

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