Did SPC Group try to tame cash-hungry media outlets?
A journalist in Korean daily Kyunghyang Shinmun recently wrote an article about a Korean company. Then, the company’s senior official called the Kyunghyang CEO.
The former asked the latter to kill the...
Chairman Chey's grip on SK feared to weaken
Dec. 3 marked the 59th birthday of SK Group Chairman Chey Tae-won, who has spearheaded South Korea’s third-largest conglomerate over the past 20 years.
The 59-year-old tycoon would have been happy with many...
First son fares well; two others languish
Hanwha Group announced this week that Kim Dong-kwan had been promoted as the vice president of the conglomerate’s subsidiary, Hanwha Q Cells and Advanced Materials.
He is the eldest son of Hanwha Group Chairman...
Why SK Chairman Chey Tae-won runs risks
When SK Group founder Chey Jong-kun died of lung cancer in 1973 at the age of 47, his younger brother Chey Jong-hyon took over instead of young sons of the former.
A quarter-century later,...
Customs agency raids HDC Shilla
Hotel Shilla CEO Lee Boo-jin suffers another setback as the Korea Customs Service raided HDC Shilla Duty Free, a joint venture between the hotel operator and Hyundai Development Company (HDC).
The billionaire businesswoman, also the eldest...
Chaebol owners worry about chief prosecutor nominee
Earlier this week, South Korean President Moon Jae-in tapped Yoon Seok-youl to lead the country’s prosecution, thus causing mixed response from rival parties.
Opposition parties seem to be unhappy with the reformist prosecutor, who...
Vice Chairman Lee warns of crisis
Samsung Vice Chairman Lee Jae-yong, the de facto chief of Korea’s leading conglomerate, sounds like his bed-ridden father, Chairman Lee Kun-hee, in requesting a “sense of crisis.”
Samsung Electronics said June 16 that Vice Chairman...
Lee, Cho get suspended jail terms
It seems that not a single day goes by without Hanjin Group family members grabbing headlines. This time around, its about the mother and sister of Hanjin Chairman Cho Won-tae.
The two have been on...
Police expand propofol investigation
The police are focusing on investigations over a surgeon and two nurses of a cosmetic clinic in Seoul as they are suspected of having administered an addictive drug to Hotel Shilla CEO Lee Boo-jin.
The Seoul Metropolitan...
Youngest Cho comes back to management to make a stir
Only a day after Hanjin Group confirmed the return of Cho Hyun-min, an heiress of the conglomerate, to management positions, requests for her resignation sprang up across the board.
On June...
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Mirae Asset Securities joining forces with Hana Financial
Two corporations will cooperate in security token business
South Korea’s foremost brokerage house Mirae Asset Securities announced on June 1 that it would join hands...
