Chairman Suh Kyung-bae of AmorePacific. AmorePacific recorded the best first quarter result in its history this year with sales rising 21.8 percent YoY to 1.759 trillion won and operating profit up a whopping 30.7 percent YoY to 419.1 billion won, the cosmetics giant said on May 4. AmorePacific po…

A slew of dignitaries led by President Aquino of the Philippines, center, attends a ceremony to bury a time capsule to commemorate the commencement of the Manila Subway construction on April 20 in Manila at the cost of $440 million.(Photo:Hyundai Rotem) Hyundai Rotem kicked off its first subway con…

The late LS Cable & System Honorary Chairman Koo Tae-hwoi LS Cable & System Honorary Chairman Koo Tae-hwoi, who had made a splash in the Korean business and political fields, died at the age of 93 on May 7. The late Koo, who served as vice speaker of the National Assembly, was an iconic sym…

Vice Chairman Chung Ui-sun of Hyundai Motor Group Hyundai Motor Group is set to officially launch the production of its automobiles in Mexico, where it set up its wholly-owned subsidiary in August 2014. Officials of the group said on April 22 that its affiliates which produce various auto parts, i…

SK Telecom President Jang Dong-hyun. SK Telecom is giving a helping hand to startups with its advanced ICT technologies.  The “Bravo! Restart” program is the telecom provider’s representative project designed to boost venture companies, thus boosting the creative economy. Forty six teams h…

Vice Chairman Koo Bon-joon of LG Corp. (Photo:LG Corp.) LG Electronics is forecast to achieve the best business performance this year since 2009 when the company posted 2,680.7 billion won, the highest-ever operating profit. LG Electronics announced the 1st quarter results on April 28: It chalked u…

Chairman Park Sam-koo of the Kum Asiana Group. The Kumho Asiana Group chairman’s long-awaited dream to bring back his business empire under his control is likely to be realized, with his reacquisition of Kumho Industrial, the de facto holding firm of the group. He also has been working to regain c…

Chairman Park Sam-koo of the Kumho-Asiana Group, who also leads the Visit Korea Committee dedicated to luring the visitors to the 2018 PyeongChang Winter Olympics in Pyeongchang, Gangwon Province. Kumho Asiana Group chairman Park Sam-koo was elected as the head of the Visit Korea Committee at a boa…

Chairman Chung Mong-koo,2nd R, guides the U.S. congressional delegation through a Hyundai Motor plant near Seoul, where some of the delegation members test drove EQ900, a luxury sedan of Hyundai Motor on March 28. (Photo: Hyundai Motor) Chairman Chung Mong-koo of Hyundai Motor Group told a group of…