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[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-...
[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...
[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...
[ 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 ...
[ 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...
[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...
[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...
[ 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...
[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...
[ 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...
[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’...
[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...
[ 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...
[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...
[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 ...
Fractional art market opens up to lure new investors
Hanwha sets W1.4tr goal in battery equipment sales by 2027
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Generational shift looms in SK leadership
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Incheon Airport traffic nears pre-pandemic levels
[Hello Indonesia] Korea, Indonesia’s exchanges highlighted at talk session
EcoPro, Samsung SDI clinch W44tr cathode supply deal