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Lotte’s Shin Young-ja faces criticism for funneling company funds to her children

[THE INVESTOR] Embattled Lotte Foundation chief Shin Young-ja and her children are expected to face public scrutiny over some 4 billion won (US$3.47 million) worth of corporate funds they are suspect...

Updated : 2016.07.05 14:06

South Korean tycoons’ stock value falls

[THE INVESTOR] The majority of South Korean business tycoons saw a fall in the value of their stock assets this year, an analysis by a think tank showed on July 1. According to the think tank specia...

Updated : 2016.07.01 16:15

Sejung heiress promoted to COO

[THE INVESTOR] Sejung Group chairman Park Soon-ho’s daughter Park I-ra, 38, has been promoted to chief operating officer and executive vice president at her father’s fashion empire. According to t...

Updated : 2016.07.01 09:40

Lotte’s key finance man questioned in growing probe

Lotte Insurance chief executive Kim Hyun-soo. [THE INVESTOR] Lotte Insurance chief executive Kim Hyun-soo has been summoned for questioning in the prosecution’s probe into Lotte Group. He has been ...

Updated : 2016.06.23 18:06

Richest under 40: Koo Gwang-mo

[BORN TO BE RICH] Among South Korea's richest aged 40 years or younger, LG chairman’s the adopted son Koo Gwang-mo , 38, of LG Group is the wealthiest. His net worth is estimated at 751.8 billi...

Updated : 2016.06.22 14:10

Conglomerates selling stakes in money-making affiliates to raise funds

[THE INVESTOR] Owners of the nation’s top conglomerates are increasingly selling their stakes in various money-making affiliates to raise funds needed for participating in capital increases of other...

Updated : 2016.06.17 17:03

Divorce battle reveals unknown aspects of Samsung family

[ THE INVESTOR ] Packed with twists and turns, a divorce suit between former Samsung Electro-Mechanics executive Lim Woo-jae and his wife and Hotel Shilla president Lee Boo-jin unveiled unkno...

Updated : 2016.06.17 09:21

Top 10 chaebol owners rake in hefty dividends

[THE INVESTOR] The nation’s top 10 chaebol owners raked in hefty dividends from affiliates over the past five years, Chaebul.com, a local website that tracks chaebol, revealed on June 15. The total...

Updated : 2016.06.15 14:11

Family-controlled firms show higher profitability: report

Family-run companies were found to generate higher profitability compared to rivals, a report said on Thursday, claiming that involvement by "owner" families leads to good business results. Accordin...

Updated : 2016.03.31 14:02

Former KORAIL chief summoned over corruption in urban development project

Prosecutors summoned a former chief of Korea's rail operator Thursday on suspicions of bribery in connection to a now-scrapped urban development plan in Seoul. Huh Joon-young, who led the Korea Rail...

Updated : 2016.03.31 13:54

[Super Rich] Hyundai Corp. latest Chung family group

Leading Korean trading company Hyundai Corp. has become the latest member of the so-called Chung Ju-yung family conglomerate groups -- which include Hyundai Motor Group, Hyundai Group, Hyundai Depart...

Updated : 2016.03.29 17:13

Economic uncertainty spurs real estate investment

Despite growing global fears over economic uncertainty, cross-border direct real estate investments in major cities around the world are expected to increase this year, drawing a comparison with shak...

Updated : 2016.02.15 10:08

Lotte founder names 1st son as legitimate heir through video

Lotte Group founder's first son released a video earlier this week in which his father named him as the legitimate heir of the conglomerate, industry sources said Wednesday, amid the prolonged disput...

Updated : 2016.02.10 12:08

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 in...

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 ...

Updated : 2015.12.23 15:46