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The Korea Herald

The Boardroom

October 16, 2017
Can Lee Jae-yong control Samsung from behind bars?

[ THE INVESTOR ] With the resignation of Samsung Electronics’ practical commander-in-chief Kwon Oh-hyun on Oct. 13 signaling large-scale personnel reshuffle, eyes are zeroing in on jailed heir to the group Lee Jae-yong, and how possible it would be for him to strategize, control and direct futur...
October 16, 2017
Police seek arrest of Korean Air chief

[ THE INVESTOR ] Police requested an arrest warrant for the chief of Korea’s top airline on Oct. 16 for allegedly misappropriating company funds for home renovation. Cho Yang-ho, CEO of Korean Air Lines and chairman of Hanjin Group, is under investigation over suspicion that he siphoned off 3 b...
October 16, 2017
KT chairman meets Elon Musk

[ THE INVESTOR ] KT Chairman Hwang Chang-kyu met with Elon Musk, CEO of Space X and Tesla, on Oct. 12 to discuss cooperation in launching a communication satellite and autonomous vehicles. According to the Korean telco, Hwang visited the Space X headquarters in California, US, to meet Musk and c...
October 13, 2017
Hanmi scions top underage stock rich list

[THE INVESTOR] Hanmi Pharmaceutical Chairman Lim Sung-ki’s seven underage grandchildren topped the nation’s youngest stock rich list, according to data from Korea Exchange on Oct. 13. The Hanmi scions, aged between nine and 14, each held more than 60 billion won (US$53 million) worth stocks in ...
October 12, 2017
Top financial officials to face grilling at audit

[ THE INVESTOR ] With parliamentary audit sessions entering full-swing, the financial circle is bracing for tough weeks ahead, especially those involved in alleged irregularities in granting an internet-only bank’s license. During the three-week audit period, a total of 19 high-profile financia...
October 12, 2017
Appeal trial of Samsung’s Lee begins

[ THE INVESTOR ] Samsung Group’s de facto chief Lee Jae-yong, who was convicted of bribing ousted President Park Geun-hye, and state prosecutors clashed on Oct. 12 over the validity of a former presidential aide’s notebook as evidence during the first hearing by an appeals court. The notebook ...
October 09, 2017
Samsung stock surge a boon to Lee family

[THE INVESTOR] Common stocks of firms under South Korea’s largest conglomerate Samsung saw a combined 111.5 trillion won ($97.3 billion) gain in asset value this year, not only spearheading the rally of the local stock market but also awarding 6 trillion won in stock value increase to members of ...
October 01, 2017
Lotte begins new governance under holding company

[ THE INVESTOR ] Retail giant Lotte officially launched its new holding company Sunday, changing its governance system to strengthen Chairman Shin Dong-bin‘s control of the group and simplify its web of complex cross-holdings. The plan to create Lotte Corporation, the holding company, was annou...
September 27, 2017
Companies’ entertainment expenses drop 15% after anti-graft law

[ THE INVESTOR ] South Korean companies spent 15 percent less on entertainment in the first half of this year compared to the same period last year, a study on the impact of the anti-graft law showed on Sept. 27. Marking the first year of the “Kim Young-ran law,” which came into effect on Sept...
September 27, 2017
[EXCLUSIVE] Former Alipay Korea chief to helm Bithumb

[ THE INVESTOR ] Jung Won-shik, former country manager of Alipay Korea, has become the new chief executive of BTC Korea, the operator of South Korea’s largest cryptocurrency exchange Bithumb, a source familiar with the matter told The Korea Herald on Sept. 26. “(Jung) had been scouted as CEO o...
September 26, 2017
Kumho Asiana chief gives up claim to Kumho Tire

[ THE INVESTOR ] Kumho Asiana Chairman Park Sam-koo has given up his executive position and his right of first refusal regarding Kumho Tire, according to Kumho Tire’s main creditor Korea Development Bank on Sept. 26. “Chairman Park has decided to resign from his management position and give up...
September 26, 2017
Bluehole founder named head of presidential committee

[THE INVESTOR] Chang Byung-gyu, founder of game developer Bluehole Studio, best known for the popular video game “Playerunknown’s Battlegrounds,” on Sept. 25 was named as chairman of the presidential Fourth Industrial Revolution Committee. The committee, under direct control of President Moon ...
September 22, 2017
Dongbu chairman steps down on sexual assault charges

[ THE INVESTOR ] Dongbu Group Chairman Kim Jun-ki resigned on Sept. 21 following accusations that he sexually harassed his secretary. He has been leading the group for 48 years since its foundation in 1959. “I apologize to shareholders, investors, customers, and employees of Dongbu Group. As my...
September 21, 2017
Top exec of KAI commits suicide

[ THE INVESTOR ] A senior official at Korea Aerospace Industries was found dead on Sept. 21 in an apparent suicide, police said, amid a widening probe into an array of suspected irregularities at the aircraft maker. Police said Kim In-sik, KAI vice president in charge of overseas business, was f...
September 20, 2017
Ex-KAI head detained by prosecutors

[ THE INVESTOR ] A former chief of Korea Aerospace Industries has been detained for questioning in a major corruption scandal, prosecutors said on Sept. 20. The Seoul Central District Prosecutors’ Office took custody of Ha Seong-yong, former CEO of the nation’s sole aircraft manufacturer, on c...

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