Management | BusinessKorea

Thursday, January 18, 2018

Management

The sale procedure of Daewoo Engineering and Construction will be started at the end of this month.
Beginning Selling-off Procedure
26 September 2017 - 12:15pm
The Korea Development Bank (KDB), the largest shareholder of Daewoo Engineering & Construction Co., will begin the sale procedure at the end of this month and select a preferred bidder by the end...
MBK Partners, Korea’s largest privately equity fund (PEF) management company, took part in a bid for Wall Street English (WSE), the world's largest language school.
Participation in WSE Bidding
26 September 2017 - 12:15pm
According to the IB industry on September 25, MBK Partners, Korea’s largest privately equity fund (PEF) management company, took part in a bid for Wall Street English (WSE), the world's largest...
GE chairman Jeffrey Immelt (left) is shaking hands with Hanwha chairman Kim Seung-yun to discuss ways to strengthen cooperation between the two companies in March this year. (photo courtesy: GE Korea)
Era of Smart Factory
22 September 2017 - 11:30pm
According to related industries on September 20, GE is expanding cooperation with key domestic companies such as POSCO, Hanhwa, and KEPCO to build smart factories. Currently, the world smart factory...
Rumors are circulating that FCA is regarding the Hyundai Motor Group as its potential buyer.
Possible Scenario?
21 September 2017 - 11:30am
Eugene Investment & Securities said in its report on September 19 that Hyundai Motor Group and Fiat Chrysler Automobiles (FCA) sold a total of 11.5 million cars last year, and the former can...
Hanjin Group chairman Cha Yang-ho, suspected of having spent his money on his home’s interior decorations, answered about some questions by reporters before entering the police headquarters on Sept. 19.
Dishonorable Matter
19 September 2017 - 7:15pm
Hanjin Group chairman Cha Yang-ho, suspected of having spent his money on his home’s interior decorations, visited the police headquarters on September 19. “I will cooperate with investigators,”...
SK Group Chairman Chey Tae-won speaks during the 2017 Icheon Forum at the SKMS Center in Icheon, Gyeonggi Province, on September 24. (photo courtesy: SK Group)
Wait and See
19 September 2017 - 1:00pm
South Korean companies are withdrawing from China as it has become difficult to do business there amid Beijing’s growing economic retaliation against Korea’s deployment of a U.S. Terminal High...
POSCO is causing controversies both at home and abroad by making a series of unethical business practices.
Ugly Face of POSCO
15 September 2017 - 11:45am
South Korean steel giant POSCO is causing controversies both at home and abroad by making a series of unethical business practices.  It has been found that POSCO reportedly forced a subcontractor...
Manager Chung Seung-in (2nd from right) and director Anthony (1st from right) of of PT. Jico Agung, and Choi Yong-ki (4th from right), head of Good Neighbors Indonesia pose with children. (photo courtesy: Daesang Corp.)
CSR in Indonesia
15 September 2017 - 11:45am
Daesang Corp. announced on September 14 that the company donated 40 million won (US$36,000) in a donation ceremony to promote the rights of children in Indonesia. The company has been sponsoring the...
The rapid growth of the Hanwha group’s sales and profitability was propelled by Hanwha Total and Hanwha Techwin that were acquired from Samsung in 2015.
Big Deal Effect
14 September 2017 - 1:30pm
As all the subsidiaries of Hanwha have evenly put up a good show, the total operating profit of Hanwha Group is expected to surpass 4 trillion won (US$3.54 billion) this year, reaching a record high...
The average monthly salary of employees working for South Korean companies was US$3,164 in 2016, equivalent to 92.6% of the average monthly salary of Japanese employees.
Wage Imbalance
14 September 2017 - 12:30pm
On September 13, the Korea Small Business Institute (KOSBI) released a report on the wage gap by company size. According to the report, the average monthly salary of employees working for South...
Shin Dong-joo, who is the eldest son of the family owning the Lotte Group, decided to sell most of his shares in Lotte Shopping, Lotte Chilsung Beverage, Lotte Food and Lotte Confectionery. (photo courtesy: SBS)
Going to Plan B?
13 September 2017 - 11:30am
SDJ Corporation announced on September 12 that its chairman Shin Dong-joo, who is the eldest son of the family owning the Lotte Group and a former vice chairman of Lotte Holdings Japan, would sell...
Samsung Life Insurance failed to pay insurance money according to the policy terms and provide less delay charges than standards.
Against Good Faith
12 September 2017 - 1:15pm
According to the Financial Supervisory Service (FSS), Samsung Life Insurance Co. failed to pay insurance money according to the policy terms and provide less delay charges than standards, so the FSS...

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