Hanwha Archives | Be Korea-savvy
Chaebol Rankings Seesaw Over Two Decades

Chaebol Rankings Seesaw Over Two Decades

SEOUL, Nov. 1 (Korea Bizwire) — Nearly two-thirds of South Korea’s top 30 conglomerates have been dissolved or dropped out of the standings since the 1997 Asian financial crisis, a market tracker said Wednesday. According to corporate tracker CEO Score, 19 family-controlled conglomerates, called chaebol here, disappeared altogether from the list with the remainder maintaining [...]

Corporate “Control Towers” Overseeing Korean Conglomerates

SEOUL, Dec. 7 (Korea Bizwire) – Samsung vice chairman Lee Jae-yong’s reluctant promise during Tuesday’s parliamentary hearing over the Choi Soon-sil scandal to disband the group’s Future Strategy Office – the key department responsible for the group’s decision-making process for all Samsung affiliates – has raised questions as to how other Korean conglomerate groups’ so-called [...]

New Duty-Free Stores in Seoul Suffer Deficit

New Duty-Free Stores in Seoul Suffer Deficit

SEOUL, Nov. 16 (Korea Bizwire) – The duty-free stores that have newly opened in Seoul have seen operating losses this year as heavy marketing costs in the highly competitive market eroded their profitability, their financial documents showed Wednesday.  Five duty-frees stores opened new shops in the capital city after winning licenses in two bids — [...]

Gallery Duty Free Selects 3 Part-Timers for $20,000 Weekly Pay

Gallery Duty Free Selects 3 Part-Timers for $20,000 Weekly Pay

SEOUL, Sept. 8 (Korea Bizwire) – Galleria Duty Free 63, a duty-free store run by Hanwha Galleria, said Thursday it has picked three part-timers who will get paid US$20,000 for one week of marketing and brand-advertising activities.  Galleria Duty Free 63 put out the ad for the high-paid part-timers after fully opening its outlet in [...]

Galleria Duty Free 63 Opens Offering Differentiated Service

Galleria Duty Free 63 Opens Offering Differentiated Service

SEOUL, July 15 (Korea Bizwire) – Galleria Duty Free 63 officially opened on Friday, and it’s offering more than just duty free products.  The new duty free store, located in Seoul’s iconic 63 Building, is operated by Hanwha Galleria, a subsidiary of Hanwha Group. Since its ‘Free Opening’ in December 2015, the store has recorded [...]

Regulations Pushed Aside to Speed Up Plant Construction

Regulations Pushed Aside to Speed Up Plant Construction

CHUNGJU, April 5 (Korea Bizwire) – A new solar cell plant being built for Hanwha Q CELLS Korea is in the spotlight as a model of regulatory reforms. Since last year, one of the hottest topics in business circles is the government’s so-called ‘forward-looking regulatory reforms’. The goal is to amend unreasonable regulations that stifle economic growth. [...]