'Geunhyenomics,' or the lack thereof

The Korea Herald > Business > Management

21 Korean firms incorporated into DJSI World

A total of 21 domestic companies were incorporated into the Dow Jones Sustainability World Index, according to the Korea Productivity Center. The Dow Jones Sustainability Indices ― a group of 14 indi...

Updated : 2016.01.21 19:42

Korean conglomerates backtracking on responsible governance commitment

South Korea's big businesses are backtracking on their responsible governance obligations, a report by the country's antitrust watchdog showed Wednesday.According to the Fair Trade Commission, the percentage of owners or immediate kin who are listed as members of the board at affiliates of...

Updated : 2015.12.23 15:46

CJ head appeals to top court again against corporate crime conviction

The chairman of food and entertainment conglomerate CJ Group filed an appeal to the nation's top court, for the second time, on Tuesday to try to avoid the 30-month jail term he received last week.Lee Jay-hyun, who has been convicted of embezzlement, breach of trust and tax evasion, brough...

Updated : 2015.12.22 16:37

Six conglomerates fined for regulatory filing violations

South Korea's antitrust watchdog said Tuesday it has slapped a combined 1.54 billion won ($1.3 million) fine on six conglomerates for breaking regulatory filing rules as the country moves to better protect the rights of shareholders.The action by the Fair Trade Commission comes after a thr...

Updated : 2015.12.22 14:31

Hotel Lotte mulls employee stock ownership plan

South Korean retail giant Lotte's hotel unit has been working on an employee stock ownership scheme as part of preparations to list its stocks on the Seoul bourse, company officials said Sunday. Hotel Lotte, a unit of South Korea's fifth-largest conglomerate Lotte Group, plans to submit an...

Updated : 2015.12.06 16:46

All public firms agree to adopt wage peak system

All of South Korea's public corporations have agreed to adopt the wage peak system, which delays the mandatory retirement age in return for lower wages as part of labor reform measures, the finance ministry said Sunday.The wage peak system calls for the retirement age of workers to be push...

Updated : 2015.12.06 15:14

Samsung's new mobile chief seeks stability over change

Samsung Electronics Co.'s new leader for its flagship mobile business said Wednesday he will not seek an all-out reshuffle of the business, but instead seek stability.The remark came after Koh Dong-jin, who was previously in charge of the mobile research and development, was named to head ...

Updated : 2015.12.02 11:29

Samsung names new head for mobile business

South Korea's top conglomerate Samsung Group on Tuesday appointed a new head for its flagship mobile business, which is struggling with falling margins amid rising competition from low-end smartphone makers and Apple Inc.Under its annual executive-level reshuffle, Koh Dong-jin, who was pre...

Updated : 2015.12.01 10:37

CJ head again seeks custody suspension for hospital treatment

The chairman of food and entertainment conglomerate CJ Group, who is currently under retrial, has requested a suspension of execution of his three-year jail term, citing the need for medical treatment, officials said Wednesday. Lee Jay-hyun has asked the Seoul High Court for another extens...

Updated : 2015.11.12 09:03

Korean office culture negative: survey

A recent survey showed that many Korean workers hold negative views about the local office culture.Job Korea, a Seoul-based job-hunting portal, said today that 48.7 percent of the 604 employees it surveyed said they considered the Korean corporate culture to be negative.  Out of the 48.7 ...

Updated : 2015.11.10 17:28

10-year jail term sought for Hyosung chairman over tax evasion, embezzlement

Prosecutors sought a 10-year jail term on Monday for a business tycoon accused of creating slush funds and evading taxes of over 800 billion won ($690 million) in total.Prosecutors demanded the sentence at a trial at the Seoul Central District Court against Cho Suck-rai, chairman of conglo...

Updated : 2015.11.10 09:49

Lotte founder's first son wants compromise in sibling rivalry

Shin Dong-joo, the Lotte Group founder's oldest son, said Wednesday that he wants things to return to how they were before the sibling squabble erupted over control of the conglomerate, proposing a compromise with his younger brother to end the nasty power struggle.Lotte, the country's fif...

Updated : 2015.10.21 15:57

Conglomerates' wealth transfer to younger generations accelerating: data

Wealth transfers to succeeding generations in South Korea's family-controlled conglomerates have increased sharply on the back of accelerating management transfers, data showed Wednesday.The younger generations in the country's top 25 business groups took up 41.7 percent of stock assets he...

Updated : 2015.09.09 08:55

Korea Forest Service adds to urban greenery

By cities, the area of urban living forest per capita stood at only 4.35 square meters for Seoul, 5.29 square meters for Gyeonggi Province and 5.95 square meters for Incheon. This is far lower than Lo...

Updated : 2015.08.27 20:45

Prosecutors raid defense firm, research center over alleged corruption

Prosecutors said Tuesday they have raided the offices of a defense company and a state defense agency suspected of making illegal deals in the trade of defense equipment.The Seoul Central District Prosecutors' Office said LIG Nex1 provided defective equipment used to assess the performance...

Updated : 2015.08.25 15:53