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A number of key officials of Lotte Group led by Chairman Shin Dong-bin clap hands at a ceremony to open the Lotte R&D Center in Magok, Seoul, on June 1. Lotte Group, Korea's food and retail giant, unveiled on June 1 its new research and development (R&D) center in eastern Seoul, vowing to s…
CJ Group Chairman Lee Jay-hyun (Photo: CJ Group)CJ Jeiljedang will formally make inroads into the frozen food market in Russia as the company now has taken over Ravioli, a frozen food company in Russia, for 30 billion won, the company announced on June 1. The company is on its way to taking a 90 per…
Hanwha Chemical President Kim Chang-beom hanwha Chemical has decided to mass produce an eco-friendly plasticizer that do not cause harm to human body. A plasticizer is added to rubbers and resins to impart flexibility, workability, or strechability.  Hanwha Chemical’s third plant at the Ulsa…
LSIS Chairman Koo Ja-kyun. (Photos: LSIS) LSIS said its executives and staff, together with members of the Environment Action Association, and 30 local residents, all chipped in to clean the Anyang Stream, flowing through Seoksu-dong, Anyang, Gyeonggi Province. The group cleared out all kinds of de…
Former Chairman Cho Suk-rae of Hyosung Group. (Photos: Hyosung Group) Hyosung Group published a collection of articles written by 80 people on its former Chairman Cho Seok-rae on May 31 through a Publication Committee led by Chairman Sohn Byung-doo, who also heads the Hoam Foundation as chairman. …
Chairman Suh Kyung-bae of AmorePacific Co.A view of Outrun, a sun cream to protect the skin of athletes who train under hot sun, developed by a Lean Startup, run by a number of volunteers among the employees to come with a brand new cosmetics brand for the company. Chairman Suh initiated the in-hous…
Chairman Shin Choon-ho of Nongshim Group.Vice Chairman Shin Dong-ik of Nongshim Mega Mart.Chairman Shin Choon-ho of Nongshim Group has been preparing for his eventual retirement by giving his shares in a number of key affiliates of the business group to his sons, the most recent being 100,000 shares…
Daesang President Chung Hong-won and JXTG NOE Chairman Dakehide Gasai pose with other company officials at  an event to dedicate the astaxanthin plant in Gunsan, Jeollabuk-do, on June 7. (Photo: Daesang Corp.) Daesang Group has dedicated an astaxanthin plant to mass produce the functional ingr…
Chairman Lee Young-kwan of Toray Advanced Materials Korea (TAK). Toray Advanced Materials Korea (TAK) has grown into Asia’s No. 1 spunbond nonwoven maker, but despite its global competitive edge, the company is less known to Koreans. TAK is a subsidiary of the world-class advanced materials compan…
Kia Motors has released the sports sedan “Stinger,” which is drawing public attention in Korea for its potential to help turn the tide on the automaker’s sagging performance. Kia Motors held a ceremony to release the Stinger on the market at the Inter-Continental Hotel in southeastern Seoul on…
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Economy/Finance
Chairman Cho Yong-byeong of Shinhan Financial Group.(Photo:SFG) Chairman Cho Yong-byeong of Shinhan Financial Group called for reforms over and beyond those performed in the financial industry to achieve its target of being a leading financial group…
Chairman Yoon Jong-kyoo of KB Financial Group reelected for another term. (Photo: KB Financial Group) Chairman Yoon Jong-kyoo of KB Financial Group is certain to serve another term with the Expanded Managerial Structure Committee of the group ready …
(from left) KEB Hana Bank President Ham Young-joo, Hana Financial Group Chairman Kim Jung-tai, President Min Ung-jun of Finnq Co., and SK Telecom President Park Jung-ho participate in a ceremony to release the financial application Finnq at the KEB H…
President Eun Seong-soo of the Export and Import Bank of Korea. (Photos: Eximbank) President Eun Seong-soo of the Korea Export and Import Bank (Eximbank) said he will try to find export-type new industries in the 4th Industrial Revolution and engage…


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