SEOUL, Jan. 9 (Korea Bizwire) – Saturday’s arrest of Hanwha Group Chairman Kim Seung-youn’s third son, Kim Dong-seon, has once again brought to attention the somber history of criminal convictions that the chaebol family has suffered over the years. The younger Kim was apprehended by the police on January 5 for assaulting two employees at [...]
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 [...]
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 — [...]
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 [...]
SEOUL, Jul. 24 (Korea Bizwire) – South Korea’s Hanwha Group on Sunday said its ranking on the list of the top 500 companies compiled by the U.S. business magazine Fortune shot up in 2016 from a year earlier, apparently helped by its merger and acquisition deals. The defense and chemical conglomerate was placed in the [...]
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 [...]
SEOUL, May 25 (Korea Bizwire) – South Korea’s top 30 business groups reduced the number of their executives by about 500 over the past year due mainly to downsizing and business restructuring moves, data showed Wednesday. The total number of senior executives at the 30 largest conglomerates was 9,632 as of May 16, down 484, [...]
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. [...]
SEOUL, March 30 (Korea Bizwire) – Hanwha Techwin Corp., a defense unit of major South Korean business group Hanwha, is set to take over a defense affiliate under power and construction equipment conglomerate Doosan, for 700 billion won (US$600 million), industry sources said Wednesday. Hanwha Techwin was picked as the preferred bidder for Doosan DST, beating [...]
SEOUL, Dec. 22 (Korea Bizwire) – Hanwha Galleria, a retail unit of South Korean conglomerate Hanwha, said Tuesday it will partially open its first duty-free store at 63 City Building in downtown Seoul next week. Hanwha Galleria plans to open 60 percent of the proposed space in the gold-tinted skyscraper in Yeouido, a must-stop destination [...]