Shares of SK Group s holding company extended a steep rally on Friday after the latest court ruling that the group s chairman Chey Tae-won should pay 1.38 trillion won ($1 billion) to his estranged wife Roh So-young in a property settlement.
Korea needs to introduce a systemic and sophisticated e-commerce-related regulatory framework, like the ones implemented by the European Union (EU), as the lack of a legal basis here delays the timely checks needed concerning emerging threats posed by AliExpress and Temu to Korean e-commerce companies, experts said.
KT&G succeeded in appointing Senior Executive Vice President Bang Kyung-man as its new CEO, Thursday, overcoming opposition from the Industrial Bank of Korea (IBK), its largest shareholder, and the activist fund Flashlight Capital Partners (FCP), as well as from Institutional Shareholder Services, the world’s leading proxy adviser.
President Yoon Suk Yeol on Friday approved his nomination of Cho Hee-dae as the new chief justice of South Korea s top court, ending the rare, monthslong judiciary leadership vacuum. Yoon s approval came hours after the National Assembly voted 264-18 for the nomination of Cho, who was formerly a Supreme Court justice until his retirement in 2020. Cho passed the parliament s confirmation hearing earlier this week. Cho.
Yoon Nominates New Supreme Court Chief Justice chosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chosun.com Daily Mail and Mail on Sunday newspapers.