Chey Min-jung, the younger daughter of Chey Tae-won, the chairman of SK Group, has recently founded a healthcare startup in the United States.According to industry sources on March 28, Min-jung has been listed as a co-founder of Integral Health, an AI-based healthcare startup established recently. T
The ownership dispute within the Hanmi Pharmaceutical Group involving the owning family members is scheduled to be resolved at the shareholders’ meeting next month. The conflict persists between the mother-daughter duo -- Chairperson Song Young-sook, who is pushing for integration with the OCI Group
Following the passing of the late Lee Kun-hee, the former chairman of Samsung, in 2020, it has been revealed that the mother and two daughters of the Samsung owning family, including Hong Ra-hee, the former director of the Leeum Samsung Museum of Art; Lee Boo-jin, the CEO of Hotel Shilla; and Lee Se
A public tender for a 4.7 trillion won stake in NXC, the holding company of Nexon, has ended empty-handed again.The second tender for 851,968 shares (29.3 percent stake) of NXC failed to find buyers, according to the Online Tender Offer System of Korea Asset Management Corporation (KAMCO) on Dec. 29
The public takeover bid for Hankook & Company by MBK Partners, in collaboration with Advisor Cho Hyun-sik of Hankook & Company, has fallen through.On Dec. 26, Ventura, the special purpose company (SPC) of MBK Partners Special Situation Fund (SS) No. 2, announced, “The public takeover of Hankook & Co
To defend the leadership of Cho Hyun-bum, the chairman of Hankook & Company, the holding company of Hankook Tire, his father, Cho Yang-rae, the honorary chairman, has stepped forward as a “white knight,” acquiring an additional 0.32 percent stake in the company. Hyosung Advanced Materials, led by Ch
With Cho Hyun-sik, the advisor of Hankook & Company and the eldest son of the tire maker’s honorary chairman, preparing to take over the leadership in collaboration with MBK Partners, Cho Yang-rae, the honorary chairman of Hankook & Company, is once again offering support to Chairman Cho Hyun-bum, t
With assets totaling 10.4 trillion won (US$7.91 billion), Hankook & Company, formerly known as the Hankook Tire Group, currently ranking 40th in the business sector, has reignited a power struggle among siblings. After a slump in 2021, the management dispute between the brothers is resurfacing, mark
There has never been a more popular time for foreigners to live in or invest in Korea. While the number of foreigners declined during the pandemic due to global travel restrictions, immigration has been soaring in the last year. The number of foreign nationals residing in Korea for more than three m
LG Group Chairman Koo Kwang-mo is facing the first inheritance dispute in LG’s history since its founding in 1947. For 75 years, the company had not experienced any property disputes, including control of the business, but it has become embroiled in litigation for the first time in this case.Accordi
Hyundai Securities said in a company analysis report on Samsung Life Insurance on Sept. 22 that Korea’s biggest life insurer is expected to continue to increase its dividends in the mid to long term as it needs to serve as a major source of funds for deferred payment of the large inheritance tax by
South Korea was the world’s largest luxury goods consumer in previous year with an average spending of US$325 per person (as estimated by Morgan Stanley), surpassing the United States and China to rank first globally. However, the situation has significantly changed this year due to the economic dow
Seo Jung-jin, the head of biotech company Celltrion Group and one of South Korea’s richest persons, is reported to have children out of wedlock. He recently registered two additional children after a paternity claim.With the emergence of Seo’s two extramarital children, changes may be made in Celltr
Attention is focusing on Samsung Group’s governance structure reform after Samsung Electronics (SEC) vice chairman Lee Jae-yong’s recent reinstatement.At present, Lee and his family members own 17.97 percent and 31.31 percent of Samsung C&T, respectively. They indirectly govern Samsung Life Insuranc
The Samsung Electronics stock price closed at 69,800 won per share on March 25, failing to top 70,000 won yet again.The company's stock price is sluggish because Samsung Group owner family members are selling a huge number of shares in order to pay their inheritance taxes, which amount to 12 tri
Citibank Korea, which is planning to withdraw from the South Korean retail banking market, has received voluntary retirement applications until Nov. 10. The bank predicted that it would receive 1,500 applications, but more than 2,300 employees submitted their applications. For reference, 3,250 peopl
The Samsung Group founder family, including Hong Ra-hee, wife of the late group chairman Lee Kun-hee, will sell about two trillion won worth of shares in Samsung affiliates to pay inheritance tax on the property left by the late chairman.Hong signed a disposal trust contract with KB Kookmin Bank on
The Financial Supervisory Service announced on Sept. 2 that Samsung Electronics vice chairman Lee Jae-yong has no problem as a major shareholder in Samsung Life Insurance.In Samsung Group, Samsung Electronics is governed by Samsung Life Insurance and Samsung Life Insurance is governed by Samsung C&T
The Nature Chemistry journal recently published a paper that defined how COVID-19 enters human body cells on a molecular level. The first authors of the paper include Shirley Ahn, People Party leader Ahn Cheol-soo’s daughter.The research was conducted based on supercomputer simulation at the Univers
The Samsung Group owner family, including Samsung Electronics vice chairman Lee Jae-yong, is scheduled to disclose details regarding their inheritances from the late Samsung Group chairman Lee Kun-hee as early as April 27.The late Samsung chairman’s wealth includes shareholdings in Samsung Electroni