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The Korea Herald

The Boardroom

August 02, 2017
ChongKunDang chairman question over staff abuse

[ THE INVESTOR ] The chief of a major Korean drug maker was summoned by police on Aug. 2 to face questioning over allegations of verbal harassment of his chauffeurs. Rhee Jang-han, chairman of ChongKunDang Pharmaceutical , appeared at the special crime unit of the Seoul Metropolitan Police Age...
August 02, 2017
Former President Park refuses to testify in Samsung heir’s trial

[ THE INVESTOR ] Former President Park Geun-hye on Aug.2 refused to take the stand at the trial of Samsung Group Vice Chairman Lee Jae-yong, who is suspected of bribing her confidante Choi Soon-sil in return for business favors. The special counsel probing the case had requested a warrant that r...
August 01, 2017
Hanwha to regularize 850 temporary workers

[ THE INVESTOR ] Hanwha Group said on Aug. 1 that it will turn 850 temporary workers into permanent employees by the first half of next year. Group officials said each affiliate will begin work evaluations of each temporary worker from next month for a phased transfer to permanent positions. Abo...
August 01, 2017
Former SK Telecom CTO to join Deutsche Telekom

[THE INVESTOR] SK Telecom CTO Choi Jin-sung is set to join Deutsche Telecom, the largest telecom company in Europe, to push its advances in 5G network development, according to news reports on Aug. 1. Choi offered his resignation last month and is scheduled to join the German telco as vice presid...
July 30, 2017
Chaebol heads qualified for financial firm ownership, questions remain

[THE INVESTOR] The heads of South Korean conglomerates including Samsung, Hyundai Motor and Hanwha appear to have passed a qualification screening by financial authorities, which tested whether they are eligible to run or own financial arms of the group they lead. However, questions are being raise...
July 30, 2017
Celltrion founder becomes Korea’s No. 10 stock rich

[THE INVESTOR] Seo Jung-jin, the founding chairman of South Korean biopharmaceutical company Celltrion, has officially taken the 10th spot in the country’s list of stock rich billionaires, following Celltrion Healthcare’s initial public offering last Friday. Celltrion Healthcare, the sales and ...
July 30, 2017
[INTERVIEW] ‘GM not leaving Korea’

[THE INVESTOR] BUPYEONG, Gyeonggi Province -- Amid market rumors of General Motors pulling out from South Korea, the GM Korea vice president said the US automaker is here for the future, stressing the country’s role as a strategic hub. In an exclusive interview with The Korea Herald, Dale Sulliva...
July 28, 2017
Meritz Securities hires exec in 30s from Goldman Sachs

[THE INVESTOR] Korean brokerage house Meritz Securities has recently hired an executive in his 30s -- the second of its kind within the nation’s brokerage market -- to lead its new derivative business division, industry sources said on July 28. Lee Jung-hoon, 36, former executive director of Gol...
July 28, 2017
Moon highlights jobs, vision in meeting with biz leaders

[THE INVESTOR] President Moon Jae-in on July 27 held the first round of a two-day meeting with Korean corporate leaders, discussing economic policies and business issues. The meeting comes as the government and the ruling party push for a tax hike on “super large companies” and high income indi...
July 25, 2017
SK chairman files for divorce

[THE INVESTOR] SK Group Chairman Chey Tae-won has filed for divorce mediation at Seoul Family Court last week, according to media reports on July 25. He hopes to settle the family affair out of a court and keep the public attention to a minimum. Chey publicized his estrangement with Roh Soh-y...
July 25, 2017
Cafe MangoSix CEO found dead

[THE INVESTOR] Kang Hoon, CEO of local dessert café franchise MangoSix, was found dead in his house in southern Seoul, police said on July 25. His body was discovered by his subordinate in a bathroom in his house in Seocho-dong at 5:46 p.m. on July 24. No suicide note was found. Police said Kan...
July 17, 2017
Top conglomerates stingy in charity

[ THE INVESTOR ] Listed firms of the nation’s top 10 conglomerates are stingy in charity although their profits increased, industry data showed on July 17. According to the data by market researcher Chaebul.com, listed firms of the conglomerates donated 963.2 billion won (US$847.8 million) last...
July 14, 2017
ChongKunDang chairman faces flak for staff abuse

[ THE INVESTOR ] Pharmaceutical giant ChongKunDang Chairman Rhee Jang-han is facing flak for verbally abusing employees after an audio recording showing him berating a driver was made public on July 13. “I don’t understand how an idiot like you was been hired. I don’t know what your father ...
July 14, 2017
Samsung heir now 2nd richest tycoon in Korea

[ THE INVESTOR ] Amid the strong rally of tech giant Samsung Electronics ’ stock this year, Vice Chairman Lee Jae-yong has become Korea’s second wealthiest business person after his bedridden father Kun-hee, according to Chaebul.com on July 14. The value of stocks held by Samsung Group’s ow...
July 13, 2017
Hyundai Mobis hires autonomous car expert from Continental

[THE INVESTOR] Hyundai Mobis, South Korea’s biggest auto parts supplier, hired Gregory Baratoff, head of camera sensor development at Continental, as the vice president of the company’s driving assistant system development earlier this month to step up its competitiveness in autonomous driving, t...

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