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Top Groups Prefer Retired Officials as Outside Directors: Data

Top Groups Prefer Retired Officials as Outside Directors: Data

SEOUL, Mar. 12 (Korea Bizwire) — South Korea’s key business groups still prefer retired government officials as outside directors despite alleged bribery involving former President Park Geun-hye and some conglomerates, data showed Monday. A total of 46 former government officials were appointed by the listed units of the top 10 family-controlled conglomerates this year, or [...]

Former High-rank Government Officials Favored for Outside Directors

Former High-rank Government Officials Favored for Outside Directors

SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s major business groups prefer retired public officers as outside directors, data showed Wednesday, in a widespread practice to expand their network in the government. According to corporate researcher CEO Score, 38.6 percent of 609 outside directors serving at 187 listed firms affiliated with the nation’s top 30 [...]