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[THE INVESTOR] Chang Byung-gyu, founder of game developer Bluehole Studio, best known for the popular video game “Playerunknown’s Battlegrounds,” on Sept. 25 was named as chairman of the presidential Fourth Industrial Revolution Committee. The committee, under direct control of President Moon ...
[ THE INVESTOR ] Dongbu Group Chairman Kim Jun-ki resigned on Sept. 21 following accusations that he sexually harassed his secretary. He has been leading the group for 48 years since its foundation in 1959. “I apologize to shareholders, investors, customers, and employees of Dongbu Group. As my...
[ THE INVESTOR ] A senior official at Korea Aerospace Industries was found dead on Sept. 21 in an apparent suicide, police said, amid a widening probe into an array of suspected irregularities at the aircraft maker. Police said Kim In-sik, KAI vice president in charge of overseas business, was f...
[ THE INVESTOR ] A former chief of Korea Aerospace Industries has been detained for questioning in a major corruption scandal, prosecutors said on Sept. 20. The Seoul Central District Prosecutors’ Office took custody of Ha Seong-yong, former CEO of the nation’s sole aircraft manufacturer, on c...
[ 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...
[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...
[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 ...
[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...
[ 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...
[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...
[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...
[ 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 ...
[ 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...
[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...
[ 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...
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