Six KF-16 jets returning home after Alaska drills

The Korea Herald > Business > Management

Hyundai Motor affiliate fined for unfair business with subcontractors

South Korea's corporate watchdog said Sunday that it has slapped 360 million won ($316,000) in fines on Hyundai Wia Corp., an auto parts affiliate of Hyundai Motor Group, for abusing its market power to control subcontractors.Hyundai Wia is accused of "unilaterally" cutting prices during a...

Updated : 2017.06.25 14:56

Hyundai Heavy affiliate sells stake in parent firm's spin-off unit

Hyundai Mipo Dockyard Co., an affiliate of shipbuilding conglomerate Hyundai Heavy Industries Co., sold its stakes in the affiliate recently spun off from its parent firm, a move seen to accelerate th...

Updated : 2017.06.21 17:18

Jeju Air to open route to Taiwan's Kaohsiung next month

Jeju Air Co., a South Korean budget carrier, said Wednesday it will open a route to Taiwan's Kaohsiung next month, the first such service offered by a local airline. The move is part of local budget c...

Updated : 2017.06.21 15:14

Kookmin Card signs partnership with US bank

KB Kookmin Card Co., a unit of South Korea's banking giant KB Financial Group Inc., said Tuesday it has inked a partnership with Bank of Hope in the United States in a move to make inroads into the la...

Updated : 2017.06.20 15:41

Hotel Shilla attends tourism expo in Hong Kong

Hotel Shilla Co., set to open its duty-free shops at an airport in Hong Kong later this year, said Tuesday it has participated in an international travel expo to expand its overseas foothold in the bu...

Updated : 2017.06.20 14:54

LG Electronics launches AI division

South Korean tech giant LG Electronics Inc. said Sunday it has reorganized its structure and established two research centers devoted to the development of technologies related to artificial intellige...

Updated : 2017.06.11 15:52

Top court confirms guardianship over Lotte founder

The nation's top court has confirmed the designation of a nonprofit subsidiary of a law firm as the guardian of the founder of the country's retail giant Lotte Group, legal sources said Friday.The Sup...

Updated : 2017.06.02 15:55

Lotte likely to unveil governance shakeup plan next week: sources

South Korean retail conglomerate Lotte Group is likely to unveil a series of steps next week to simplify its complicated governance structure, which may include split-ups or mergers of key affiliates,...

Updated : 2017.04.21 11:07

GS to prepare for the future amid growing uncertainties

GS Group chairman Huh Chang-soo, who is also the chairman of the Federation of Korean Industries, participated in the group’s quarterly board meeting on Wednesday and emphasized on the need to prepar...

Updated : 2017.04.19 16:26

[Superich] Samsung’s first lady steps down from public posts

The lady of the Samsung family Hong Ra-hee, 72, resigned last week from her position as the director of Leeum Samsung Museum of Art for personal reasons. The decision astounded the business and art co...

Updated : 2017.03.16 17:35

[Super Rich] Superrich doctors take scalpel to old management

“The reluctant executive” was how Forbes magazine described Shin Chang-jae, the chairman of Kyobo Life Insurance, in a cover story in 2010. Despite being the firstborn son of Kyobo Life founder Shin...

Updated : 2016.09.29 17:22

[DECODED] SK runs on harmonious kinship, so far

At key SK companies, men surnamed Choi or Chey hold prominent management positions. Most of them are the offspring of the late SK Group founder Choi Jong-kun and relatives of current Chairman Chey Tae...

Updated : 2016.09.27 17:28

[DECODED] Chey's control tightens at SK

The way SK Group reorganized its whopping 88 affiliates and subsidiaries into a holding company structure -- billed as an advanced model of multi-company governance -- is a subject of fervent study by...

Updated : 2016.09.27 17:25

[DECODED] Chey leads SK’s global search for growth

The chief executives of key SK companies have been busy doing homework lately. In front of SK Group Chairman Chey Tae-won and his fellow CEOs, they have to make a presentation next month on ways to fu...

Updated : 2016.09.26 17:27

[DECODED] Who is Chey Tae-won?

If the life story of SK Group Chairman Chey Tae-won is ever to be made into a film or TV drama, it would be a mash-up of genres -- romance, corporate and even courtroom drama. A 20-something Chey has ...

Updated : 2016.09.26 15:52