Management | BusinessKorea

Friday, October 20, 2017


An aerial view of LG Display’s plant in Paju.
Huge Investment in OLED
26 July 2017 - 10:45am
Despite seasonal off-season and exchange rate fluctuation, LG Display has recorded an operating surplus for 21 quarters in a row based on differentiated product strategy The company announced on July...
NH Nonghyup Bank President Lee Kyung-seop and its employees’ volunteer group are flying an airplanes of wishes with foreigners working at farming villages.
For 6 Straight Years
25 July 2017 - 11:30am
According to the 2016 Banks’ CSR Activities Report released by the Korea Federation of Banks (KFB) on July 24, NH Nonghyup Bank has spent 92.3 billion won (US$82.78 million) on corporate social...
A series of moral hazard problems adversely affects the speculation that Chairman Yoon can serve consecutive terms as his term ends in November.
Suffering Management Chaos
21 July 2017 - 12:30pm
After KB Financial Group Chairman Yoon Jong-kyu took office, the group has suffered from a management chaos, such as off-the-books money and unconscionable bargain, and a series of rumors....
Cho Hyun-joon, Hyosung Group Chairman
New Chairman
21 July 2017 - 12:15pm
Hyosung Group Chairman Cho Hyun-joon was appointed to be CEO of the company during a board meeting on July 20. After the transition, the group will be led by Cho Hyun-joon and Kim Kyoo-young, chief...
Lee Jang-han, chairman of Chong Kun Dang Pharmaceuticals.
Power Abuse
19 July 2017 - 12:00pm
According to the Ministry of Employment and Labor on July 18, the ministry launched an investigation into a controversy surrounding the use of violent language against his chauffeurs by Lee Jang-han...
Kumho Industrial Co., which has the trade mark right of “Kumho,” made, on July 18, the revised offer of paying 0.5 percent of sales in brand royalties for 12.5 years and being unable to cancel the use of the trademark during the period.
Counter Proposal
19 July 2017 - 10:30am
Kumho Asiana Group Chairman Park Sam-koo proposed a final offer regarding the use of Kumho Tire trademark, which can make or break the sale of Kumho Tire. He partially accepted the revised offer from...
Lee Jae-hyun, chairman of the Cj Group.
Aggressive Management
14 July 2017 - 12:00pm
CJ Group will make the biggest investment ever -- five trillion won this year and 36 trillion won (US$32 billion) by 2020. The group aims to post 40 trillion won (US$36 billion) in sales, a 9-...
Kumho Tire employees held a meeting to normalize the management of the company.
Demo against Sales
14 July 2017 - 11:30am
Forty one Kumho Tire executives, including CEO Lee Han-seob, issued a statement on July 13, saying, “We are absolutely opposed to selling the company to Doublestar, which is unqualified. We strongly...
Jeon In-jang, chairman of Samyang Food.
Expedient Management
12 July 2017 - 11:15am
An allegation was made that Samyang Food had been committing internal trading for a company with a special relationship with the owner family. In addition, controversy was aroused that the holding...
GM Korea’s labor union voted for a strike on July 7.
Wage Negotiation Failed
10 July 2017 - 12:15pm
Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., voted for a strike over higher salaries and other benefits on July 7. They have shown its strong intention to carry its...
SK Group Chairman Chey Tai-won gives an address at the biannual Tianjin Forum 2017 held in Tianjin, China, on July 7.
Different Step
10 July 2017 - 11:30am
More South Korean companies are choosing to leave China and take their businesses with them due to lingering political tension between Korea and China over the deployment of the THAAD antimissile...
GM Korea has faced the biggest crisis in history due to distresses from both inside and outside the company.
Crisis of GM Korea
7 July 2017 - 2:15pm
GM Korea has faced the biggest crisis in history due to a rapid drop in domestic sales in June, resignation of president and a slow rate of negotiation with the labor union. According to industry...


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