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Saturday, April 11, 2020
The plunging share prices amid the virus threat deal a severe blow to investors. But some South Korean businesspeople take advantage of the bearish market. According to the Financial Supervisory Services Wednesday, CJ Group Chairman Lee Jae-hyun canceled his donation...
Desk column: Why Korea's top food dlivery app suffers from a crisis Baedal Minjok was once one of the country’s most respected startup companies, and its founding CEO Kim Bong-jin was touted as an innovative entrepreneur. Every month, more than 10...
Baedal Minjok apologizes, but will not scrap new fee system Baedal Minjok’s new fee system for its app-based food delivery services continues to cause stirs. In the wake of strong opposition from restaurants, a provincial government vows to develop an...
Lotte Department Store, South Korea’s business bellwether, announced Thursday that its sales turned around in March as the new cases of the novel COVID-19 coronavirus stabilized. The Seoul-based outfit saw its turnover jump 30.9 percent during the first week of...
The Seoul Central District Court postpones the date to April 17 The ruling on former DB Group Chairman Kim Jun-ki was delayed to April 17. Late last year, the 75-year-old tycoon is arrested for charges over alleged sexual assaults. The Seoul...
A Seoul court rejects request for an arrest warrant A son of Chong Kun Dang Chairman Rhee Jang-han was arrested on charges of filming sex videos, according to the police on April 2. Chong Kun Dang is one of the...
1. Wealth: $1.1 billion (Forbes, 2020) With the fortune of $1.1 billion, SPC Group Chairman Hur Young-in is South Korea’s 29th wealthiest businessman, according to Forbes. 2. Date of birth: May 17, 1949 Hur Young-in is chairman of SPC Group, South Korean...
Brokerage joins hands with top engineering college NH Investment & Securities has teamed up with Korea Advanced Institute of Science and Technology (KAIST) to set up a design research lab on user interface and user experience. Toward that end, NH said...
Officials remain silent about whether to book Samsung heiress The police strive to finish the probes over Hotel Shilla CEO Lee Boo-jin, who was questioned this month for her alleged use of an addictive drug called propofol. An official at the...
1. Wealth: $1.5 billion (Forbes, 2019) With the wealth of $1.5 billion, Michael Byungju Kim is South Korea’s 23rd richest businessman, even ahead of CJ Group Chairman Lee Jae-hyun and Lotte Group Chairman Shin Dong-bin. The two tycoons’ wealth amounted to...

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