Korea Joongang Daily
Korea JoongAng Daily

SK chairman ordered to pay $1 billion in divorce settlement case

The Seoul High Court ruled that Chey Tae-won must pay his estranged wife, Roh Soh-yeong, around 36 percent of his fortune in their bitter divorce settlement case.

2024-05-30

SK rises as second most valuable conglomerate, data firm says

SK Group, Korea's chip-to-battery conglomerate, emerged as the second most valuable conglomerate after Samsung Group on the Korean stock markets at the end of March, a corporate data firm said Tuesday.

2024-04-16

How can Korea fix its birthrate? More corporate jobs, think tank says

A report from the Korea Development Institute argues that a shortage of jobs at conglomerates is affecting Korea's fertility rate and female employment as employees of smaller firms struggle to access parental welfare programs.

2024-02-27

Chaebol children make a name for themselves in entertainment

Previously kept hidden under a veil of secrecy, heirs of chaebol, or Korean family-run conglomerates, are increasingly venturing into the public eye as professional entertainers or through social media.

2024-02-18

Korean conglomerates surpass 3 million employees as SMEs shrink

The number of employees at Korean conglomerates exceeded 3 million for the first time last year, reaching 11 percent of the overall employment at local companies, while the number of employees at SMEs fell to its lowest level.

2024-01-22

Samsung family to sell $2.12 billion worth of company shares to pay inheritance taxes

Samsung Group's family members plan to sell nearly 2.8 trillion won ($2.12 billion) worth of their shares in Samsung Electronics and other affiliates in a block deal in an apparent bid to pay inheritance taxes.

2024-01-11

Samsung Chair Lee Jae-yong got $2 billion richer this year

Corporate tracker CEO Score has updated its list of Korea's 100 wealthiest individuals. Samsung Electronics Executive Chairman Lee Jae-yong has remained in the top spot, followed by his family members.

2023-12-27

Samsung Chair Lee Jae-yong is now a viral meme

Samsung Electronics Executive Chairman Lee Jae-yong has become a meme after a photo of him making a shushing gesture went viral. The photo was taken during a visit to Busan, where Lee was supporting the city's development as a "global hub."

2023-12-08

Financial conglomerates' capital adequacy improves in first half, FSS data shows

Financial conglomerates' capital adequacy ratio improved in the first half of this year, as a new accounting rule helped their insurance units solidify capital structure, data showed Wednesday.

2023-11-08

More than a dozen chaebol scions indicted on alleged drug use

More than a dozen of second- or third-generation scions of Korean family-owned conglomerates have been indicted on charges of habitually using and selling marijuana, prosecutors said Thursday.

2023-01-26