Hyundai Motor heir gets rid of Elliott risk
TransportJanuary 23, 2020
The road to Hyundai Motor Group Executive Vice Chairman Chung Euisun reigning over the nation’s largest automobile giant is predicted to be less bumpy as activist hedge fund Elliott, which had put th...
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Firms scurry to scout outside directors with new regulationIndustryJanuary 23, 2020Following a recent change in regulations limiting tenures of outside directors, South Korea companies are scurrying to scout new members ahead of their general shareholders meetings in March. Citing... -
Samsung, Posco record W1tr operating profit for 2 decadesIndustryJanuary 22, 2020Samsung Electronics and Posco are the only South Korean companies to record an operating profit of 1 trillion won ($858 million) for more than 20 years, latest data showed Wednesday. A new study by ...
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Late Lotte founder’s asset inheritance unlikely to affect groupIndustryJanuary 20, 2020The demise of Lotte Group founder and Honorary Chairman Shin Kyuk-ho on Sunday has put the spotlight on the distribution of his assets amongst his kin, reportedly worth over 1 trillion won ($864 mill... -
Legendary Lotte founder passes away, leaving behind bitter sonsIndustryJanuary 19, 2020However, the era of Shin Kyuk-ho began to decline in July 2015, when his eldest son -- Shin Dong-joo, former vice chairman of Lotte Holdings in Japan, and his second son, Shin Dong-bin, chairman of L... -
Majority of big listed firms have no women on boardsIndustryJanuary 19, 2020Eight out of 10 listed Korean companies with assets of more than 2 trillion won ($1.7 billion) were found to have no women on their boards of directors, showing that the invisible barrier to top mana... -
New GS chairman asserts ‘innovation’ for 2020IndustryJanuary 14, 2020GS Group Chairman Huh Tae-soo presented “innovation” as his first management keyword since taking office last month, with the aim of expanding an open innovation culture in the conglomerate, official... -
Companies joining ‘W1tr club’ double in 2 decadesIndustryJanuary 14, 2020The number of South Korean companies with revenue of more than 1 trillion won ($867 million) has doubled over the last two decades, although the growth has slowed in recent years, latest data showed ... -
Samsung’s top executives ink compliance pledgeIndustryJanuary 13, 2020Top executives of Samsung Electronics have vowed to abide by the law ahead of the launch of an in-house anti-corruption committee, officials said Monday. The firm’s three chief executives -- Kim Ki-... -
KT&G Welfare sends 60 college volunteers to Cambodia, MyanmarIndustryJanuary 13, 2020KT&G Welfare Foundation has sent a total of 60 college student volunteers to Cambodia and Myanmar to improve the educational environment in the countries, the tobacco company said Monday. KT&G said ... -
Korean business circles welcome data deregulationIndustryJanuary 10, 2020A South Korean business association has welcomed on Friday the passage of three revised bills that ease regulations on the use of personal information. A day earlier, the National Assembly passed th... -
Samsung anti-corruption panel vows close scrutiny on management successionIndustryJanuary 9, 2020The head of Samsung’s anti-corruption committee said Thursday that the panel would look closely into a broad range of issues affecting the group, including management succession, corruption and labor... -
LG sees record high revenue but earnings dip 10%TechnologyJanuary 8, 2020LG Electronics said Wednesday its fourth-quarter operating profit is expected to have increased by more than 30 percent from a year earlier, but the performance was below analyst expectations. The an... -
![[Newsmaker] Shin Dong-bin steps down as director of Lotte E&C](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=601&simg=/content/image/2020/01/07/20200107000437_0.jpg)
[Newsmaker] Shin Dong-bin steps down as director of Lotte E&CIndustryJanuary 7, 2020Lotte Group Chairman Shin Dong-bin stepped down as an executive director of the group’s construction unit last month, according to the firm’s regulatory filing on Tuesday. Shin resigned from his pos... -
With US-Iran tension, Korea braces for oil price hikeIndustryJanuary 6, 2020Heightened tensions between the US and Iran may force South Korea to further lower its oil import reliance on the Middle East, according to industry watchers. As hostilities between the two nations ...
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