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[THE INVESTOR] Samsung Group Chairman Lee Kun-hee’s global wealth ranking rose to 37th place as of late last week, thanks to the surge in the stock value at the conglomerate’s electronic arm, a US-based financial news source said on Nov. 19. According to Bloomberg, Lee, who has been hospitalize...
[ THE INVESTOR ] GS Group Chairman Huh Chang-soo and affiliate CEOs visited India to discuss the group‘s business strategies overseas, the group said on Oct. 2. Starting in 2011, GS Group has been holding overseas meetings as a means to find future growth engines outside of Korea. This year, GS...
[THE INVESTOR] Carlyle Group, the Washington D.C.-based private equity firm, on Oct. 25 named Korean-American Kewsong Lee, along with Glenn Youngkin, as co-CEOs as its three founders are stepping back from the day-to-day business after 30 years. Lee, 51, is currently deputy chief investment offic...
[THE INVESTOR] Halla Group Chairman Chung Mong-won, 62, is resuming his position as CEO of the group’s auto parts unit Mando after a five-year-hiatus, according to the company on Oct. 25. The decision was made as part of an annual executive-level reshuffle. Chung, who had stepped down as CEO in ...
[ 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...
[ 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...
[ 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...
[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 ...
[ 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...
[ 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 ...
[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 ...
[ 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...
[ 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...
[ 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...
[ 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...
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