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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 t...
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, ...
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 the ...
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, b...
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 reappoin...
[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 in 19...
[THE INVESTOR] Fresh tension is brewing at Hanjin Group, which controls Korea’s largest airline, after a local activist fund made a surprise announcement last week that it has acquired a 9 percent stake in its holding firm Hanjin KAL, becoming its second-largest shareholder. The Seoul-based private...
[THE INVESTOR] The average age of CEOs leading companies under Korea’s five largest conglomerates came to 58.1 years, raising the possibility of a potential C-suite reshuffle by the year-end, according to a Seoul-based corporate tracker on Nov. 12. They include 122 chiefs of affiliates under Samsu...
[THE INVESTOR] Chiefs of South Korea’s three biggest conglomerates -- Samsung, SK and LG -- will join President Moon Jae-in’s visit to Pyongyang this week as part of the 52-member presidential business delegation for the third inter-Korean talks this year, Cheong Wa Dae confirmed on Sept.16. The ...
[THE INVESTOR] Is Jay back? That was the question on the minds of many who attended Dream Class camp, in its seventh year run by Samsung Electronics in Suwon, Gyeonggi Province. Around 1,600 middle school students on July 27 enrolled in the summer camps opened at six universities across the count...
[THE INVESTOR] The wife of SK Group Chairman Chey Tae-won came under fire on June 19 after a news report alleged that she abused and verbally assaulted her former chauffeurs. In an interview with local daily Hankyoreh, the chauffeurs claimed they were subject to frequent mistreatment and tantrums wh...
[THE INVESTOR] Kim Jung-ju, founder of Korea’s largest game developer Nexon, has vowed not to hand over control of the company to his children. “I won’t be passing down Nexon to my kids,” Kim said in a statement on May 29, the day he promised to donate at least 100 billion won (US$92.40 million)...
[THE INVESTOR] LG Group chairman Koo Bon-moo died on May 20 suffering illnesses for the past year. He was 73 years old. "The funeral will be held privately at an undisclosed location as requested by his family, and the details of the funeral will not be made public," the conglomerate said in a state...
[THE INVESTOR] The number of female executives at Korea’s top 30 conglomerates came to 3.1 percent of the total last year, a market tracker said on May 16. Among 8,835 executives of 268 affiliates belonging to the business groups, known as chaebol here, that submitted business reports last year, o...
[THE INVESTOR] Korean Air Chairman Cho Yang-ho on May 10 quit the top post in budget airliner Jin Air amid ongoing investigations into his family over a series of allegations of physical and verbal violence as well as tax evasion and smuggling.Jin Air made the announcement in a regulatory filing wi...
[Bio USA] Yposkesi’s 2nd plant to be in full swing in 2025: VP
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Hyundai chief vows to learn from past
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KB chief stresses role of finance in net-zero transition
Hyundai to produce Ioniq 5 with Indonesia’s batik design
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LS Cable & System to build Korea's largest offshore wind farm
June 09, 2023
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