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The Korea Herald

The Boardroom

February 27, 2020
Hanjin Group to sell hotel assets for financial health

Hanjin KAL, the holding company of airline-to-logistics conglomerate Hanjin Group, said Thursday it was looking to sell its non-core hotel assets to improve its financial health and shareholder value. Hanjin KAL said invitations to bid for the assets had been sent to 12 firms including real estat...
February 24, 2020
Delta hikes stake in Hanjin KAL in support of chairman

Delta Air Lines, the third-largest shareholder of Hanjin KAL which owns Korean Air, has bought 1 percent additional stake to support Hanjin Group Chairman Cho Won-tae, industry sources said on Feb. 24. The US air carrier reportedly bought 114 shares of Hanjin KAL stake on Thursday and Friday ...
February 18, 2020
Anti-chairman coalition falters at Hanjin with withdrawal from director candidate

Kim Chi-hoon, a former Korean Air executive director who was proposed as one of the inside directors for Hanjin Group, said Tuesday he was voluntarily resigning from the candidacy. His withdrawal deals a blow to a coalition formed by Hanjin Group heiress Cho Hyun-ah to counter her brother, Chairman...
August 12, 2019
Kolmar Korea under pressure despite swift risk management

Despite the chairman's apology and resignation for showing a controversial far-right video to employees, shares of Korea Kolmar, a cosmetics and health care company, continued to fall on Aug. 12 as consumers turned their back on its products. On Aug. 11, just two days after the media reported that...
August 11, 2019
Kolmar Korea president resigns, apologizes for controversial video

Yoon Dong-han, president of cosmetics and health care goods manufacturer Kolmar Korea, apologized and resigned on Aug. 11 after showing a controversial video praising Japan to employees last week. During a press conference at Kolmar Korea’s headquarters in Seoul, Yoon said he deeply regretted hi...
August 09, 2019
Kolmar Korea shares plunge amid criticism over president’s behavior

Kolmar Korea , a cosmetics and health care company based in Seoul, appears to have been hit by criticism of the company’s chairman for sharing a controversial YouTube video with employees. Shares of Kospi-listed Kolmar Korea and its holding company Kolmar Korea Holdings plunged more than 5 perce...
August 01, 2019
S.M. Entertainment effectively rejects merger call, stock price dips

S.M. Entertainment on July 31 effectively refused to merge with Like Agency, a private business entity owned by Executive Producer Lee Soo-man, in its latest response to activist shareholders’ call to improve corporate value. The remarks left shareholders dissatisfied, causing its stock price to...
July 30, 2019
SM under pressure to answer activist shareholders

South Korean entertainment powerhouse SM Entertainment is under pressure to answer demands to improve shareholders’ value by the July 31 deadline. Korea Investment Value Asset Management on July 30 warned that the company will take action if SM’s response is insufficient. “So far, SM is showin...
April 04, 2019
Korean Air chairman’s severance pay excessive: civil activists

Civil activists have vowed to prevent the troubled chief of Korean Air from getting paid billions of won worth severance pay should he leave his post as chairman. Cho Yang-ho, who was ousted from the board of directors on March 27 during a shareholders meeting, heads Hanjin Group which includes th...
April 02, 2019
FSS data lists South Korea’s most-paid execs

Retiring executives -- whether they are members of conglomerates owned by families or professional mangers -- were paid most generously last year, according to data from the country’s financial watchdog Financial Supervisory Service on April 2. Some of the scandal-ridden chiefs took nothing home,...
March 27, 2019
Market welcomes Korean Air CEO Cho Yang-ho’s removal from board seat

Korean Air Chairman Cho Yang-ho’s ouster from the company’s board of directors on March 27 boosted investor confidence, as reflected in the share prices of the airline and its holding company. Almost 36 percent of shareholders who attended the general meeting on March 27 voted against the reapp...
January 28, 2019
Over 100 chaebol scions under 50 serve as execs

[THE INVESTOR] More than 100 members of Korea’s major conglomerate owner families under the age of 50 are serving as executives, with three heading their groups, a corporate tracker said on Jan. 28. A total of 130 members of the nation’s 200 leading conglomerate owner families who were born ...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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