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Friday, November 22, 2019
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Chaebol

This is where you can find news about chaebol owners and their family members.

Chaebol owners worry about chief prosecutor nominee Earlier this week, South Korean President Moon Jae-in tapped Yoon Seok-youl to lead the country’s prosecution, thus causing mixed response from rival parties. Opposition parties seem to be unhappy with the reformist prosecutor, who...
Vice Chairman Lee warns of crisis Samsung Vice Chairman Lee Jae-yong, the de facto chief of Korea’s leading conglomerate, sounds like his bed-ridden father, Chairman Lee Kun-hee, in requesting a “sense of crisis.” Samsung Electronics said June 16 that Vice Chairman...
Lee, Cho get suspended jail terms It seems that not a single day goes by without Hanjin Group family members grabbing headlines. This time around, its about the mother and sister of Hanjin Chairman Cho Won-tae. The two have been on...
Police expand propofol investigation The police are focusing on investigations over a surgeon and two nurses of a cosmetic clinic in Seoul as they are suspected of having administered an addictive drug to Hotel Shilla CEO Lee Boo-jin. The Seoul Metropolitan...
Youngest Cho comes back to management to make a stir Only a day after Hanjin Group confirmed the return of Cho Hyun-min, an heiress of the conglomerate, to management positions, requests for her resignation sprang up across the board. On June...
Prosecutors keep raiding Samsung units Employees tend to envy CEOs who can hire and fire them. Along the same line, CEOs in Korea envy tycoons who rule family-controlled conglomerates despite small direct shareholding. Instead of shareholders, tycoons appoint and sack CEOs...
Top court will rule on Lee Jae-yong next month, at earliest Originally, many expected that the Supreme Court will make a decision on Samsung Vice Chairman Lee Jae-yong, the de-facto chief of Korea’s top conglomerate, this month. But the top court...
Former Korean Air executive questioned due to car accident A member of Hanjin Group tycoon family grabs the headlines once again after being questioned by police this week. This time around, however, it is not about serious charges. Cho Hyun-min, former...
Hotel Shilla chief likely to be questioned in 2nd half The police are not likely to summon Hotel Shilla CEO Lee Boo-jin in the first half of this year regarding suspicions that she took an addictive drug for non-medical purposes...
41-year-old chairman officially becomes LG king Every May, the Fair Trade Commission (FTC) confirms the existing heads of chaebol, or designates new ones in order to define responsibilities under the relevant law. Chaebol are Korea’s unique business conglomerates where founding...

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