Prosecutors keep raiding Samsung units
Employees tend to envy CEOs who can hire and fire them. Along the same line, CEOs in Korea envy tycoons who rule family-controlled conglomerates despite small direct shareholding.
Instead of shareholders, tycoons appoint and sack CEOs...
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...
Chief of Korea's top conglomerate hospitalized for six years
Samsung Group Chairman Lee Kun-hee died on Oct. 25. Samsung is South Korea’s top conglomerate of which flagship unit is Samsung Electronics, the world’s No. 1 manufacturer of smartphones and memory...
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...
Chairman Lee hae-wook facing prosecution
Daelim Industrial Group Chairman Lee Hae-wook seems to be having a rough first year as head of the construction conglomerate headquartered in Seoul.
Korea’s anti-trust watchdog said earlier this month that it was fining Daelim Industrial...
Investigation for Hotel Shilla CEO's drug use continues almost a year
If ordinary people are suspected of having taken an addictive drug for non-medical purposes in South Korea, they would be instantly summoned to the police.
That might not be...
US bizpeople asks for closer semiconductor cooperation between US and Korea
The American Chamber of Commerce in Korea (AMCHAM) said on May 20 that it asked the presidential office to release Samsung Electronics Vice Chairman Lee Jae-yong, who was imprisoned...
Can Lee Jae-yong head Samsung right away?
Released no parole early Aug. 13 after seven months behind bars, Samsung Electronics Vice Chairman Lee Jae-yong moved to the head office of the world’s largest maker of semiconductors and smartphones.
This causes controversies...
Chairman Chey will double as chair of SK Telecom
South Korea’s tech giants like Samsung and LG have been pulled out all the stops to preempt the AI market. And now, brick-and-mortar outfits like SK and Hyundai Motor also join...
Chairman Cho may have to face proxy war: watchers
Hanjin Group Chairman Cho Won-tae might have to struggle to maintain his leadership over Korea’s 13th-largest conglomerate in the face of challenges from major shareholders, including his own family.
Chairman Cho reportedly...
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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...
