Chey Tae-won Archives | Be Korea-savvy
SK Chairman to Be Released by Presidential Pardons; Hanwha Chief Excluded

SK Chairman to Be Released by Presidential Pardons; Hanwha Chief Excluded

SEOUL, Aug. 13 (Korea Bizwire) – President Park Geun-hye granted special pardons Thursday to high-profile businessmen and more than 6,500 others ahead of Liberation Day. “I decided to grant special pardons in order to help forge national reconciliation and revitalize the economy as well as to boost people’s spirits,” Park said in a Cabinet meeting. The [...]

AmorePacific Chairman, Richest Man in Stock Value in Korea

AmorePacific Chairman, Richest Man in Stock Value in Korea

SEOUL, July 3 (Korea Bizwire) – Suh Kyung-bae, chief of South Korea’s top cosmetics maker AmorePacific Group, has become the country’s richest man in stock value, overtaking former No. 1 Samsung Group Chairman Lee Kun-hee, market data showed Thursday. Stocks owned by Suh were valued at 12.8 trillion won (US$11.4 billion) as of Thursday, while [...]

SK Hynix Workers Help Subcontractors by Sharing Wage Increases

SK Hynix Workers Help Subcontractors by Sharing Wage Increases

SEOUL, June 8 (Korea Bizwire) – SK Hynix and its trade union introduced a new model for coexistence and cooperation with subcontractors by raising funds through the donation of part of their increased wages. On June 7, the world’s second largest DRAM chip supplier announced that it decided to implement the wage-sharing program to improve working conditions [...]