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Kim Chi-hoon, a former Korean Air executive director who was proposed as one of the inside directors for Hanjin Group, said Tuesday he was voluntarily resigning from the candidacy. His withdrawal deals a blow to a coalition formed by Hanjin Group heiress Cho Hyun-ah to counter her brother, Chairman...
Despite the chairman's apology and resignation for showing a controversial far-right video to employees, shares of Korea Kolmar, a cosmetics and health care company, continued to fall on Aug. 12 as consumers turned their back on its products. On Aug. 11, just two days after the media reported that...
Yoon Dong-han, president of cosmetics and health care goods manufacturer Kolmar Korea, apologized and resigned on Aug. 11 after showing a controversial video praising Japan to employees last week. During a press conference at Kolmar Korea’s headquarters in Seoul, Yoon said he deeply regretted hi...
Kolmar Korea , a cosmetics and health care company based in Seoul, appears to have been hit by criticism of the company’s chairman for sharing a controversial YouTube video with employees. Shares of Kospi-listed Kolmar Korea and its holding company Kolmar Korea Holdings plunged more than 5 perce...
S.M. Entertainment on July 31 effectively refused to merge with Like Agency, a private business entity owned by Executive Producer Lee Soo-man, in its latest response to activist shareholders’ call to improve corporate value. The remarks left shareholders dissatisfied, causing its stock price to...
South Korean entertainment powerhouse SM Entertainment is under pressure to answer demands to improve shareholders’ value by the July 31 deadline. Korea Investment Value Asset Management on July 30 warned that the company will take action if SM’s response is insufficient. “So far, SM is showin...
Civil activists have vowed to prevent the troubled chief of Korean Air from getting paid billions of won worth severance pay should he leave his post as chairman. Cho Yang-ho, who was ousted from the board of directors on March 27 during a shareholders meeting, heads Hanjin Group which includes th...
Retiring executives -- whether they are members of conglomerates owned by families or professional mangers -- were paid most generously last year, according to data from the country’s financial watchdog Financial Supervisory Service on April 2. Some of the scandal-ridden chiefs took nothing home,...
Korean Air Chairman Cho Yang-ho’s ouster from the company’s board of directors on March 27 boosted investor confidence, as reflected in the share prices of the airline and its holding company. Almost 36 percent of shareholders who attended the general meeting on March 27 voted against the reapp...
[THE INVESTOR] More than 100 members of Korea’s major conglomerate owner families under the age of 50 are serving as executives, with three heading their groups, a corporate tracker said on Jan. 28. A total of 130 members of the nation’s 200 leading conglomerate owner families who were born ...
Rolls-Royce, the ultra-luxury carmaker owned by BMW Group, is pinning high hopes on its first coupe, Wraith, to lure younger, successful customers in Asia, a powerhouse region for its future growth. The Wraith, the coupe version of the iconic Ghost sedan, made its Korean debut on Tuesday at a laun...
Cruising down Seoul in the Fiat 500 will make you stand out. Out of the 1.5 million cars on the roads of this bustling metropolis, there are only about 100 of these iconic subcompacts to be seen, as it was the only launched in Korea in February. It’s not the first time that the Italian carmaker ...
Hotel Plaza in Seoul is the only luxury hotel that offers a concierge service for weddings. Other hotels provide a venue and catering service. But Plaza offers a concierge to oversee the whole process of the wedding. “A wedding concierge is required to be more experienced as they have to serve n...
Korea Eximbank extends $120m to Cambodia for road development
Daewoo E&C chairman meets Cambodian PM
CJ Olive Young's Q1 sales jump on strong overseas trade
Seoul sees further jump in cost of dining out
Metanation, Memetoon partner up for webtoon, short-form services
Woori partners with India’s Tata Motors in auto finance push