Hyosung Group Honorary Chairman Cho Seok-rae s death at the age of 89 on Friday has been mourned by the heads of Korea s largest conglomerates and influential politicians of both ruling and opposition parties, as the deceased entrepreneur contributed to the Korean chemical industry s growth and economic ties with foreign countries, industry officials said Sunday.
Kim Seong-jin, a former presidential secretary under the previous Moon Jae-in administration, is seeking a seat in the National Assembly in the upcoming April 10 general elections, saying President Yoon Suk Yeol s economic policies are not improving people s livelihoods.
Hanjin Logistics Corp., an affiliate of the nation’s airline-to-logistics conglomerate Hanjin Group, said Monday it has hired two global specialists as part of efforts to enhance its presence in overseas markets, especially the US and China. Rone Jeong, a China specialist, joined Hanjin in December and will be tasked with ramping up the shipper’s presence in Asia by connecting with more air and ocean ship.
Meritz Financial Group is gaining momentum to possibly become Korea s third-largest financial service company by market capitalization after it was listed on the stock market in April 2023.
The trilateral diplomatic and economic relationship between Korea, the U.S. and Japan must be sustained even after their forthcoming elections next year, senior diplomats of Korea and the U.S. said Tuesday.