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The Korea Herald > Business > Management

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. ...

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 p...

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. Hot...

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 m...

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...

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...

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 treatmen...

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 ...

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 sen...

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 c...

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 younge...

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 L...

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 ...

Updated : 2015.08.25 15:53

S. Korean women face glass ceiling in C-suite: data

More than seven out of 10 major South Korean firms have no female executives, data showed Wednesday, indicating that women here face a glass ceiling in the C-suite. As of the end of March, 73.9 perc...

Updated : 2015.07.29 10:44

Standard Chartered Korea taps 1st Korean chief

The local unit of Standard Chartered said Tuesday it has appointed the head of its retail sector as the bank president, the first Korean to take the post at the British banking group. Park Jong-bok,...

Updated : 2014.12.23 15:50