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Chairman's daughters from extramarital affair seen as risk to Celltrion's governance

Celltrion is facing uncertainties over Chairman Seo Jung-jin s potential handover of his management rights to his two sons, Celltrion Board Chairman Seo Jin-seok and Celltrion Healthcare Board Chairman Seo Joon-serk, as it was found recently that his two daughters from an extramarital affair had been recognized last year as his biological children, according to industry officials, Thursday. ....

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Celltrion founder is Korea's richest man: Forbes

By Kim Jae-heun
The richest person in Korea is Celltrion Chairman Seo Jung-jin, according to Forbes s World s Billionaires List of 2021 revealed Tuesday (local time). The American business magazine estimated the assets of billionaires around the world based on a number of factors, including their company s stock price and exchange rates.
Seo s net assets were valued at $14.2 billion (15.9 trillion won), ranking him as the 145th richest person in the world.
The pharmaceutical firm chairman was listed among the top three billionaires in Korea last year after late Samsung Group Chairman Lee Kun-hee at No. 1 and NXC CEO Kim Jung-ju at No. 2. ....

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Celltrion to boycott JPMorgan healthcare conference

Celltrion to boycott JPMorgan healthcare conference
Posted : 2020-12-24 15:42
US investment bank also loses pension fund s trust
By Park Jae-hyuk
Celltrion has decided not to attend JPMorgan Chase & Co. s annual healthcare conference scheduled for next month, after coming into conflict with the U.S. investment bank over a series of recent controversial reports accentuating its negative outlook for the Korean pharmaceutical firm
On Thursday, Celltrion said it recently informed the host of its decision. The company added it will instead focus on the development of its COVID-19 treatment. Celltrion completed Phase 2 trials for its CT-P59 antibody treatment last month and will likely ask the health authorities for conditional approval for use before the end of the year. ....

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JPMorgan's 'unreliable' outlook on Korean companies

JPMorgan's 'unreliable' outlook on Korean companies
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

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