Management | BusinessKorea

Monday, February 26, 2018


Celltrion Holdings was fined 2.4 billion won (US$2.1 million) for violating standards on holding subsidiaries’ stocks.
Violating Standards
7 September 2017 - 6:00pm
Celltrion Holdings, the holding company of a biopharmaceutical company Celltrion with the highest market capitalization in the KOSDAQ market, was fined 2.4 billion won (US$2.1 million) for violating...
Lee Kwang-hak (left), an executive director of climate change response at the Korea Energy Agency and Hiroshi Kuniyoshi (right), deputy to the director general of the UNIDO. (photo courtesy: KEA)
Recognized by UNIDO
7 September 2017 - 11:30am
The Korea Energy Agency (KEA) received a letter of appreciation from the United Nations Industrial Development Organization (UNIDO) for its contribution to developing energy efficiency cooperation...
The Hyosung Group is moving toward establishing a holding company structure. (photo: BusinessKores DB)
For Transparent Governance
5 September 2017 - 6:30pm
The Hyosung Group is moving toward adopting a holding company structure. Although the third-generation management system was established in January of this year as CEO and the heir Cho Hyun-joon took...
Celltrion Chairman Seo Jung-jin owns a 94 percent stake in Celltrion Holdings, a de facto holding company of the group.
Subject to FTC Regulation?
5 September 2017 - 6:15pm
As the Fair Trade Commission (FTC) announced to impose regulations on semi-conglomerates, Celltrion Inc., the largest biopharmaceutical company in South Korea, has been put on emergency alert....
S-Oil CEO Othman Al Ghamdi (far left) at the company’s Vision 2025 declaration ceremony.
‘Vision 2025’ Declaration
1 September 2017 - 3:15pm
S-Oil held a “Vision 2025” declaration ceremony on August 30 and pledged to become an energy chemical company that are the most competent and admired in the Asia-Pacific region S-Oil CEO Othman Al...
The Financial Supervisory Service (FSS) of Korea issued a disciplinary warning to Heungkuk Securities and Heungkuk Asset Management, two of the subsidiaries of the Taekwang Group.
Investigation into Taekwang Subsidiaries
1 September 2017 - 3:15pm
The Financial Supervisory Service (FSS) announced on August 25 that it held a regulatory committee meeting on August 14 and issued a disciplinary warning to Heungkuk Securities and Heungkuk Asset...
The Lotte Dutry Free store in the Jakarta International Airport.
Duty Free Business in Crisis
1 September 2017 - 3:15pm
As the Chinese government has banned Chinese tour groups from visiting South Korea as part of retaliation over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) missile system,...
Lotte Group will inject US$300 million (340 billion won) additionally into its Lotte Mart stores in China.
Keeping Business in China
1 September 2017 - 11:00am
South Korea's retail giant Lotte Group, which has been struggling with China’s escalating economic retaliation against Korean firms over the deployment of the U.S. Terminal High Altitude Area Defense...
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. (photo courtesy: SPC Group)
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...


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