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DSME seeks to localize key eco-friendly motor technology | Hellenic Shipping News Worldwide

DSME seeks to localize key eco-friendly motor technology | Hellenic Shipping News Worldwide
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South Korea , Hyosung Group , Hyosung Heavy Industries , Daewoo Shipbuilding , Marine Engineering , Hyosung Heavy , தெற்கு கொரியா , ஹயொசுங் குழு , ஹயொசுங் கனமான தொழில்கள் , டேவூ கப்பல் கட்டும் , கடல் பொறியியல் , ஹயொசுங் கனமான ,

Hyosung launches ESG management committee


Hyosung launches ESG management committee
Posted : 2021-04-30 15:15
Updated : 2021-04-30 17:12
Hyousung Group Chairman Cho Hyun-joon calls environmental, social and corporate governance (ESG) management a must-have identity for the conglomerate to become a premium brand in the global market. Courtesy of Hyosung Group
By Yi Whan-woo
Hyosung Group has launched a new environmental, social and corporate governance (ESG) committee to enhance and bolster efforts for co-prosperity between the business sector and society, the conglomerate announced Friday.
The committee is expanded from an existing one that focused on reforming the conglomerate s governance structure and introducing transparent management. The decision was made during a board of directors meeting, Thursday. ....

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Coupang chief Kim Bom-suk not on chaebol 'watch list'


Posted : 2021-04-29 16:42
Updated : 2021-04-30 08:44
Coupang founder and Chairman Kim Bom-suk poses after Korea s e-commerce giant was listed on New York Stock Exchange in March. Korea Times file
By Yi Whan-woo
The Fair Trade Commission (FTC) announced Thursday it added Coupang to its new chaebol watch list but that Kim Bom-suk, the founder and chairman of the Korean e-commence giant, was not named as the company chief due to his nationality.
This means that Coupang faces stricter filing regulations, such as disclosing detailed information on management and business activities, but Korean American Kim and his family will avoid those regulations as well as accountability for any violations or scrutiny of his personal financial deals. ....

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Hyundai, Hyosung request FTC to recognize new group chiefs


Hyundai, Hyosung request FTC to recognize new group chiefs
Posted : 2021-03-02 16:00
By Nam Hyun-woo
Hyundai Motor Group and Hyosung Group requested that the Fair Trade Commission (FTC) recognize their new chairmen, according to the Fair Trade Act, which regulates chaebol s business practices.
This recognition bears significance because it determines the FTC s scope in considering whether certain companies are affiliated as a conglomerate or not. That status subsequently decides which companies are subject to regulations on conglomerate owners unfair profiteering from intra-affiliate trading.
According to industry officials, Hyundai Motor Group has recently requested the FTC to recognize Chairman Chung Euisun as the group s chief, according to the act. If the antitrust agency accepts this request and announces Chung as the chief, the automobile giant will have a new legal chief for the first time in 21 years. ....

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