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Chaebol

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Name: Chaebol

First reported 1 hour ago - Updated 1 hour ago - 1 reports

LG Group

LG to award 400 bln won contracts to smaller firms

SEOUL, May 20 (Yonhap) -- LG Group, South Korea's fourth-largest conglomerate, said Monday that it will award 400 billion won (US$357 million) worth of contracts to smaller firms in what could be an apparent move to better ties with the government.According ... [Published Yonhap News Agency - 1 hour ago]

Entities: LG Group, Chaebol, Park Geun-Hye

First reported May 18 2013 - Updated May 18 2013 - 1 reports

OECD

Renewing the South Korean miracle

South Korea’s incoming president, Park Geun-hye, takes over a country that has been a global role model for economic development. But, with the economy slowing, it has become a model in need of renewal.The so-called “Miracle on the Han River” took root ... [Published McKinsey & Company - May 18 2013]

Entities: South Korea, OECD, Miracle on the Han River, Chaebol, Mortgages

First reported May 17 2013 - Updated May 17 2013 - 1 reports

NHN

Online portal's tyranny

When it comes to online search engines, Korea is among just a few countries in the world that are not dominated by Google, the global search engine leader, and this "small miracle’’ has been made possible by the presence of Naver, the nation’s biggest ... [Published Korea Times - May 17 2013]

Entities: NHN, Dictatorship, Search Engines

First reported May 17 2013 - Updated May 17 2013 - 1 reports

EMI schemes triple Samsung's sales

Simple innovations like large screen size, cheapest finance schemes and multi-tasking capability can make a world of difference to sales of personal gadgets like smartphones, says Vineet Taneja, the new country head for mobile and digital imaging at Samsung ... [Published DNA India - May 17 2013]

Entities: Samsung Group, India, Invention, Smartphone, Samsung Galaxy S4

First reported May 16 2013 - Updated May 16 2013 - 1 reports

3 firms in dire straits

Three firms have recently got into trouble for different examples of poor business ethics ― Namyang Dairy Products, Hyundai Steel and Janssen Korea.Namyang has seen a huge drop in sales due to massive boycotts for allegedly forcing wholesalers to buy ... [Published Korea Times - May 16 2013]

Entities: Hyundai Steel Co Ltd, Tylenol, Wholesaler, Namyang Dairy Products Co Ltd

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Diplomat's dog bites wife of Korean fat cat

A German diplomat's small dog has sparked a minor diplomatic kerfuffle after his dachshund bit the elderly wife of the head of one South Korea's biggest companies.Single women 'too much trouble' for allotments (15 May 13)Germany pets Justin Bieber’s monkey ... [Published The Local Germany - May 15 2013]

Entities: Chaebol, German Foreign Ministry, Justin Bieber, Seoul

First reported May 15 2013 - Updated May 15 2013 - 1 reports

[Editorial] Reflection on the 25th anniversary of the Hankyoreh

, the day the Hankyoreh went into print as the world’s first citizen-owned newspaper. These grueling years have been spent wrestling with poor capital conditions and repressions both tangible and intangible by political and economic authorities. That ... [Published Hani.co.kr - May 15 2013]

Entities: Democracy, South Korea, Chaebol, Lee Myung-bak, Powerful

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Don’t fear Abenomics, Korea

Shinzo Abe has announced a major monetary expansion, or quantitative easing, that seeks to boost Japan’s inflation rate to 2 percent. This was met with considerable skepticism. Korea’s exporters worry that an inflationary, depreciating yen will reduce ... [Published Korea Joongang Daily - May 13 2013]

Entities: Japan, Chaebol, Stagnation, Bank of Japan, Pusan National University

First reported May 13 2013 - Updated May 13 2013 - 1 reports

FTC seeks passage of bills on chaebol reform by June

Fair Trade Commission chairman Noh Dae-lae said Monday that the country’s antitrust agency remained steadfast in its determination to amend some of its rules and regulations governing family-run conglomerates for fairer market practices.It seeks to pass ... [Published Korea Herald - May 13 2013]

Entities: Chaebol, Democratization, Antitrust

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Corporate killing law

A fire at a cold storage unit on the outskirts of Seoul killed 40 construction workers in January 2008: the only punishment given to the owner was a 20 million won ($18,000) fine. Likewise, distribution giant E-mart got off with a meager 1 million won ... [Published Korea Times - May 13 2013]

Entities: Workers, Hyundai Steel Co Ltd, Oxygen, Chaebol, SK Hynix Inc.

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Samsung developing ultra-high speed 5G technology

The Galaxy S4 is one of the latest 4G-enabled smartphones.(Credit: Samsung)Imagine streaming a Blu-ray-quality movie over the Internet to your smartphone in the not so distant future. That's just one of the likely applications for a new 5G technology, ... [Published CNET Asia - May 13 2013]

Entities: Samsung Group, 4G, Chaebol, Smartphone

First reported Apr 30 2013 - Updated Apr 30 2013 - 2 reports

Korea Inc hollowing out, Weak exports show

April exports seen up but largely on calendar effect Seoul: Korea Inc, like Japan 20 years ago, is hollowing out. Exporters like Samsung Electronics are shifting more and more production offshore, changing the shape of Korea?s economy and the role it ... [Published Gulf News - Apr 30 2013]

Entities: Korea Investment, South Korea, Samsung Electronics Co Ltd, OECD

Quotes

...online search engines, Korea is among just a few countries in the world that are not dominated by Google, the global search engine leader, and this "small miracle’’ has been made possible by the presence of Naver, the nation’s biggest homegrown portal site."

Online portal's tyranny [Published Korea Times - May 17 2013]

"The victims claim the dog suddenly bit the woman's thumb, and when the son tried to stop it with an umbrella, the diplomat kicked him in the right leg and shoved both him and his mother."

Diplomat's dog bites wife of Korean fat cat [Published The Local Germany - May 15 2013]

...sector could compensate for the skewing of manufacturing, but McKinsey observes that, despite all the hubbub today about Korean entertainment acts, "South Korea has too many low value-added local services and few high-value services." (Thatâs the title of a quadrant graphic that takes a high-wattage brain to figure out.)

McKinsey Would Like a Word With President Park [Published Forbes.com - May 06 2013]

정선섭 재벌닷컴 대표는 "재벌가 어린 자녀들에 대한 주식증여가 늘면서 어린 연령대 주식부자가 계속 증가하고 있다'며 '중과세 대상에서 빠질 수 있고 사회적 비판여론도 피할 수 있는 소규모 증여가 빈번하게 나타난다'고 설명했다."

More chaebol children stock-rich [Published Korea Times - May 05 2013]

More Content

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LG to award 400 bln won contracts to smaller firms [Published Yonhap News Agency - 1 hour ago]
South Korea: The little dynamo that sneaked up ... [Published Christian Science Monitor - 10 hours ago]
Kaesong businessmen languish, wishing they coul... [Published Hani.co.kr - May 18 2013]
Renewing the South Korean miracle [Published McKinsey & Company - May 18 2013]
Online portal's tyranny [Published Korea Times - May 17 2013]
EMI schemes triple Samsung's sales [Published DNA India - May 17 2013]
3 firms in dire straits [Published Korea Times - May 16 2013]
Diplomat's dog bites wife of Korean fat cat [Published The Local Germany - May 15 2013]
LG Electronics Steps Up LED Lights Business [Published KOREA IT TIMES - May 15 2013]
[Editorial] Reflection on the 25th anniversary ... [Published Hani.co.kr - May 15 2013]
Samsung to Break-into 5G Technology by 2020 [Published International Business Times Australia - May 15 2013]
STX creditors start bailing [Published Korea Joongang Daily - May 15 2013]
KT’s early morning broadside ignites fracas ove... [Published Korea Joongang Daily - May 14 2013]
Towards stronger EU-Asia relations [Published Real Instituto Elcano - May 14 2013]
Samsung to break-into 5G technology by 2020 [Published Industry Leaders Magazine - May 14 2013]
Don’t fear Abenomics, Korea [Published Korea Joongang Daily - May 13 2013]
FTC seeks passage of bills on chaebol reform by... [Published Korea Herald - May 13 2013]
Corporate killing law [Published Korea Times - May 13 2013]
Samsung developing ultra-high speed 5G technology [Published CNET Asia - May 13 2013]
Apple Inc. (AAPL), Nokia Corporation (ADR) (NOK... [Published InsiderMonkey.com - May 10 2013]
Namyang Dairy in crisis [Published Korea Herald - May 08 2013]
Panasonic Viera TH-L50DT60 [Published CNET Asia - May 08 2013]
Chaebol foundations increase spending last year [Published Yonhap News Agency - May 08 2013]
Venerable professor lectures on the state of ou... [Published Korea Joongang Daily - May 07 2013]
Chaebol joins 'shared growth' drive [Published Korea Times - May 07 2013]
Staking the firm’s place in multiple societies [Published Insead Knowledge - May 07 2013]
Opposing chaebol agriculture [Published Hani.co.kr - May 07 2013]
More chaebol kids are stock multimillionaires [Published Hani.co.kr - May 07 2013]
McKinsey Would Like a Word With President Park [Published Forbes.com - May 06 2013]
Environmental group accuses Apple and Samsung o... [Published CNET Asia - May 06 2013]

Blogs

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Samsung announces Orange Galaxy Pop for South K... [Published Newlaunches.com - Mar 11 2013] Samsung has given the Note 2 , Galaxy S2 , Note and the Galaxy SIII the pink treatment. Some of these devices were launched in international markets while some were exclusive to the Chaebol’s home market of South Korea, another addition to the ...
Google and Samsung: The Light Bulb Clicks On [Published Beyond Search - Feb 26 2013] I live in rural Kentucky. I am semi retired, and I don’t fiddle with gadgets like Google Glass which seems like a sure fire way to get hit by a mule drawn cart here in Harrod’s Creek. I noted in January 2013 that the poobahs monitoring Google and its ...
Back to the Blue House [Published Banyan - The Economist - Feb 25 2013] IT WAS 34 years ago that Park Geun-hye left Cheong wa Dae (the “Blue House”), South Korea's presidential mansion. Her father, Park Chung-hee, was the autocratic strongman who led the "miracle on the Han river" in the 1960s and 70s. From 1974 until ...
Android Analysis Misses a Consideration [Published Beyond Search - Jan 21 2013] I liked “ What Does Google need from Android? ” The article points out that Google is a key player in the mobile world. Mission accomplished. The hitch in the git along, however, is that revenue from mobile ads is different from desktop browser ads. ...
Scaling Up Without Losing Your Edge [Published HBR Blog Network - Jan 17 2013] Forty years ago, British economist E.F. Schumacher, one of the fathers of the Green movement, declared that "small is beautiful" and called for "a new orientation of science and technology towards the organic, the gentle, the non-violent, the elegant ...