Samsung Electronics Chief Operating Officer Lee Jae-yong, the eldest son of Samsung Group Chairman Lee Kun-hee, has been promoted to vice chairman of the Korean electronics giant, solidifying his position over management.The business group carried out its annual massive reshuffle of presidents on De…

The Korean export industry achieved the feat of surpassing $1 trillion in trade on Dec. 10, breaking the mark for the second consecutive year and joining the ranks of global top eight trade countries, knocking Italy down a notch. “External trade uncertainties, including future developments of …

President Lee Myung-bak and prize winners pose together for a group photo at a ceremony to mark the 49th anniversary of Trade Day at COEX in Seoul on Dec. 5.A ceremony to mark the 49th anniversary of Trade Day took place at COEX in Seoul on Dec. 5 with a festive mood in the air despite the glob…

The Korean Standards Association (KSA) has signed a deal with the American Society for Training & Development (ASTD) to exclusively publish the Korean version of ASTD’s monthly, T+D Magazine, which will make its debut next January.T+D Magazine is a monthly of human resources development with a …

"I  declare the Doosan Way to lead the Doosan Business Group, now at 116 years, for another 100 years,” Doosan Chairman Park Yong-man said. The message was contained in a recently released booklet on the business group’s management tenets he had been conceiving for eight years. The palm-…

Chairman Koo Ja-yol (Christopher) of LS Cable and System Co. took over as chairman of LS Group from his cousin Ja-hong (John), who has been the chairman of the splinter group from LG Group since 2003, based on a decision of the owner families of the three Koo brothers, the group announced on Nov. 11…

Honorary chairman of E1 Corp. and a founding member of the LG Group, Koo Pyong-hwoi passed away on Oct. 20 from chronic diseases at Asan Medical Center in Seoul. The fourth younger brother of the late LG Group patriarch In-hwoi was 86 years old.President Lee Myung-bak paid his respects on Oct. 23 to…

Hyundai Motor dedicated its plant in Brazil on Nov. 9 in a ceremony held in Piracicaba, the Sao Paolo State, Brazil, at the new car plant capable of turning out 150,000 sedans annually, the carmaker said recently.Chairman Chung Mong-koo in his dedication speech at the ceremony, said he hoped that th…

Samsung Electronics is shifting to a new brand paradigm geared toward becoming a global top five company by 2020. The Korean electronics giant has so far followed fragmentary strategies to enhance the company and each product’s brand. From now on, Samsung Electronics has decided to set its bra…