Litigation plagues top conglomerate
Samsung Group is Korea’s largest conglomerate by any measure; but de facto leader Vice Chairman Lee Jae-yong must be worrying over the group’s future due to seemingly endless lawsuits.
First of all, the case involving Lee...
Samsung Chairman Lee tops the podium
What would it be like to live in the country’s most expensive residence? You cannot ask the feeling because its owner is unable to answer your question _ he cannot even stay there because...
Hanwha heir punished for drug use
One of the most-read stories of last month was about Hotel Shilla CEO Lee Boo-jin, who is accused of having taken an addictive drug of propofol, which cannot be administered for recreational purposes.
A former...
Korea's top carrier to stop serving peanuts
It seems that not a single day goes by without Korean Air making headlines. This time around, it is about peanuts, with which the country’s flag carrier has some history.
The Seoul-based company announced...
Chief executives of flag carriers suffer setbacks
Heads of Korea’s two flag carriers quit their jobs in two days _ one was ousted, and the other decided to leave the top position amid the uproar over an audit report.
Kumho-Asiana Group...
NPS flexes muscle in shareholders' meetings
After Hanjin Chairman Cho Yang-ho was ousted from the board of the group’s top affiliate Korean Air, watchers come up with analysis on who is the next victim of the National Pension Service (NPS).
The...
Hanjin chief shot himself in the foot
Hanjin Chairman Cho Yang-ho was kicked out of the boardroom of the group’s flagship unit Korean Air on March 27 as shareholders voted against his re-appointment as director.
At their meeting, 64.09 percent of...
Shareholders vote against Cho's re-appointment
Scandal-hit Hanjin Group Chairman Cho Yang-ho was forced off the boardroom of the group’s iconic subsidiary Korean Air as the company’s shareholders voted against his re-appointment as director on March 27.
In a proxy war involving...
Clinic head faces probes regarding Lee's alleged propofol abuse
The police booked the chief of a cosmetic clinic in southern Seoul, who is suspected of having administered an addictive drug to Hotel Shilla CEO Lee Boo-jin for non-medical purposes.
The Seoul...
Raid continues longer than 8 hours
The police raided a cosmetic clinic on March 23 following the news report that Hotel Shilla chief Lee Boo-jin, also Samsung Group heiress, abused an addictive drug of propofol in 2016
Police officers raided the...
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Mirea Asset tapping Choi, Rhie as CEOs
They will co-head Korea’s top asset management company
Mirae Asset Global Investments, South Korea’s foremost asset management company, announced on Nov. 23 that it had...
