SOUTH KOREA

SOUTH KOREA

Jung Yong-jin’s Ascension to Shinsegae Group Chairman: Timing and Challenges Ahead

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Jung Yong-jin,Promotion,Leadership Reinforcemen,Criticism,Expectations

Shinsegae Group announced Jung Yong-jin’s elevation on March 8, marking a notable progression in his 29-year journey with the company. Despite this advancement, his operational role remains largely unchanged, with his mother, Lee Myung-hee, continuing as the overarching chairperson, maintaining the family’s stewardship over the conglomerate. The transition has been interpreted as a strategic decision … 더 읽기

Strengthening Korea-China Economic Ties: A New Era of Supply Chain Cooperation

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Organized by the Korea Employers Federation (KEF) in collaboration with the China International Multinational Corporations Promotion Association, this meeting, dubbed the 1st Korea-China Business Conference, symbolizes a renewed commitment to mutual growth and stability. The assembly witnessed the participation of heavyweight conglomerates such as Samsung Electronics, SK, and Hyundai Motor from Korea, and China Bank … 더 읽기

Korean Air Executive Compensation Surge: A Sign of Post-Pandemic Recovery or Disparity?

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Cho Won-tae’s remuneration is a sum of his earnings from both Korean Air and Hanjin KAL, with the former contributing 39.17 billion won and the latter 42.39 billion won. This increment comes after a long period of frozen executive compensations due to the financial strains induced by the COVID-19 pandemic. From April 2020 through 2022, … 더 읽기