Lotte Group Chairman Shin Dong-bin was rated as the highest-paid business tycoon among South Korea's major conglomerates in the first half of 2023, data showed Friday. Shin received a total of 11.2 billion won (US$8.4 million) in paychecks over the January-June period from six affiliates, slightly up from 10.2 billion won tallied a year earlier, according to the group's regulatory filing. Of the total, he r.
There is growing skepticism over the success of Korean Air s efforts over the last three years to acquire Asiana Airlines, according to industry officials, Wednesday.Such concerns have emerged as antitrust regulators of the U.S. and the European Union kept delaying their approvals for the deal and asked Korean Air to come up with more effective measures to prevent a monopoly after the merger.
Korea s four largest business groups, which left the Federation of Korean Industries (FKI) in 2016 due to its connection in a bribery scandal involving impeached former President Park Geun-hye, are about to rejoin the business lobby which will come under the leadership of a new chairman after the general meeting on Aug. 22, according to industry officials, Tuesday.
South Korea’s flag carrier Korean Air attracted the attention of the global airline industry during the annual gathering of the International Air Transport Association held in Istanbul last month, during which it shared its enhanced efforts for more sustainable management. Korean Air said it has focused on environmental, sustainable and governance management since 2021, and the same year also released its own E.