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...
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...
Malaysian unit struggles to become profitable
South Korea’s SK Magic, a home appliance rental business operator, changed its leadership late last month after suffering a three-year growth slump.
In a board meeting on June 30, the Seoul-based company appointed Kim Wan-seong...
The Seoul Central District Court postpones the date to April 17
The ruling on former DB Group Chairman Kim Jun-ki was delayed to April 17. Late last year, the 75-year-old tycoon is arrested for charges over alleged sexual assaults.
The Seoul...
A Seoul court rejects request for an arrest warrant
A son of Chong Kun Dang Chairman Rhee Jang-han was arrested on charges of filming sex videos, according to the police on April 2. Chong Kun Dang is one of the...
Chairman Cho may have to face proxy war: watchers
Hanjin Group Chairman Cho Won-tae might have to struggle to maintain his leadership over Korea’s 13th-largest conglomerate in the face of challenges from major shareholders, including his own family.
Chairman Cho reportedly...
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...
Tobacco firm adds newest product to its multi-category portfolio
BAT Rothmans announced on Feb. 14 that it had launched gloTM hyper X2, the latest product in its gloTM lineup, the company’s global heated tobacco brand, in South Korea.
The firm said...
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...
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...
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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...
