Management | BusinessKorea

Friday, December 15, 2017

Management

Cho Hyun-joon, new chairman of Hyosung Group.
New Chair
30 December 2016 - 12:30pm
Hyosung Group Chairman Cho Suck-rae is transferring the crown to his eldest son Cho Hyun-joon, currently president of the company. It represents a power shift to the third-generation of the group's...
Cha Kwang-yul, chairman of the CHA Medical Group.
Illegal Medication
30 December 2016 - 11:15am
CHA Medical Group Chairman Cha Kwang-yul’s family was caught for being injected with immune cell treatments which were illegally produced. The Ministry of Food and Drug Safety (MFDS) announced on...
KT Chairman Hwang Chang-kyu will be termed out of office at the end of March next year.
Inconsistent Management
30 December 2016 - 10:30am
As an early presidential election is inevitable in South Korea, rumors over KT Corp.’s constant change of its CEO are spreading among the communication market and securities market as well as...
Park Sung-soo, chairman of E-Land Group.
Boycott Campaign
29 December 2016 - 11:15am
The Ministry of Employment and Labor announced on December 19 that the ministry found out that E-Land Park did not pay wages of 8.372 billion won to 44,460 part-time workers as a result of conducting...
Dongkuk Steel Group Director Chang Sun-ik.
Successor of Conglomerate
28 December 2016 - 12:15pm
South Korean conglomerate Dongkuk Steel Group Director Chang Sun-ik, who was booked without detention on a charge of going on the rampage in a bar, released a statement of apology in his name on...
SK Group chairman Chey Tae-won.
Conglomerate’s Mistress
28 December 2016 - 12:00pm
A prison sentence was given to a woman in her 60s who was indicted for making malicious comments on an Internet story about SK Chairman Chey Tae-won’s mistress. On December 15, the Seoul Central...
As LG Group officially announced to leave the FKI on Dec. 27, business groups are expected to withdraw their memberships from once-mighty chaebol lobby group Federation of Korean Industries (FKI) in earnest.
Withdrawal from FKI
28 December 2016 - 11:45am
Business groups are expected to withdraw their memberships from once-mighty chaebol lobby group Federation of Korean Industries (FKI) in earnest. As LG Group officially announced to leave the FKI on...
Ha Sung-yong, president of KAI.
Falling in Difficulty
27 December 2016 - 12:45pm
It is said that Korea Aerospace Industries (KAI) may have difficulty in winning the Advanced Pilot Training (APT) project from the US. According to foreign media reports on December 21, US president-...
A controversy broke out over SK Telecom’s recruitment of former UN secretary general Ban Ki-moon's son as an employee at its New York office
SKT In Embarrassment
27 December 2016 - 12:30pm
A controversy broke out over SK Telecom’s recruitment of former UN secretary general Ban Ki-moon's son as an employee at its New York office. According to industry sources on December 26, SK Telecom...
A factory of Orion China in Shanghai.
Hygiene Confectionery Factory
23 December 2016 - 1:00pm
Orion announced on December 22 that its Chinese corporation’s Shanghai, Beijing, Shenyang and Guangzhou factories were selected as some of TOP 6 factories in an audit by the American Institute of...
Unionized pilots at Korean Air Lines Co. went on strike on December 22 for the first time in 11 years.
Troubling Management
23 December 2016 - 10:45am
Korean Air pilots begun a 10-day strike from 0:00 am on the 22nd to 12:00 am on 31st. It is the first walkout by unionized Korean Air pilots in 11 years. During a wage negotiation between labor and...
Kim Chang-soo, vice-president of Dongsuh Food (left) and Park Chan-bong (right) of the Community Chest of Korea pose for a photo shoot in the donation ceremony.
Money Donation
22 December 2016 - 12:45pm
Dongsuh and Dongsuh Food announced that they donated a total of 600 million won (US$ 540,000)to the Community Chest of Korea and the Korean Committee for the UNICEF. Among the 600 million won, 200...

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