Insight | BusinessKorea

Monday, December 11, 2017

Insight

From the left are SK Group chairman Chey Tae-won and his wife Roh So-yeong, director of Nabi Art Center.
Personal Petition
6 July 2017 - 2:45pm
It has been found that Roh So-yeong, wife of SK Group chairman Chey Tae-won, sent then President Park Geun-hye a letter telling Park her intention to take issue with a presidential pardon for her...
Korea’s service deficit with the United States last year inflated for the second consecutive year after climbing to US$14.09 billion in 2015.
Other Side of Coin
21 June 2017 - 11:45am
South Korea’s service trade deficit with the United States increased to its record level in 2016. According to "the international balance of payments by region (provisional) in 2016" released by the...
Secondary Sales
20 June 2017 - 4:00pm
StubHub, the world’s largest ticket marketplace, today published the results of a consumer survey it commissioned that asked 2,000 Koreans about their perceptions of secondary ticketing. The survey...
Booyoung Group chairman Lee Joong-keun
First Target for Chaebol Reform
19 June 2017 - 12:30pm
Korea Fair Trade Commission (KFTC) prosecuted Booyoung Group chairman Lee Joong-keun on June 18 for having tampered, for over 10 years, with data on the group’s subsidiaries required to be submitted...
Citibank Korea decided to cut back on its branches 80% beginning in July of this year.
Massive Branch Shutdown
15 June 2017 - 5:15pm
A conflict between the labor and the management at Citibank Korea is spreading like wildfire, giving rise to a legal battle.   As Citibank Korea decided to cut back on its branches 80% beginning in...
The Korea Fair Trade Commission (KFTC) will look into first which companies should be designated as large business group subject to the comprehensive supervision.
Financial Supervision
30 May 2017 - 11:45am
The introduction of comprehensive supervision of financial conglomerates is picking up speed in South Korea. Under the circumstances, much attention is being paid to which companies will be subject...
There are concerns over the effectiveness of the new measures to handle household debts, which exclude interest rates and real estate issues.
Concerns over Effectiveness
29 May 2017 - 6:15pm
South Korea has failed to reduce household debt for six years. Accordingly, the new government is preparing for a two track strategy consisting of an increase in laborers' income and welfare in order...
Korea University professor Jang Ha-sung, who has been nominated as Presidential Senior Advisor for Policy Affairs on May 21
Acceleration of Economic Reform
22 May 2017 - 11:15am
On May 21, South Korean President Moon Jae-in nominated Ajou University president Kim Dong-yeon as Deputy Prime Minister for Economic Affairs and Minister of Strategy & Finance and Korea...
Acting head of KCTU Choi Jong-jin (right in the picture) speaking at a press conference in Seoul on May 12
Another Challenge
15 May 2017 - 11:30am
Trade unions in South Korea are demanding new labor-management relations under the new government. The Korean Confederation of Trade Unions (KCTU) is even calling for direct negotiations between...
The prosecution decided to indict Lotte Group chairman Shin Dong-bin and not to indict SK Group chairman Chey Tae-won with regard to bribery allegations against former President Park Geun-hye.
Contrasting Decisions
18 April 2017 - 2:30pm
The prosecution decided to indict Lotte Group chairman Shin Dong-bin and not to indict SK Group chairman Chey Tae-won with regard to bribery allegations against former President Park Geun-hye. These...
Samsung changed the name of Samsung Creative Economy Complex in Daegu to Samsung Creative Campus in February this year.
Fading into History
17 March 2017 - 11:00am
As President Park Geun-hye was forced out of office due to the Choi Soon-sil Gate that triggered her impeachment, “creative economy,” one of the key policies promoted by former President Park Geun-...
Lotte Group chairman Shin Dong-bin (right) and SK Group chairman Chey Tae-won (left) are swearing at the National Assembly’s hearings on Dec.6, 2016 in relation with the Choi Soon-sil scandal.
Tycoons Freed from Travel Ban
8 March 2017 - 12:00pm
Overseas travel bans will be lifted probably next week for Lotte Group chairman Shin Dong-bin and SK Group chairman Chey Tae-won who were investigated over the Choi Soon-sil scandal. "At present,...

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