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The Korea Herald

The Boardroom

May 10, 2018
Korean Air chief quits top post at Jin Air

[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...
May 05, 2018
Prosecution rejects warrant for Korean Air's Cho Hyun-min, employees take to the streets

[THE INVESTOR] The prosecution on May 4 rejected a warrant issued by the police for the arrest of former Korean Air executive Cho Hyun-min who was recently questioned on charges of assault and business obstruction. The prosecution said there is little reason to believe Cho will try to flee or a...
May 04, 2018
We're arresting Korean Air Cho Hyun-min: police

[THE INVESTOR] The police on May 4 issued an arrest warrant for Cho Hyun-min, former Korean Air executive and daughter of the airliner chairman who allegedly assaulted an ad agency employee. She is also charged with business obstruction. Hyun-min is the younger sister of Hyun-ah, who became notor...
May 02, 2018
Netmarble added to FTC watch list

[THE INVESTOR] Three Korean companies including Netmarble Games were included on the antitrust watch list of large-sized industrial groups, the Fair Trade Commission said on May 1. The FTC also signed up Netmarble founder and Chairman Bang Jun-Hyuk as the official owner, noting that he owns a 24....
May 02, 2018
Korean Air Cho Hyun-min’s Q&A with police

[THE INVESTOR] Cho Hyun-min, former Korean Air executive and daughter of the group’s chairman was questioned on May 1 for charges including business obstruction and assault. Below is a reconstruction of her answers based on a police report. -On throwing a glass cup Cho: I asked why the ad agenc...
April 09, 2018
Samsung’s M&A push to gain steam with heir’s return

[THE INVESTOR] Samsung Electronics Vice Chairman Lee Jae-yong is coming back to management possibly this week to resume stalled merger and acquisition talks at the Korean tech giant, according to industry sources on April 9. Samsung’s large-scale M&A deals have been almost put on hold since the...
April 08, 2018
Samsung head Lee Kun-hee down 7 notches in global wealth ranking

[THE INVESTOR] Lee Kun-hee , the head of South Korea‘s largest business group Samsung, saw his ranking in the global list of billionaires decrease seven notches over the past five months amid his prolonged hospitalization, an index by an international news agency showed on April 8. According to...
April 06, 2018
Samsung’s defense team likely to angle for delayed SC trial

[THE INVESTOR] The defense team of Samsung Electronics heir and Vice Chairman Lee Jae-yong is likely to try and push back his Supreme Court trial as much as possible so that the prosecution loses steam and public interest wanes, according to industry sources on April 6. “Lee’s attorneys wil...
April 03, 2018
Mirae Asset’s Park Hyeon-joo donates dividends for 8th straight year

[THE INVESTOR] Mirae Asset Financial Group Chairman Park Hyeon-joo has once again donated his annual dividends to charity, the company said on April 2. Shareholders agreed on dividends of 1.6 billion won (US$1.5 million) for Park for the fiscal year 2017. The chairman will be donating the entir...
April 01, 2018
Steel giant Posco eyes biopharma

[THE INVESTOR] To drive another successful 50 years, South Korean steel giant Posco will seek new business opportunities in nonsteel sectors by investing in emerging technologies like lithium and biopharma, its chief said. At a meeting with Korean reporters Saturday on the occasion of the steel...
March 30, 2018
Is the worst over for DGB?

[THE INVESTOR] It’s still early to predict, but the worst may be over for DGB Financial Group now that its stubborn chairman has finally stepped down. Park In-gyu, who had defied a prosecutorial investigation for a year, resigned on March 29. This was less than a week after he stepped down as ...
March 07, 2018
Biopharma firms’ top shareholders to get high dividends

[THE INVESTOR] The biggest shareholders of Korean pharmaceutical and bio companies stand to receive large dividends thanks to their strong performances last year, data showed on March 7. A total of 10 owners of biopharmaceutical companies will receive 1 billion won (US$930,000) or more in divi...
February 18, 2018
Heads of Korea’s top 10 biz groups received W540.5b in dividend payments

[THE INVESTOR] The heads of Korea’s top 10 business conglomerates received a combined 540.5 billion won (US$500.9 million) in dividend payments in 2017, up sharply from a year earlier, a local business research firm said on Feb. 18. The total given to the businessmen surged 31.9 percent, ...
January 29, 2018
Hyosung chief Cho Hyun-joon vows tech prowess, responsible management for 2018

[THE INVESTOR] In his New Year’s speech, Hyosung Chairman and CEO Cho Hyun-joon urged the employees to focus on clients and the market, secure world-class technical competitiveness, and practice responsible management, the company said on Jan. 29. During a meeting with the employees to mark the ...
January 07, 2018
Celltrion Chairman becomes 4th-richest man in stock holdings

[THE INVESTOR] The head of a biotech venture firm has emerged as the fourth-richest man in stock holdings in Korea, industry data showed on Jan. 7. The value of stocks held by Seo Jung-jin, chairman of biopharmaceutical firm Celltrion Inc., rose to 5.39 trillion won (US$5.06 billion) as of Jan 5,...

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