SEOUL, Jan. 16 (Korea Bizwire) — When it comes to buying stocks in South Korea’s family-run conglomerates, reading numbers on balance sheets may not be enough to predict their performance. What the owner family does often matters more. As several of such business groups, called chaebols locally, are preparing for managerial transfers to the third [...]
“In a difficult situation like now, we can trust no one but ourselves.Let’s not rest on our laurels or not shrink from the unfavorable market conditions. Let’s just soldier on to achieve bigger goals.” “Eight million units of sales performance is just a beginning. We should believe in ourselves and work harder to attain [...]
SEOUL, Nov. 16 (Korea Bizwire) — Of all registered executives of Korean publicly listed firms, Shin Jong-kyun, Samsung Electronics’ IT & mobile division president, was ranked as the highest paid executive for the first nine months of the year at 12 billion won (US$10.9 million). Chung Mong-koo, Hyundai Motor Group chairman, won the top position among [...]
![[Quote] “Secure Foothold in New Markets through Localization Strategy”…Hyundai Chairman](http://koreabizwire.com/wp/wp-content/uploads/2014/09/Chung-Mong-koo-chairman-of-Hyundai-Motor-Group.jpg "[Quote] “Secure Foothold in New Markets through Localization Strategy”…Hyundai Chairman")
“The Turkish plant was reborn last year as an important production base for the whole group to spearhead the entry into the European market. As localization has deepened in the areas of development, production, and sales, we must do our best to become a brand loved by European customers.” “With the plants in India and [...]