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Family, business leaders mourn Hyosung honorary chairman

Business leaders joined relatives to mourn the death of Cho Suck-rai, the honorary chairman of Hyosung Group, a textile giant, on Sunday. Cho died of a chronic illness Friday at the age of 89. Cho led the textile giant from 1982 until 2017, when he stepped down from the top management position due to health issues. His eldest son, Cho Hyun-joon took the baton to lead the conglomerate. On Saturday, Samsung Electronics.

South koreaSoult ukpyolsiSouth koreanCho hong jeLee seo hyunYoon suk yeolChung euisunLee kun heeChung ji sunLee byung chulCho hyun joonLee myung bakHyosung groupHyundai motor groupHyosung corporationSeoul national university

Hyundai Department Store chief pledges agility to meet evolving customer needs

The expectations of customers and partner companies are increasing, making the conditions for collaboration to create new value more demanding, the chairman said in his New Year s message to employees. To address this, we need to find solutions that can create new value using not only collaboration among affiliates but also various external networks.

Soult ukpyolsiSouth koreaChung ji sunBaek byung yeulHyundai department store groupCourtesy of hyundai department store groupHyundai seoulHyundai department storeNew yearChairman chungSouth koreaHe korea timesOrea timesOrean news in english

Big retailers agonize over CEO reshuffles amid business uncertainties

Ahead of regular executive appointments scheduled for the end of this year, tension is rising internally at Korea s big three retailers: Shinsegae, Lotte Shopping and Hyundai Department Store. Companies have been agonizing over whether or not to keep their CEOs amid the current uncertain business environment caused by high inflation and the depreciation of the Korean currency against the U.S. dollar.

Soult ukpyolsiSouth koreaTaejon gwangyoksiUnited statesChung ji sunKim jae heunKang heui seokLotte martNational assemblyLotte groupShinsegae department store in jung districtHyundai departmentShinsegae department storeJung districtKorea timesDepartment store

Daejeon mall fire investigated for violations of Serious Accidents Punishment Act

Police and forensic inspectors on Thursday continued their investigation into a deadly mall fire earlier this week in Daejeon. They have been searching for evidence that the fatal incident could be a result of mismanagement of the mall s fire prevention systems. If that turns out to be the case, Hyundai Department Store Group, the mall s operator, will most likely face prosecution.

South koreaTaejon gwangyoksiChung ji sunLee jung sikHyundai department store groupKorea electric safety corpNational fire agencyNational forensic serviceHyundai premium outletYuseong districtKorea electric safetyLabor minister lee jung sikSerious accidents punishment actHyundai premium outlets

Death toll climbs to 7 in Daejeon outlet mall fire – The Korea Times

Death toll climbs to 7 in Daejeon outlet mall fire – The Korea Times
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Taejon gwangyoksiSouth koreaSoult ukpyolsiChung ji sunHyundai department store groupNational forensic serviceHyundai premium outletNational forensic