Hyundai Elevator published the "2017 Integrated Sustainability Report" on the last year's sustainability management results in Korean and English.The annual sustainability report published for the second time this year, presents Hyundai Elevator's global visions and strategy for becoming the global

The Mirae Asset Park Hyun-joo Foundation announced that the company held "Mirae Asset Scholarship Student Day" at Mirae Asset Daewoo Office in Yeouido on July 25.The event attended by more than 50 people including foreign exchange scholarship students selected this year and in the past, consists of

Stories to show the Samsung Group’s overall business were told during a trial of vice chairman Lee Jae-yong and the former head of Samsung Group’s the Future Strategy Office Choi Ji-sung, which was held on August 2 in connection with the Choi Soon-sil gate. Although it is known via third parties, it

POSCO reported a negative net debt for the third consecutive quarter. The company announced on July 31 that its net debt totaled negative 153 billion won (US$137 million) in the second quarter of this year after negative 31 billion won (US$27.9 million) in the fourth quarter of last year and negativ

South Korean entrepreneurs met with President Moon Jae-in on July 27 and asked the government to take a more active role in dealing with economic retaliation from China, trade pressure from the United States, etc.At the meeting, the president expressed his gratitude to Korea Chamber of Commerce & In

Korea Ginseng Corporation (KGC) announced on July 25 that the company signed an agreement with World Vision, an international relief development NGO, to support a drinking water sanitation project in Tanzania, Africa.Korea Ginseng Corporation will pay the cost of four mechanical drinking water syste

Daewoo Engineering & Construction announced on July 26 that its operating profit for the first half of this year totaled 478 billion won (US$430 million), an all-time high H1 operating profit. For reference, the amount was 194.2 billion won (US$174 million) in H1, 2016 and the company’s operating pr

An increasing number of global airlines are forming joint ventures these days. This is because customer needs can be catered to and more unique services can be provided with greater ease by means of joint ventures than collaboration in the form of an alliance. Still, South Korean airlines are laggin

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 strategyThe company announced on July 25 that it posed 6.63 trillion won (US$5.93 billion) in sales and 804.3 billion won (US$720.05 millio

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 responsibility (CSR) activities last year, the highest figure in the banking industry.Despite difficult ma

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. Accordingly, such circumstances are having a negative effect on whether Chairman Yoon, whose two-year term ends

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 technology officer and president of the company.The appointment was made as Hyosung has achieved its b

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, chairman of Chong Kun Dang Pharmaceuticals.The Ministry of Employment and Labor plans to focus on a

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 the Korea Development Bank (KDB) but asked creditors to clarify the brand usage fees. Park is trying

SDJ Corporation Chairman Shin Dong-joo, mired in a leadership dispute with his younger brother and the incumbent Lotte Group Chairman Shin Dong-bin, is attempting to interfere with Shin Dong-bin’s efforts to create a Korean holding company of the group.According to law firm on July 18, Chairman Shin

Samsung affiliates’ listed stocks lost 20 trillion won (US$17.64 billion) in market capitalization on July 14 after South Korea's presidential office, or Cheongwadae, dropped a bombshell in the last hour of trading. When Cheongwadae said it has found documents from the previous Park Geun-hye adminis

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-trillion won (US$8 billion) increase from the previous year. Beyond “Great C”' in 2020, the group came up wi

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 ask our creditors to help Kumho Tire remain part of Kumho Asiana Group.” They also said that they can

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 company of Samyang Food was a bogus company.On July 10, after analyzing several years of internal tradi

The Seoul Central District Prosecutors’ Office has decided on July 11 to probe a complaint filed by the family of the four-year-old girl who fell ill on July 5 alleging that McDonald’s Korea violated food safety laws.The prosecution is soon to summon officials from the country’s biggest fast food ch