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Kolon honorary chairman tasked with finding next FKI chief

Kolon Group Honorary Chairman Lee Woong-yeul was appointed to lead a committee to recommend candidates for the next Federation of Korean Industries (FKI) chairman, according to the business lobby group, Monday. The FKI said Lee was given plenary authority to supervise the recommendation process.

GS Group donates W4b to Community Chest of Korea

GS Group donates W4b to Community Chest of Korea | GS Group Chairman Huh Tae-soo. (GS Group) South Korea’s eighth-largest conglomerate GS Group has donated 4 billion won ($3.67 million) to the Community Chest of Korea, in a gesture to help the socially vulnerable, the group said Wednesday. The business group has been making year-end donations to the charity organization since 2005 and the latest contribution has brought the accumulated total amount to 60 billion won. “We hope to offer help and comfort to those who are going through difficult times due to the COVID-19 crisis,” the group said in a release. The energy and retail conglomerate also vowed to make the best use of its affiliates’ professional capacities to carry out sustainable activities to care for society and ultimately help the vulnerable stand on their own feet.

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