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Wednesday, October 16, 2019
Chairman Lee Kun-hee loses $3.8 billion in a year The lingering slump in the global semiconductor business chipped away at the fortune of Samsung Group Chairman Lee Kun-hee by $3.8 billion over the past year. However, his net worth of $16.8...
Kim Sung-joo still works as chief visionary officer Just a few years ago, Sungjoo Group owner Kim Sung-joo was a regular in the media as chief of the fashion group, which encompasses the MCM brand, and also as head of...
'Common sense management' by chairmen Huh Chang-soo, Cho Hyun-joon There is a time-honored stereotype for Korean tycoons – they control their groups from behind instead of going through proper procedures such as board of directors’ meetings. Indeed, many Korean business leaders...
Hyosung Chairman Cho Hyun-joon makes difference Operators of golf courses strive to get them onto the best course list announced by Golf Digest, an authoritative magazine published by Discovery in the United States, every two years. And it usually takes quite...
Chairman Cho Hyun-joon leads Hyosung's global expansion Since Cho Hyun-joon became chairman of Hyosung in 2017, he has spearheaded efforts to expand the Seoul-based conglomerate’s business horizon in overseas markets. Over the past few months, the businessman seems to have accelerated...
Private equity fund strives to exit outdoor apparel maker As far as investing is concerned, even most seasoned professionals are bound to make mistakes. And Korea’s most prominent investors of MBK Partners seems to be no exception. Although the country’s largest...
Korean steelmaker unlikely to shell out big bucks in India The Indian government keeps asking Korea’s leading steelmaker POSCO to build an integrated steel plant there. In response, POSCO executives recently met with Indian officials. POSCO claims that it has...
Political dispute may affect M&A deal Earlier this year, Hyundai Heavy Industries (HHI) agreed to buy a 55.7-percent stake in Daewoo Shipbuilding & Marine Engineering (DSME) at $1.7 billion from the Korea Development Bank. The deal involving the world’s two largest...
Tech giant's 2Q profit falls 56% Samsung Electronics saw its profit more than halve during the second quarter of this year due to weak demand for memory chips amid the lingering U.S.-China trade war. On July 6, the Seoul-based company came...
Can Korean private equity fund sell cable TV operator? MBK Partners is the biggest private equity fund in Korea by any measure. Since its establishment in 2005, the Seoul-based fund has racked up handsome profits through a series of high-profile...

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