There are eight public enterprises that are listed on the domestic stock market: Kangwon Land, Grand Korea Leisure, Industrial Bank of Korea, Korea Gas Corporation, Korea Electric Power Corporation, KEPCO Engineering and Construction Company, KEPCO KPS, and Korea District Heating Corporation.The corporate stocks of these companies are openly traded on the market. Both individuals and companies can be shareholders while the government holds over 50 percent of the shares, allowing it to have autho

In January, foreign investors held a record high of over 500 trillion won ($435 billion) in shares of listed companies in South Korea, according to the Finance Supervisory Service. Among the top five stocks foreigners have been collecting in the tech-heavy Kosdaq in January was SFA Engineering Corp., a display equipment and logistics equipment maker, which has been enjoying a recent boom in the semiconductor and display sectors. Foreign investors continued their buying spree for the company.

KEB Hana Bank was named the best private bank in digital client solutions by a global finance magazine, the bank said Wednesday. South Korea’s leading bank, owned by Hana Financial Group, received the Global Best PB in Digital Client Solutions award in New York on Tuesday. The award was bestowed by Global Finance, a finance magazine based in the US that surveys and picks the best players in various financial sectors every year. The bank’s performance in the private banking sector has been recogn

SK Engineering and Construction announced Friday it had inked a deal worth 3.7 trillion won ($3.23 billion) to build South Korea’s largest private power plant in Goseong, South Gyeongsang Province. The company will build two generator units at the thermal power plant, which will have a capacity of 1,040 megawatts. The company said it would apply top-notch technology to build an efficient power plant.  It will adopt a technology called “ultra super critical,” which can in

Korea’s top 100 rich list is dominated by chaebol families, but there is one self-made man who has made it on to the list, Kim Jung-ju. At 49 years old, Kim is the chairman of NXC, the holding company of Nexon, which is the representative figure of the online game industry.According to The Superrich Team’s “Korea’s Richest 100,” Kim has 2 trillion won ($1.7 billion) worth of assets through his ownership of unlisted companies. He ranks 12th as of Jan. 30 on the list.Kim does not own any share of

An increasing number of second- to fourth-generation daughters of the nation’s large conglomerates are seen joining the ranks of management in recent years. These daughters, born in the 1980s and 1990s, tend to graduate from universities abroad and start their careers at consulting firms before joining their family businesses. They tend to enter their fathers’ companies in their mid-20s, with some of them starting off as rank-and-file employees and being promoted to executive levels within three

Hyundai Motor Group's new headquarters building to be constructed in southern Seoul by 2021 will be the country's tallest, a district office said Wednesday.Its draft document for environmental impact assessment submitted to the Gangnam Ward Office showed that the main building of the planned Global Business Center (GBC) will be 569 meters tall.Previously, the world's fifth-largest carmaker said the 105-story main tower will be 553 meters, lower than the 555-meter Lotte World Tower awaiting the c

Samsung Fire & Marine’s insurance risk consultant program offers a win-win system that provides stable jobs for women and reliable services for customers. The company offers a six-month training course for a beginner RC in order to provide a systemic education for its RCs. The job offers stability both in career and income, making it particularly helpful for women seeking to re-enter the job market after raising children, the company said.A Samsung Fire and Marine Insurance Co. Risk Consultant i

McDonald’s Korea is participating in The Korea Herald’s campaign to provide newspapers to military units in isolated regions as part of its social responsibility program, the company said Wednesday.The units are located in areas including Hwacheon in Gangwon Province and Icheon and Yeoju in Gyeonggi Province. Some 50 editions will be provided to the units for a year. (Yonhap)McDonald’s have been exerting continuous CSR efforts under its corporate philosophy of contributing to the development and

Oriental Brewery has launched this year’s first “Happy Library” project to improve after-school programs for children in conjunction with the Headquarters for Community Child Center, the company said Tuesday. The project is part of the company’s social responsibility program involving the renovation of child education facilities and provision of various education kits and books.For this year’s project, the company selected three community child centers in Seoul, Gwangju and Cheongju that were in

The Year of the Chicken has arrived. According to the Superrich team’s “Korea’s Richest 100” database, there are four people in the business world who were born in the year of the chicken, which are 1945, 1957, and 1969. Among the four is Hong Ra-hee, 72, who is the director of the Museum of Art. She has the largest amount of assets out of the four. Born in 1945, Hong is the wife of Samsung Electronics Chairman Lee Kun-hee. Together they have three children -- Lee Jae-yong, the Vice Chairman of

SM’s Woo Oh-hyun, Harim’s Kim Hong-kuk turn from partners to rivals in shipping

South Korea’s leading steelmaker Posco has made it to the Corporate Knights’ 100 most sustainable corporations list, becoming the first steelmaker listed three consecutive years, the company said Wednesday. The list has been released by Corporate Knights, a Canadian media and research company, at the World Economic Forum in Davos, Switzerland every year since 2005.  (Yonhap)Posco ranked No. 35, climbing five places from the previous year. It is the highest ranked South Korean company, with the o

Woori Bank has been selected as a winner of the 2016 World Finance Best Wealth Management Awards, the bank said Thursday. (Yonhap)World Finance, a London-based finance magazine, names one financial institute from each country as the best wealth manager in the country. Woori Bank is the first Korean company to receive the award, the firm said. World Finance said it took into consideration Woori Bank’s mobile initiatives and sales performance of bancassurance and private equities. Woori has set up

Just three days after questioning Samsung Group’s top brass, the independent counsel investigating the President Park Geun-hye scandal summoned the de facto leader of the country’s largest conglomerate, Lee Jae-yong, as a suspect for bribery charges, according to the special investigator’s office Wednesday. Lee, vice chairman of Samsung Electronics, will appear at the investigators’ office at 9:30 a.m. Thursday and face questions regarding possible bribery charges.