Why SK Chairman Chey Tae-won runs risks
When SK Group founder Chey Jong-kun died of lung cancer in 1973 at the age of 47, his younger brother Chey Jong-hyon took over instead of young sons of the former.
A quarter-century later,...
Customs agency raids HDC Shilla
Hotel Shilla CEO Lee Boo-jin suffers another setback as the Korea Customs Service raided HDC Shilla Duty Free, a joint venture between the hotel operator and Hyundai Development Company (HDC).
The billionaire businesswoman, also the eldest...
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...
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After meeting with U.S. President Joe Biden, Hyundai Motor Chairman Chung Eui-sun announced on May...
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