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The Korea Herald > Business > Management

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

[SUPER RICH] Chairman of Orion to share governing power

Family-controlled Orion Group, the nation’s second-biggest snack giant after Lotte, took a bold measure last week by dismantling the office of chairman, which had served as the control tower for the...

Updated : 2014.08.11 21:21

Ikea hopes to fit in

ALMHULT, Sweden ― At the Ikea outlet in the southern Swedish town of Almhult, Elin Stiona, a 30-year-old mother of one, was looking for kitchen tiles and a range hood for her summer house. From cupb...

Updated : 2014.06.17 21:02

Gmarket introduces SmilePay to boost payment efficiency

(Gmarket) Gmarket, the country’s largest online shopping site, has introduced a payment system that will save shoppers both time and energy. With “SmilePay,” users’ credit cards, CVC codes and ...

Updated : 2014.04.16 11:12

CJ Group’s Lee sells Korean cool as brother fights tax charge

Miky Lee, vice chairman of CJ Group, beams as she greets a visitor in the executive lounge of South Korea’s biggest purveyor of food, home-shopping services, TV programs and movies. Wearing a black t...

Updated : 2014.02.04 19:47

Korea launches world’s first mobile power ship project

(From left to right) Hyundai Heavy Industries CEO Kim Oe-hyun, Polaris Shipping chairman Han Hee-seung, KOMIPO CEO Choi Pyeong-rak and Siemens Energy Solution head Rochus Bergmann join hands after si...

Updated : 2013.12.10 19:54

Korea’s life expectancy inches up in 2012: report

The average life expectancy of babies born in 2012 rose slightly from a year earlier, a government report showed Thursday, apparently on improving medical services. Babies born last year were expect...

Updated : 2013.12.05 20:02

POSCO chairman offers to resign

Chung Joon-yang (Yonhap News) POSCO chairman and CEO Chung Joon-yang conveyed his willingness to resign to the chairman of the company’s board of directors to pave the way for new leadership, compa...

Updated : 2013.11.15 17:19

LG Electronics pushes shorter hours

Home appliance giant LG Electronics Inc. has encouraged its employees to finish their work on time as much as possible in a bid to promote work efficiency and productivity, officials said Tuesday. L...

Updated : 2013.10.22 19:55

Rich consumers spend big on pricey hobby supplies

Sales of ultra-high priced hobby supplies, including high-end cameras, are sharply increasing at local department stores, hinting that consumer sentiment is picking up, local department stores said T...

Updated : 2013.10.08 19:17
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