Daeho Development, Hanyeong Development, and Bando Development, which are Bando Engineering & Construction’s subsidiaries, announced on Oct. 8 that their combined shareholding in Hanjin KAL rose from 4.99 percent 5.06 percent as Hanyeong Development bought 40,000 shares at 27,481 won per share. The

Lee Jae-yong, vice chairman of Samsung Electronics, is expected to step down as the company's registered inside director.Samsung Electronics has decided not to hold a board meeting or an extraordinary general meeting of shareholders until Oct. 26 when Lee’s term expires.This means Lee will not e

The Korea Economic Research Institute (KERI) under the Federation of Korean Industries (FKI) has expressed opposition to the government’s plan to revise the Enforcement Decree of the Financial Investment Services and Capital Market Act to allow public pension funds, including the National Pension Se

Hyundai Motor Group has recently elevated the status of investor relations (IR) units of its subsidiaries by putting them under the direct control of company presidents. It is part of its plans to improve the stock performance of the affiliates by expanding the power and responsibility of the IR uni

Samsung Electronics Co. has fallen 26 notches in this year’s Global CR RepTrak 100, a global survey that rates multinational companies based on their corporate social responsibility (CSR) reputation.The company placed 90th in this year’s rankings, which were recently published by Boston-based consul

Samsung Electronics vice chairman Lee Jae-yong visited Saudi Arabia on Sep. 15 to look around Samsung C&T’s subway construction site in Riyadh. Lee encouraged officials of Samsung C&T, saying the Middle East is "a land of new opportunities." It was the first time that Lee visited an overseas constru

Delta Air Lines Inc. has increased its stake in Hanjin KAL Corp., the parent company of Korean AirLines Co., to above 9 percent. Yet the increase would not have a great impact on the price of Hanjin KAL shares for the moment as Delta Air said that it would not do anything that affects the company’s

South Korea’s financial authorities will ease regulations on shareholder rights, including the so-called 5 percent rule, to activate the “Stewardship Code.” The Stewardship Code refers to a set of principles or guidelines which are intended to direct the exercise of voting rights held by institution

The prosecution has begun an investigation into Sillajen, a Kosdaq-listed company, in connection with the massive trading of common stocks prior to the recent announcement regading the inefficacy of the company’s anti-cancer drug “Pexa Vac.”According to the prosecution, the Joint Securities Crime In

Samsung Electronics vice chairman Lee Jae-yong had a surprise meeting with the heads of Samsung Group’s financial affiliates earlier this month, it was known belatedly.Lee had a meeting with the presidents of the group’s financial affiliates, including Samsung Life Insurance Co., Samsung Fire & Mari

The Korea-China Business Conference will resume in three years after being suspended due to a conflict over the deployment of the Terminal High Altitude Area Defense (THAAD) system in Korea.The Federation of Korean Industries (FKI) announced on Aug. 13 that the Korea-China Business Conference will b

The stock price of Hanjin KAL Corp., the holding company of Hanjin Group, continues to rise despite the recent crash of the South Korean stock market. Some say this might be a signal that another round of ownership battle has begun between Hanjin Group and the Korea Corporate Governance Improvement

SK Group chairman Chey Tae-won convened an emergency meeting with CEOs of the group units on Aug. 5 to discuss the potential impact of Japan’s exclusion of South Korea from its trade whitelist on the group’s semiconductor and battery production.Chey met with the members of the SK SUPEX Council, whic

Seven companies, including SK Networks, have joined the preliminary bidding to acquire Woongjin Coway Co. which is roughly valued at 2 trillion won ($1.68 billion).Korea Investment & Securities Co., the lead manager for the sale of the water purifier rental company, received a letter of interest (LO

The sale process has begun for South Korea's second-largest full-service carrier Asiana Airlines Inc.Kumho Industrial and sales adviser Credit Suisse Securities issued a public notice on July 25 to sell 68,688,063 controlling shares of Asiana Airlines, equivalent to a 31.0 percent stake, held by

Delta Air Lines Inc., the largest airline in the United States by market cap and sales, has begun to buy additional Hanjin KAL shares as it declared before. The move seems to suggest that the U.S. carrier did not simply come forward as a white knight for the beleaguered Hanjin Group but made an inve

Korea Corporate Governance Improvement (KCGI), a home-grown activist private equity fund which is seeking control of Hanjin Group, is planning to raise funds from foreign investors. It has taken out more loans against its Hanjin KAL shares and is attracting foreign investors to set up additional fun

Global HR companies such as Cornerstone OnDemand and Workday are entering the South Korean market one after another with the South Korean HR market showing a rapid growth based on 52-hour workweek, minimum wage increase, conversion of temporary positions to permanent positions, etc.Workday, which se

Samsung Electronics vice chairman Lee Jae-yong returned from Japan on July 12 and told the company’s device solutions and display divisions on July 13 to work on a contingency plan with regard to Japan’s semiconductor and display material export restrictions. “The vice chairman succeeded in procurin

[Press Release] On Jul. 12th, S-OIL (Representative Director: Hussain Al-Qahtani) held ‘Fuel Donation Ceremony to Young Food Truckers’ and donated 100 million Won to Work Together Foundation for the cause.S-OIL started the CSR program last year with the goal to support young self-employed men and wo