Hyundai Motor Co. Chairman Chung Mong Koo was ordered by a court to pay the company 74.6 billion won ($66 million) for unfairly helping affiliates at the expense of the automaker he’s led for a decade.
South Korean President Park Geun Hye called on the heads of the country’s biggest industrial companies to increase investment and promised she would prevent regulations from obstructing their business activities.
With North Korea escalating its threats to test a ballistic missile, South Korean President Park Geun Hye was conferring with Bill Gates on another pressing matter. Seated across from Microsoft Corp.’s billionaire co- founder on April 22 at a formal dining table in the Blue House, her official residence, Park picked the tech mogul’s brain about how to nurture entrepreneurs to keep the world’s 15th-largest economy humming.
A decade-long feud that split one of South Korea’s most powerful families now puts a former Girl Scout leader against the nation’s second-wealthiest man in a $2.5 billion fight for the country’s biggest construction company.
Two years ago, Lee Eun Yul made an unusual choice for a South Korean student: to do her master’s degree in Shanghai instead of the U.S. She says the decision helped land her a job at Samsung Electronics Co., the top pick for graduates.
Ted Chung, chief executive officer of South Korea’s biggest consumer finance company, was on a business trip in Copenhagen in April 2011 when his deputy called in a panic. Hackers had broken into computer servers at Hyundai Capital Services Inc., stealing customers’ personal information. Stunned, Chung hopped the Hyundai jet back to Seoul.
President Park Geun Hye arrived in Beijing today with the biggest-ever business delegation to join a South Korean leader’s state visit, signaling the importance she puts on China in boosting her nation’s economic fortunes.