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The Korea Herald

The Boardroom

September 19, 2017
Corruption scandal shakes up KAI’s vision

[ THE INVESTOR ] Until last year, Korea Aerospace Industries, the nation’s sole aircraft manufacturer, was riding high on the expectation of its increased entries into foreign markets with homegrown choppers and jets. Speaking proudly of KAI’s fast technological advancement, then-CEO Ha Sung-y...
September 19, 2017
Rockefeller highlights Asia Society’s mission, growing influence

[THE INVESTOR] North Korean missiles could not keep Charles Rockefeller, grandson of Asia Society founder John D. Rockefeller III, from the organization’s celebration of the 10th anniversary of its Korean chapter. “Based on the media I was consuming, I should have considered not coming on th...
September 19, 2017
Korean Air chief summoned on embezzlement charges

[THE INVESTOR] Hanjin Group Chairman Cho Yang-ho appeared before police investigators on Sept. 19 to face questioning over his alleged misappropriation of company funds. Cho, who is also chairman of Korean Air, the nation's largest air carrier, showed up at the National Police Agency in Seoul as ...
September 18, 2017
Hyundai appoints new US chief to tackle slumping sales

[THE INVESTOR] Hyundai Motor, Korea’s largest carmaker, has appointed a new head for its US affiliate to tackle slumping sales in its all-important market. Lee Kyung-soo, 61, will assume the post of president and CEO of Hyundai Motor America from Sept. 18 (local time), a role that had been vacan...
September 18, 2017
Samsung chairman made IOC honorary member

[ THE INVESTOR ] Samsung Group Chairman Lee Kun-hee was named as an honorary member of the International Olympic Committee on Sept. 16. The IOC made an announcement at the 131st general assembly meeting in Lima, Peru, that two former IOC members, including Lee and Norwegian industrialist Gerhard...
September 14, 2017
Ex-BMW designer joins Kia as style head

[THE INVESTOR] Kia Motors on Sept. 14 said it has hired Pierre Leclercq, a former designer at BMW’s M brand and Great Wall Motor, to head styling at Korea’s second largest carmaker. The 45-year-old will start his new job by the month-end as executive director overseeing styling in Korea, along...
September 12, 2017
Mr. Pizza reshuffles top management to calm public

[THE INVESTOR] Troubled Korean pizza franchise Mr. Pizza is replacing its top management, including the founder’s son, in a move to soothe public anger over its unfair treatment of franchisee owners, according to industry sources on Sept. 12. MP Group, the franchise owner, plans to hold a shareh...
September 12, 2017
Lotte scion to sell stake in key affiliates

[ THE INVESTOR ] Lotte Group founder Shin Kyuk-ho’s eldest son will sell most of his stake in key affiliates to protest the decision to set up a holding company, his representatives said on Sept. 12. Shin Dong-joo , the former vice chairman of Tokyo-based Lotte Holdings, has decided to sell ...
September 11, 2017
Top 10 groups take up bulk of H1 operating income

[ THE INVESTOR ] Units of Korea’s top 10 family-controlled conglomerates contributed nearly 60 percent to the first-half operating income of all listed companies, data showed on Sept. 11. The combined operating income of 91 listed companies belonging to the leading business groups soared 72.1 p...
September 08, 2017
Tongyang Life appoints Chinese co-CEO

[THE INVESTOR] Tongyang Life Insurance, owned by China’s Anbang Insurance Group, said on Sept. 8 it has appointed Vice President and COO Luo Jianrong as co-CEO. This is the first time that a Chinese has taken a leadership position at the insurer since it was acquired by Anbang in 2015. Before j...
September 04, 2017
Naver regretful of FTC’s designation of Lee Hae-jin as ‘owner’

[ THE INVESTOR ] Naver expressed regrets on Sept. 4 over the South Korean antitrust watchdog’s decision to add the company as well as its founder Lee Hae-jin to a new corporate watch list, citing plans to review legal actions to challenge the FTC’s interpretation. South Korea’s Fair Trade C...
August 29, 2017
Lotte companies greenlight holding company structure

[ THE INVESTOR ] Shareholders of four Lotte companies approved a plan to set up a holding company on Aug. 29, in a move that is expected to tighten the grip of Chairman Shin Dong-bin as the group faces increasing internal and external difficulties. Lotte Confectionery , Lotte Shopping , Lo...
August 28, 2017
Samsung moves to soothe employee worries about heir's imprisonment

[ THE INVESTOR ] Samsung Electronics Vice Chairman Kwon Oh-hyun delivered an official statement to staff on Aug. 28 on the latest verdict on the firm’s heir-apparent Lee Jae-yong , urging workers to continue giving best efforts. “Although this situation of uncertainties is regrettable, we ...
August 24, 2017
Tension escalates over verdict to decide fate of Samsung heir

[ THE INVESTOR ] On the eve of the court’s ruling on Samsung’s de facto leader on Aug. 24, tensions mounted in South Korea’s corporate community over how the tycoon’s fate would impact the future of the world’s largest producer of smartphones and microchips. On 2:30 p.m. Aug. 25, a local co...
August 24, 2017
Court bars live coverage of Samsung heir’s trial

[ THE INVESTOR ] The Seoul Central District Court on Aug. 23 barred the live coverage of the upcoming verdict on Samsung Electronics Vice Chairman Lee Jae-yong . The court also decided not to permit the taking of still photos during the trial on Aug. 25. “Lee Jae-yong and all other defenda...

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