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Friday, October 20, 2017

Management

Korea Housing Finance Corporation President Kim Jae-chun (fifth from right0, and SMC Vice President Peeyus Taechatakrantham (second from right) pose for a photo with other employees after signing the MOU.
Housing Finance Knowledge
31 August 2017 - 11:15am
The Korea Housing Finance Corporation (KHFC; President Kim Jae-chun) announced on August 30 that it invited employees and executives of the housing finance institutions in the Philippines, Thailand,...
Andre Schmidtgall, CEO of IKEA Korea said he is willing to comply with the regulations once the details become available.
Requesting Same Treatment
30 August 2017 - 11:15am
On August 24, Shinsegae Group Vice Chairman Chung Yong-jin said that the South Korean government’s new regulations on the business of major shopping malls should cover IKEA as well. According to the...
U.S. House Foreign Affairs Committee Chairman Ed Royce and his wife, SPC Group Chairman Heo Young-in and his wife, and U.S. Congressman Ami Bera posed for a picture after their meeting on August 29.
Good will Visit
30 August 2017 - 11:00am
The SPC Group announced on August 29 that U.S. House Foreign Affairs Committee Chairman Ed Royce and Congressman Ami Bera visited its main office in Seoul and had a meeting with its chairman Heo...
The successful merge of four subsidiaries of Lotte Group -- Lotte Confectionary, Lotte Shopping, Lotte Chilsung and Lotte Food will lead Chairman Shin Dong-bin to strengthen his management rights.
Serving Two Ends
30 August 2017 - 1:30am
The Lotte Group is en route to a drastic change in its corporate governance structure through a transition into a holding company structure. On August 29, the spin-off and merger plan was passed at...
Kim Jong-hoon, chairman of HanmiGlobal.
Recognized Internationally
29 August 2017 - 12:45pm
HanmiGlobal, a leading South Korean construction management and program management service provider, announced that it has ranked 12 in the global top CM and PM company list. According to the “2017...
Chungjungone, the food division of Daesang Group, has ceased the production of uncooked hams and sausage products made of European port.
Amid Concerns over Hepatitis E Virus
28 August 2017 - 3:15pm
Chungjungone, the food division of Daesang Corp, which produces the bacon product, announced that they have ceased the production of uncooked hams and sausage products made of European port amid...
As vice-chairman Lee Jae-yong of Samsung Electronics was sentenced to five years in prison, the uncertainties of the Samsung Group are growing.
Absence of Head
26 August 2017 - 12:30pm
Vice-chairman Lee Jae-yong of Samsung Electronics indicted on charges of bribing former President Park Geun-hye and Choi Soon-sil was sentenced to five years in prison in the first trial on August 25...
Per capita operating profit of 164 listed companies belonging to the nation’s top 30 business groups fell at an annual average rate of 3 percent while their per capita labor cost increased at an annual average rate of 4 percent between 2011 and 2016.
Profit Vs. Labor Cost
25 August 2017 - 6:00pm
South Korea’s 30 conglomerates (business groups) have seen their labor costs rise every year regardless of their poor financial performances, according to a recent survey. Therefore, market experts...
BC Card President Chae Jongjin (left) poses for a photo with Dilip Asbe, president of India’s National Payments Corporation of India (NPCI) after signing a MOU in Mumbai, India, on August 22 (local time).
Card Business Cooperation
24 August 2017 - 12:30pm
BC Card announced on August 23 that it has signed a memorandum of understanding (MOU) for strategic network partnership with India’s National Payments Corporation of India (NPCI). Founded by the...
Kakao is expected to transfer its game business to its subsidiary Kakao Games and merge it into its holding company Kakao Games Holdings.
Stepping towards Holding Company
18 August 2017 - 12:45pm
Kakao will transfer its game business to its subsidiary Kakao Games and merge it into its holding company, Kakao Games Holdings. This move aims at boosting the efficiency of the game business, which...
Korea Forest Service Minister Kim Jae-hyun is delivering his inaugural speech.
Forest Administration
18 August 2017 - 11:45am
Kim Jae-hyun, who was appointed as the 31st minister of the Korea Forest Service on July 18, said in his inaugural speech that he would create a circular economy of forest resources so that forest...
Four subsidiaries of Lotte Group -- Lotte Confectionary, Lotte Shopping, Lotte Chilsung and Lotte Food -– will more than double their dividend payout ratios in order to raise shareholder value.
Prior to Conversion into Holding Company
18 August 2017 - 3:45am
Four subsidiaries of Lotte Group -- Lotte Confectionary, Lotte Shopping, Lotte Chilsung and Lotte Food -– announced in a public disclosure on August 17 that they will more than double their dividend...

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