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Chairman Suh Kyung-bae of AmorePacific Group.(Photo Courtesy:AmorePacific: article by SK Lee)AmorePacific Group recorded a 14 percent boost in its sales revenue in 2013 thanks to a jump in profits in its overseas operations with sales rising to 3.895 trillion won and operating profit climbing to 469…
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(left) Samyang Co. has signed a deal to set up a joint-venture company to produce ion exchange resion. (right) Samyang Group Chmn. Kim Yoon, recently elected as the chairman of the Korea-Japan Economic Association.(Photos: Samyang Grouparticle by SKL)Samyang Co. and Mitsubishi Chemical Co.…
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President Nasser Al Mahasher of S-Oil.(Photo:S-Oil:article by SKL)S-Oil has been named the priority bidder by United Petroleum (UP), an oil retailer in Australia, to buy a stake in UP, S-Oil said recently.
The oil refiner in Korea said it participated in a bidding for a stake in UP and won exclusiv…
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Chairperson Choi Eun-young of Hanjin Shipping Co.Chairperson Choi Eun-young of Hanjin Shipping Co. has decided to turn over the company’s major areas of operation including the container shipping, bulk shipping, and harbor terminal operations to Hanjin Group and step down from managing the shipping…
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New President Pyo Hyun-myung of KT Kumho Rent-a-car (photo: courtesy of KT Kumho Rent-a-car, article by S. Y. Kim)KT Kumho Rent-a-car held a board of directors meeting and a shareholders’ meeting on Feb. 13 and approved the appointment of former KT Telecom & Convergence President Pyo Hyun-myung…
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A scene from the construction site of a 73-storey Wilshire Grand Center being built by Korean Air where a number of dignitaries gathered to hold a ceremony including L.A. Mayor Eric Garcetti, Chairman Cho Yang-ho of Korean Air and President A.C. Martin of AC Martin Partners, architect firm…
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POSCO Chairman-desigante Kwon Oh-joon
POSCO President and CTO Kwon Oh-joon has been nominated as the next chairman of POSCO, succeeding retiring Chairman Chung Joon-yang.
In a meeting on Jan. 16, POSCO’s board unanimously approved Kwon, 63, who was recommended by the CEO Succession Council and he…
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Samsung Group Chairman Lee Kun-hee
The phrase “Breaking Through the Limitations” popped up on Samsung Group’s intranet on the morning of Jan. 2 when the group held its New Year’s gathering at Shilla Hotel in downtown Seoul. The business buzzword also hung on the wall at the rostrum when the g…
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Yoon Boo-geun, president of Samsung Electronics Home Electronics Division, explains the “future home” at a news conference of CES 2014 in Las Vegas on Jan. 6.
Samsung Electronics announced on Jan. 1 the release of its 2014 Samsung Smart Control, the updated version of its Smart TV remote con…
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85” Bendable UHD TVSamsung Electronics Co., Ltd., the leader in TV technology for 8 years, announced on Jan. 8 it will bring its newly introduced 105” U9500 Curved Ultra High Definition (UHD) TV and 85” U9B Bendable UHD TV to consumers in the second half of 2014. Following the unveiling of these …
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Chairman Ham Young-joo of Hana Financial Group. (Photo: Hana Financial Group)Hana Financial Group joined the trend of logging record-breaking first-quarter earnings, achieving its highest performance since its merger with Korea Exchange Bank (KEB) wi…
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Chairman Yang Jong-hee of KB Financial Group. (Photos: KB Financial Group)KB Financial Group logged an all-time high net profit of about 1.9 trillion won in the first quarter of this year, driven by improved outcomes in the non-banking sector. K…
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KODIT CEO Kang Seung-jun (fifth from the left) poses for a photo with participants in the NEST AI-Lab Launch Ceremony on May 8. (Photo: KODIT)Korea Credit Guarantee Fund (KODIT) announced on May 11 that it held a launch ceremony for NEST AI-Lab at NE…
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Shinhan Bank President Jung Sang-hyuk poses for a photo with officials of FTP Corp. in Hanoi,Vietnam. (Photo: Shinhan Bank)Shinhan Bank announced on April 27 that it signed business agreements with major local financial and industrial institutions by…
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