Chairman Woo is board members of 32 SM affiliates
Most people may not know much about SM Group, a mid-tier Korean conglomerate that has gained weight through proactive mergers and acquisitions (M&A).
When it comes to control of subsidiaries by a...
Chairman Cho dies at age of 70
Hanjin Group Chairman Cho Yang-ho died from a chronic ailment in Los Angeles, the conglomerate said on April 8. The tycoon, who has led the world’s top-tier transportation conglomerate for the last two...
Hanwha heir punished for drug use
One of the most-read stories of last month was about Hotel Shilla CEO Lee Boo-jin, who is accused of having taken an addictive drug of propofol, which cannot be administered for recreational purposes.
A former...
Korea's top carrier to stop serving peanuts
It seems that not a single day goes by without Korean Air making headlines. This time around, it is about peanuts, with which the country’s flag carrier has some history.
The Seoul-based company announced...
Chief executives of flag carriers suffer setbacks
Heads of Korea’s two flag carriers quit their jobs in two days _ one was ousted, and the other decided to leave the top position amid the uproar over an audit report.
Kumho-Asiana Group...
NPS flexes muscle in shareholders' meetings
After Hanjin Chairman Cho Yang-ho was ousted from the board of the group’s top affiliate Korean Air, watchers come up with analysis on who is the next victim of the National Pension Service (NPS).
The...
Hanjin chief shot himself in the foot
Hanjin Chairman Cho Yang-ho was kicked out of the boardroom of the group’s flagship unit Korean Air on March 27 as shareholders voted against his re-appointment as director.
At their meeting, 64.09 percent of...
Shareholders vote against Cho's re-appointment
Scandal-hit Hanjin Group Chairman Cho Yang-ho was forced off the boardroom of the group’s iconic subsidiary Korean Air as the company’s shareholders voted against his re-appointment as director on March 27.
In a proxy war involving...
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Upbit successfully detects crypto frauds
Korean outfit comes up with advanced anti-fraud system
South Korea’s leading crypto-exchange Upbit announced on Sept. 26 that the outfit had discovered fraudulent exchanges amounting...
