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Tuesday, February 25, 2020
Wrapping up a five-year divorce suit, South Korea’s top court ordered Monday Hotel Shilla CEO Lee Boo-jin to pay $12 million to her ex-husband. The Supreme Court upheld a lower court’s verdict that the oldest daughter of Samsung Group Chairman...
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...
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...
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...
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...
Propofol investigations continue for 2 months Police raided a cosmetic clinic in southern Seoul early this week to investigate the suspicion that it administered an addictive drug of propofol in 2016 to Hotel Shilla CEO Lee Boo-jin. Seoul Metropolitan Police Agency...
Sisters compete for group stewardship In June 1998, Daesang Group heiress Lim Se-ryung married Samsung Group heir-apparent Lee Jae-yong, the only son of Samsung Chairman Lee Kun-hee. In other words, she tied the knot with the young businessman who would lead...

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