SK Holdings Co., the parent company of South Korea's third-largest conglomerate SK Group, has raised the rate of shareholders' general meeting participation by adopting an electronic voting system for the first time in the industry.The company said its stockholders’ voting rights exercise rates at t

Mirae Asset Daewoo Chairman Park Hyun-joo has decided to focus on global management. When Park took office as chairman of Mirae Asset Daewoo in May 2016, he showed a strong will for overseas business after two years of management.Mirae Asset Daewoo announced on March 26 that Park has become the chai

Lee Jae-yong, vice chairman of Samsung Electronics, embarked on a business trip to Europe. Last month, he was released in a review by an appellate court for a probation, and then chose an overseas business trip as his first official move after his release.Samsung Electronics said on March 25, "Vice

SK Innovation Co. has made an investment in its subsidiary in the U.S. to invest in the shale oil and gas industry in the country.The company officially announced on March 20 that it has decided to invest 485.3 billion won (US$453.55 million) in SK E&P America Inc., a wholly owned subsidiary that de

According to relevant industry and real estate investment baking industry sources on March 14, Kumho Asiana Group signed a memorandum of understanding (MOU) with Deutsche Asset & Wealth Management, a Germany-based global asset management company, to sell its Gwanghwamun office building in 115 Sinmun

The 2018 Lotte World Tower International Vertical Marathon 'SKY RUN' will be held on May 13. A total of 1,500 people will run. Excluding professional athletes and corporate participants, the participants will total 1,400.The Lotte World Tower Scarlet is an official event recognized by the Vertical W

Columbia University MBA students and faculty members visited the Dream Plus Gangnam, a start-up training center established by Hanwha Life Insurance on March 13.This visit was made possible as Columbia Business School, which selected Hanhwa Life's Dream Plus Gangnam as an example of Korea's open inn

Doosan Heavy Industries & Construction Co., the nation’s top power equipment maker, announced on March 13 that it has signed an agreement with a consortium consisting of two Korean private equity funds – Socius Advisors and Well to Sea Investment – to sell its entire stake of 42.66 percent in Doosan

According to the Ministry of Environment (MOE) on March 12, polyhexamethylene guanidine (PHMG) was found in deodorant sprays manufactured by PIGEON Corporation.The Elegant Mimosa and the Romantic Rose contain 0.00699 percent and 0.009 percent of PHMG respectively. PHMG can cause toxicity in the nasa

Kim Gwan-yong, Governor of Gyeongsangbukdo (North Gyeongsang Province), set a record as he was elected as head of a local government for the sixth time through a popular vote. Kim served as head of a local government for 24 years as he was elected as Gumi mayor three times and as governor of Gyeongs

It has been found that the total market cap of the LG Group, which has 11 listed subsidiaries, fell 5.53% from 103.38 trillion won (US$93.0 billion) to 97.65 trillion won (US$87.9 billion) between the end of last year and March 6 this year. The group showed the highest rate of decrease among the 10

Samsung Group’s financial affiliates, such as Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co., are planning to sell their stakes in Samsung Electronics Co. that exceed 10 percent by the end of this year. Samsung Electronics has been purchasing and cancelling its treasury shares fr

At the first press conference held at the Ministry of Strategy and Finance in the Government Complex Sejong on March 6 after the inauguration, Cho Yong-man, president of the Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO), said, “We are planning to launch the KOMSCO Trusted Platf

Korea Midland Power (KOMIPO) announced on March 6 that the company acquired “Excellence,” the highest rating in the evaluation of public organizations in terms of win-win growth activities in 2017 by the Ministry of SMEs and Startups.KOMIPO has achieved the highest grade for three consecutive years

Samsung Electronics Co. invested more than 16.8 trillion won (US$15.53 billion) in research and development (R&D) in 2017. The company’s cashable assets still remain at the 30 trillion won (US$27.74 billion) level but the figure has decreased about 1.5 trillion won (US$1.39 billion) compared to a ye

KEPCO KPS, a total power plant service provider, has acquired ISO 27001 certification from the British Standards Institution (BSI) headquartered in London. ISO 27001 is the international best practice standard for an information security management system.KEPCO KPS held an ISO 27001 certification aw

Samsung C&T has decided to bring in a French executive who served as a top-level executive at General Electric as a new outside director. Analysis says that the move signaled the full-scale start of an improvement in corporate governance and management led by boards of directors. Earlier, Samsung El

According to investment banking (IB) industry sources on Feb. 27, foreign shareholders at KB Financial Group officially expressed their negative views on the introduction of a labor union board member recommendation system.A senior official from KB Financial said, “Some foreign shareholders strongly

South Korea’s fifth-largest conglomerate Lotte Group has completely removed its cross-shareholding ties amid the unprecedented absence of chairman, passing the first step for an emergency management system. However, the group has mounting challenges as it recently faced suspicion that it sought favo

On February 28, Samsung Group will mark the one year anniversary of declaring its “virtual dismantlement” for self-regulatory management by affiliates.Although there is concern that the Samsung Group will be put into a quagmire as its chairman was put behind bars and the Future Strategy Office, the