Management | BusinessKorea

Saturday, January 20, 2018


Doosan Heavy Industries & Construction suffers deteriorating profitability due to the factors including the South Korean government’s nuclear phase-out policy.
Groundless Rumors?
18 January 2018 - 9:15am
On January 17, a local news outlet reported that Doosan Group is discussing the sale of Doosan Heavy Industries & Construction to focus more on Doosan Robotics and Doosan Bobcat after adjusting...
LS Group Chairman Koo Ja-yeol (right) and LS Mtron Vice Chairman Koo Ja-eun experience a smart touch air vent technology at the CES 2018 on Jan. 12
From New Prospective
16 January 2018 - 11:00am
LS Group management turned out in the world’s largest consumer technology show “CES 2018.” LS Group announced on January 15 that Chairman Koo Ja-yeol visited the CES 2018 from the 11th to 12th...
SK Holdings C&C demonstrated a chatbot loaded with Korean-language Aibril based on Watson, AI of IBM at the 'Aibril Opening Day' Event in Seoul in September of last year.
Company-wide Digital Conversion
10 January 2018 - 11:00am
SK Holdings C&C will actively promote and spread the digital conversion of all of its industrial sectors this year. According to SK Holdings C&C on January 9, SK Corp. CEO Jang Dong-hyun said...
GM Korea CEO Kaher Kazem hopes the company focus on turning our Korean business around and create a sustainable future based on profitability.
After 25 Rounds of Negotiations
10 January 2018 - 10:00am
GM Korea Co. has reached an agreement with its workers union on a wage package for the year 2017 in eight months. Its labor and management will also immediately launch discussions for a follow-on...
Samsung Electronics Co. has been excluded from the MSCI KOREA ESG Leaders Index of Morgan Stanley Capital International (MSCI).
Due to Absence of Head
10 January 2018 - 9:45am
Samsung Electronics Co. has been excluded from the MSCI KOREA ESG Leaders Index of Morgan Stanley Capital International (MSCI), the world's largest index firm. The MSCI removed the company from the...
Dr. Um Tae-jong, the newly appointed head of the Korean arm of State Street Global Advisors.
Business Development
8 January 2018 - 6:30pm
State Street Global Advisors, the asset management arm of State Street Corporation, announced today the appointment of Um Tae-jong as head of Korea. In this newly created role, Dr. Um will lead SSGA’...
Hyosung Group has decided to spin off into the holding company Hyosung Corporation and four other companies at its board meeting on January 3.
Towards Holding Company Structure
4 January 2018 - 11:45am
Hyosung Group took the first step to adopt a holding company structure. It is also expected to strengthen the control of CEO and the heir Cho Hyun-joon, who took office as chairman last year, over...
Almost all labor-management wage negotiations have been delayed since the inauguration of the Moon Jae-in administration.
Year’s Biggest Concern
4 January 2018 - 10:00am
Since the inauguration of the Moon Jae-in administration, cases in which labor-management wage negotiations have been delayed or dramatically concluded after some difficulties have been on the rise....
Lotte Group will be able to stabilize its holding company system, with the additional mergers of Lotte GRS, Fujifilm Korea, Lotte Logistics, Lotte International, Daehong Communications and Lotte IT Tech.
Transforming to Holding Company System
3 January 2018 - 10:15am
Lotte Group has completely removed its cross-shareholding relations, whose number once reached 750,000, in three years. As Chairman Shin Dong-bin was handed a suspended prison sentence, the group is...
Samsung’s new managements need to overcome the crisis of the absence of Samsung’s de facto head Lee Jae-Yong while Hyundai managements should cope with the difficult task of restoring relations with the labor.
New Year’s Business Keywords
2 January 2018 - 2:15pm
Samsung Electronics ushered in the New Year with the absence of Vice Chairman Lee Jae-yong. As Vice Chairman Kwon Oh-hyun, who had led Samsung, and President Yoon Boo-keun and Shin Jong-kyun stepped...
A recent drop in the company’s stock price further has been fouling up the sale of Daewoo E&C expected to be sold off to a new owner soon.
Hurdles to Selling-off
29 December 2017 - 10:15am
The sale of Daewoo E&C whose stock price has plunged every day is being delayed as its labor union went on a strike. A recent drop in the company’s stock price further has been fouling up the...
Samsung Electronics Vice Chairman Lee Jae-yong stressed that he did not ask former President Park Geun-hye for a favor for the purpose of inheriting Samsung Group.
Victim to Political Trial
28 December 2017 - 12:00pm
The final hearing in the appeals trial of Samsung Electronics Vice Chairman Lee Jae-yong was held at the Seoul High Court on December 27. There, the vice chairman stressed that he was not interested...


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