Chaebol

Type: Keyphrase
Name: Chaebol
First reported Jul 28 2014 - Updated 3 hours ago - 2 reports

Future unclear for Samsung bio business

Kim Byoung-joo President Park Geun-hye has reiterated that Korea’s future lies in building a creative economy, and the biopharmaceutical industry is often cited as a key pillar in such an economy.Out of the local conglomerates, Samsung Group has been ... [Published Korea Herald - 3 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 1 reports

Business Today: Risk factors amid absences of chaebol heads

Korea's conglomerates, known here at the chaebol, were instrumental in the development of the Korean economy and will continue to be a source of great economic strength in the future.But weak corporate governance is something that's been pointed out as ... [Published Arirang - 10 hours ago]
First reported Jul 28 2014 - Updated 12 hours ago - 1 reports

Samsung Z: NON-ANDROID Tizen phone DELAYED AGAIN

Top three mobile application threatsSamsung has postponed the launch of its new Tizen-powered mobe yet again, delaying the Samsung Z’s debut on the Russian market.The Z has been doing the rounds of developer conferences and events, but has yet to be spotted ... [Published The Register - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Taxing cash reserves

Few would dispute the ruling Saenuri Party is pro-business. The conservative party and its administrations have cut corporate taxes, controlled sharp wage inflation and revised laws when deemed cumbersome to business activities.The party and its administrations ... [Published Korea Herald - Jul 25 2014]
Entities: Chaebol, Taxes, FKI
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

LIG chairman convicted on fraud charges, handed jail term

The Supreme Court convicted LIG Group Chairman Koo Cha-won of fraudulently issuing commercial paper of more than 200 billion won ($194 million) and gave him a suspended sentence of three years in jail. Koo’s probation period is five years.His two sons, ... [Published Korea Joongang Daily - Jul 24 2014]
Entities: Koo Bon-sang, Fraud, Jail
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

A system worth pushing for

A long-anticipated, carefully prepared national agenda is faltering even before it gets underway. Its delay or cancellation, yielding to pressure from some interest groups, will only erode popular trust in government policy, and incur international r ... [Published Korea Times - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 2 reports

Pension service holds over 5% stake in 83 chaebol affiliates

The National Pension Service holds more than a 5 percent share in firms affiliated with the nation’s top 30 conglomerates, data showed Wednesday.South Korea’s state-run pension fund held such stakes in more than 83 conglomerate affiliates as of Monday ... [Published Korea Herald - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

How to enliven economy

President Park has only to keep her campaign promisesThe Park Geun-hye administration's anxiety to awaken the dormant economy, while understandable, seems to be going a little too far.While chairing a Cabinet meeting Tuesday, President Park called for ... [Published Korea Times - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Inside the Lee Family’s Struggle to Keep Grip on Samsung

With Samsung Group’s powerfulpatriarch entering his third month in a South Korean hospital,his family risks losing its grip on the conglomerate he builtinto a force from smartphones to life insurance.Lee Kun Hee, 72, took over from his father 27 years ... [Published Bloomberg - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

ASIA: Orix buys majority stake in Hyundai logistics

Tokyo-based Orix Corp, a finance and leasing company, has bought a majority share of Hyundai Logistics Co from Hyundai Group, in a deal that will help build cash for strapped shipowner Hyundai Merchant Marine. In a transaction reflecting the overlapping ... [Published Lloyd's List Daily Commercial News - Jul 22 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 2 reports

Korea's biz community opposes gov't move to tax cash reserves

South Korea's business community on Thursday protested proposals by the government to tax corporate cash reserves, stressing that such actions will only hurt investment and not benefit the economy.The Federation of Korean Industries (FKI), which represents ... [Published Korea Herald - Jul 17 2014]
Entities: FKI, Taxes, Chaebol, Dividend
First reported Jul 11 2014 - Updated Jul 12 2014 - 2 reports

[Editorial] Large corporations need to stop their wave of bad jobs

Posted on : Jul.12,2014 14:06 KSTLarge corporations bear more responsibility than its SMEs for the increasing use of indirect employment and irregular workers in the South Korean labor market, figures suggest. In a recent analysis by the Hankyoreh of ... [Published Hani.co.kr - Jul 12 2014]

Quotes

"If these workers are fired due to the sudden reduction of Samsung's production orders, Samsung is responsible for the fair and legal compensation of these workers, who will need to support themselves and their families without a job" the statement read
..." According to the ILO, wage growth can stimulate consumer demand and productivity, while "insufficient wage growth, and more broadly the polarization of income distribution, have contributed to the economic crisis." This contradicts the prevailing economic wisdom that restraining wages relative to those in competitive countries is necessary for sustained growth
"There is a need to approach taxation issues very carefully, and it is wrong to think that companies are hoarding excessive sums of money, when in fact they are not" the lobbying group for the chaebol said in a press release
"The government has made efforts to get out of low growth during the past year. However, the signs of recovery are still dim and the sluggish economy is getting more serious due to systematic problems like poor household income and irregular workers" Choi said

More Content

All (69) | News (63) | Reports (0) | Blogs (5) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
sort by: Date | Relevance
Future unclear for Samsung bio business [Published Korea Herald - 3 hours ago]
Business Today: Risk factors amid absences of c... [Published Arirang - 10 hours ago]
Samsung family struggles to keep grip on powerf... [Published San Diego Daily Transcript - Jul 28 2014]
Samsung Z: NON-ANDROID Tizen phone DELAYED AGAIN [Published The Register - Jul 28 2014]
Taxing cash reserves [Published Korea Herald - Jul 25 2014]
LIG chairman convicted on fraud charges, handed... [Published Korea Joongang Daily - Jul 24 2014]
A system worth pushing for [Published Korea Times - Jul 24 2014]
Pension service holds over 5% stake in 83 chaeb... [Published Korea Herald - Jul 23 2014]
How to enliven economy [Published Korea Times - Jul 23 2014]
Mon Dieu, Korea's Paris Baguette Is Now A Real ... [Published Forbes.com - Jul 23 2014]
NPS holds stakes of over 5 pct in 83 chaebol af... [Published Yonhap News Agency - Jul 23 2014]
Inside the Lee Family’s Struggle to Keep Grip o... [Published Bloomberg - Jul 22 2014]
ASIA: Orix buys majority stake in Hyundai logis... [Published Lloyd's List Daily Commercial News - Jul 22 2014]
Samsung looks to up Tizen market share ... by u... [Published The Register - Jul 22 2014]
Samsung supplier halts assembly line amid child... [Published The Register - Jul 22 2014]
Hyundai Group sells logistics unit to Orix [Published Manila Bulletin - Jul 21 2014]
Hyundai to sell logistics unit to Orix-led cons... [Published Yahoo! Malaysia - Jul 17 2014]
Korea should pursue wage-led growth [Published Korea Times - Jul 17 2014]
Korea's biz community opposes gov't move to tax... [Published Korea Herald - Jul 17 2014]
S. Korea's biz community opposes gov't move to ... [Published Yonhap News Agency - Jul 17 2014]
Finance minister peppers growth with caution [Published Korea Times - Jul 16 2014]
Orix Said to Agree to Buy Stake in Hyundai’s Lo... [Published Bloomberg - Jul 16 2014]
Simon Johnson on Government Bailouts: Who Gets ... [Published Wharton - Jul 15 2014]
Samsung, Hyundai Motor's clout in economy cause... [Published Korea Times - Jul 15 2014]
Lean, mean, new-gen screen [Published The Press NZ - Jul 14 2014]
Lean, mean, new-generation screen [Published stuff.co.nz - Jul 14 2014]
Samsung IPOs Keep Underwriters Busiest Since 19... [Published GARP - Jul 14 2014]
Excessive reserves [Published Korea Times - Jul 14 2014]
[Editorial] Large corporations need to stop the... [Published Hani.co.kr - Jul 12 2014]
Samsung Z mobe a NO-SHOW at Moscow Tizen Develo... [Published The Register - Jul 11 2014]
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South Korea’s household debt: Hole in won [Published The Economist - Finance & Economics - May 29 2014]
THE Asian financial crisis of 1997 hit Mr Lee hard. His interior-design firm folded and he was officially branded a bad debtor. But the ensuing boom in household credit hit him harder. As banks were newly deterred from lending to businesses, they turned ...
From Rags to Riches in One Generation [Published Zero Hedge - May 22 2014]
By: Miha Zupan at  http://capitalistexploits.at/ My first experience with South Korea (or Korea) goes back to my university era when I, more by coincidence than anything else, ended up in a student exchange program there. It was during that time ...
One Missing Jet, One Sunken Ferry, Two Responses [Published Anwar Ibrahim - May 03 2014]
http://www.bloombergview.com/articles/2014-05-01/one-missing-jet-one-sunken-ferry-two-responses There are no ideologues in a financial crisis, former Federal Reserve Chairman Ben Bernanke once said. Clearly the same doesn’t hold true for political crises, ...
Planet Plutocrat [Published Anwar Ibrahim - Mar 17 2014]
The Economist The countries where politically connected businessmen are most likely to prosper AMERICA’S Gilded Age, in the late 19th century, saw tycoons such as John D. Rockefeller industrialise the country—and accumulate vast fortunes, build palatial ...
One Emerging Market To Buy [Published Zero Hedge - Mar 09 2014]
Investors can't bail fast enough on emerging markets at the moment. And rightly so, given the potential for further problems as I highlighted in last week's post,  Emerging Market Banking Crises Are Next . But the indiscriminate sell-off of emerging ...
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