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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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[CHAEBOL EXPENSES] Top 10 chaebol spent over W30tr on entertainment expenses
[THE INVESTOR] South Korea’s top 10 conglomerates spent 31.3 trillion won (US$28.3 billion) on entertainment expenses from 2012 to 2015, according to research from Herald Business and The Investor. The firms -- Samsung, Hyundai Motor, SK, LG, Lotte, GS, Hanwha, Hyundai Heavy Industries, Hanjin and Doosan -- spent an average 7.57 trillion won a year for accounts set aside for entertainment purposes or miscellaneous spending. The miscellaneous account is not always used for entertainment purposes,
Aug. 18, 2016
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SK Group vice chairman released on parole
[THE INVESTOR] SK Group vice chairman Chey Jae-won was released from prison on parole on July 29. Chey was imprisoned along with his brother SK Group chairman Chey Tae-won in February 2014 for embezzling 45 billion won (US$40 million) from the company. "The economy is struggling, and (I) will add (my) small effort to revive the economy and creating jobs," Chey said. SK Group Chey Jae-won bows as he is released on parole on July 29. Chey was imprisoned along with his brother SK Group chairman Ch
July 29, 2016