"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…

Chairman Lee Kun-hee of Samsung Group emphasized that the group should take on the development of electric batteries, solar batteries, LED, bio-pharmacy, and medical equipment as key growth engines for the group at a cost of 23 trillion won by 2020 at a lunch on Nov. 8 with the heads of the group’s…

POSCO may launch emergency operations from next month to cope with the slowdown in the world economy, the excess output of steel products, and no sign of recovery yet in sight. Chairman Chung Joon-yang in what will be called the Innovative Festival, or IF, will officially declare the event on Dec. 5…

Daesang Corp., under its vision to work for the creation of future wellbeing, has been going all out to boost its annual sales to 5 trillion won and operating profit to 500 billion won by 2016, the 60th anniversary of its founding in 1956.The food company has been pursuing the globalization and segr…

CJ Cheiljedang has decided to secure half of its annual sales from abroad from next year to upgrade its position as a trailblazing global food and bio enterprise.To achieve the goal, the company will push the localization of its products and brands overseas and continue to invest in R&D activiti…