The Korea Herald

Mirae Asset chief sees future in real estate, tourism

Aug 10, 2016

[ THE INVESTOR ] Mirae Asset Group will inject up to 2 trillion won (US$1.81 billion) into developing tourism infrastructure, Chairman Park Hyeon-joo said on Aug. 9. Speaking to a local daily ...
Chaebol urged to ensure transparent succession

Aug 8, 2016

[ THE INVESTOR ] A listed company’s board of directors should draw up policies for leadership succession to improve transparency, the Corporate Governance Service said in new guidelines issued on A...
Lee Kun-hee’s assets gain 1.2 trillion won since beginning of year

Jul 31, 2016

[ THE INVESTOR ] Samsung Electronics chairman Lee Kun-hee and his wife Hong Ra-hee’s stock assets have risen more than 1.6 trillion won (US$ 1.44 billion) this year, industry data showed on Jul...
Lotte founder’s daughter to be indicted

Jul 22, 2016

[ THE INVESTOR ] Shin Young-ja, daughter of Lotte Group founder Shin Kyuk-ho and head of Lotte Foundation, is to be indicted on charges of bribery and embezzlement. Shin Young-ja According to rep...
CJ chairman given 3-month reprieve from prison

Jul 22, 2016

[ THE INVESTOR ] CJ Group chairman Lee Jay-hyun has been granted another three-month stay on his prison sentence. The Seoul Central District Prosecutors Office said on July 22 that Lee’s sente...
CJ chairman drops reappeal seeking for Aug. 15 presidential pardon

Jul 19, 2016

[ THE INVESTOR ] CJ Group chairman Lee Jay-hyun has decided to drop the reappeal in his embezzlement case in an apparent bid to be included in the special presidential pardon. According to repo...
CJ Group chairman’s half-brother seeks ‘stern judgment’

Jul 13, 2016

[ THE INVESTOR ] Lee Jay-hwi, CJ Group chairman Lee Jay-hyun ’s half-brother, on July 12 petitioned the Supreme Court to judge the latter sternly. Jay-hwi is late CJ Group honorary chairman Le...
Kumho’s family feud continues

Jul 12, 2016

[ THE INVESTOR ] The legal battle between Kumho companies continues with Kumho Petrochemical appealing the court decision that sided with Kumho Asiana Group. According to industry sources, Park ...
Planned presidential pardon sparks concerns of leniency on corporate crimes

Jul 11, 2016

[THE INVESTOR] President Park Geun-hye’s plans to issue special presidential pardons is sparking speculation that top executives of some of South Korea’s largest conglomerates may be freed. While fu...
Law revision may force Hyundai family to further cut stakes

Jul 7, 2016

[THE INVESTOR] The minor opposition People’s Party is seeking to tighten regulations on large companies with revised fair trade and tax laws. On July 7, People’s Party’s policy chief Rep. Kim Song-s...
Number of South Korean ultrarich on the rise

Jul 7, 2016

[THE INVESTOR] Korea is now home to 211,000 people whose financial assets exceed 1 billion won (US$860,000) as of end-2015, a 16 percent increase from the previous year, a new study shows. According...
[DECODED: NAVER] Naver’s Lee Hae-jin faces new challenges with LINE

Jun 27, 2016

[THE INVESTOR] Naver ’s chairman Lee Hae-jin is something of an enigma in Korea’s corporate community. Unlike other businesspeople who are household names, Lee remains mostly out of the public ey...
CJ Group siblings sued by half-sibling

Jun 23, 2016

[THE INVESTOR] CJ Group chairman Lee Jae-hyun is being sued by a half-sibling born to his father out of wedlock, Seoul Central District Court revealed on June 23. The plaintiff was born to late C...
Kumho Asiana chief takes first win in battle with brother

Jun 23, 2016

[THE INVESTOR] The first round of the legal battle between Kumho companies has gone to Kumho Asiana Group chairman Park Sam-koo. On June 23, the Seoul Central District Court sided with Park in the...
NXC chairman to be questioned by prosecutors

Jun 20, 2016

[THE INVESTOR] Kim Jung-ju of NXC Inc., the holding firm of games maker Nexon, is to be questioned by the authorities in connection with the scandal surrounding senior prosecutor Jin Kyung-jun. Ac...