Hyundai set to beat Volkswagen in market cap
As far as market share is concerned, Hyundai Motor Group is the world’s No. 5 player. But when it comes to market capitalization, it is closing the gap on the runner-up spot. As of the end of Tuesday, the combined market capitalization of Hyundai Motor Group’s top two brands ― Hyundai Motor and Kia Motors […]
$100 billion encounters
KB chief to meet Gates, Buffett at CEO summit KB Financial Group Chairman Euh Yoon-dae will discuss international management trends and economic issues next week along with about 100 guests, which will include two of the world’s three wealthiest people. The nation’s top financial group said Wednesday that Euh will leave for Seattle to attend […]
Still under construction
With 2 days to go before opening, Yeosu Expo unprepared YEOSU — With the grand opening of the Yeosu Expo slated for Saturday, exhibition halls and other facilities are unfinished, littered with tools, electric cords and others, casting doubt on whether the international event’s long-awaited opening will take place on time. “The expo will have […]
Misfortunes strike Naver
NHN, the Internet search company that runs Naver, is weathering a sea of troubles, including corporate fund embezzlement and a massive brain drain. The two factors indicate that the firm’s management is losing its grip, experts said. According to NHN Tuesday, one NHN official is suspected of embezzling about 3.6 billion won. NHN reported the […]
Yeosu not expo-ready
Shortage of hotels, inadequate transportation threaten world fair Yeosu Expo organizers aim to achieve the ambitious goal of drawing 10 million visitors to the small southwestern port city in South Jeolla Province during the three-month event. They say they are ready for the largest global event ever hosted by the coastal city with 105 countries […]
CEO Min seeks to invigorate Kookmin
KB chief sees turnaround for BCC in coming years The rap sheet on KB Kookmin Bank was simple: A big, but boring bank that punches below its weight and gets routinely beaten by quicker rivals in new markets. The company’s response to its reputation problem was to hire a CEO who raps. The KB Kookmin […]
Going global
We’ve reached a tipping point in how the world works. The largest economy in the world is no longer the economy of any one country — it is the economy of the global trade of goods and services. Countries making an impact in the world of global trade are those connected to the global mainframe, […]
Babyboomers forced to retire earlier
Kim Seong-ho, born in 1961, will never forget the day his boss asked him to take an early retirement package earlier this year. The 52-year-old Korean baby boomer (those born between 1955 and 1963), who is now unemployed, used to be a production manager at a small industrial plant in Jeonju, North Jeolla Province. Under […]
Important milestone
Korea aims to reach $10 bil. in food exports After reaching the $10 billion plateau in exports in the late 1970s, Korea has chalked up fast growth in overseas shipments to become the world’s ninth country to top $1 trillion in trade last year. Korea Agro-Fisheries & Food Trade Corp. CEO Kim Jae-soo expects the […]
All in!
Even Hyundai Motor Group Chairman Chung Mong-koo couldn’t remain on the sidelines, disclosing the carmaker’s strategically significant model, which it is looking to build as an iconic brand. Kia Motors took the wraps off the much-touted luxury sedan K9 Wednesday with Chung in attendance. It marks the first time in three years for the 74-year-old […]
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