The president of Hyundai Glovis Co., a logistics unit of South Korean auto giant Hyundai Motor Group, has been rated as the best performer among CEOs of the country's top 500 companies, data showed Thursday.According to the data by market researcher CEO Score, Kim Kyung-bae received 64.5 points out of a possible 100 in an assessment of CEOs' management performances in 2015. The Hyundai Glovis CEO placed second last year.Cho Hwan-eik, president of state-run Korean Electric Power Corp., and Park S

Samsung SDS Co., a key IT unit of the Samsung Group, said Tuesday that it is considering splitting its logistics business in a bid to foster competitiveness."The company is reviewing a plan to split off the Samsung SDS logistics division to strengthen competitiveness in global logistics and focus on management capacity," the company stated in a regulatory filing.Samsung SDS said it will "seek further ways to strengthen sectors other than logistics amid rapid market changes (in the industry) such

On May 25, Secucen (CEO Kim Je-ho), a fintech security company, announced that it is currently conducting a project with large domestic hospitals to build an electronic signature platform. This e-signature solution will replace handwritten signatures with biometric information for the purpose of executing operation permissions, among others. The purpose of the platform is to prevent potential factors that could lead to medical disputes among medical institutions, patients, and patients’ families

Family-run companies were found to generate higher profitability compared to rivals, a report said on Thursday, claiming that involvement by "owner" families leads to good business results.According to the report compiled by the Korea Economic Research Institute (KERI), 4,683 family-controlled firms here posted a return on asset (ROA) ratio of 3.7 percent between 2000 and 2014.A family-controlled firm in the report is defined as family members having a stake of 20 percent or more, or two or more

Prosecutors summoned a former chief of Korea's rail operator Thursday on suspicions of bribery in connection to a now-scrapped urban development plan in Seoul.Huh Joon-young, who led the Korea Railroad Corp. (KORAIL) from 2009 to 2011, appeared before the Seoul Central District Prosecutors' Office in southern Seoul. Huh Joon-young, former president of the Korea Railroad Corp. (Yonhap)The 63-year-old is accused of receiving illegal political funds from his aide, identified only by his surname Soh

The only son of Hyundai Group founder‘s 5th younger brother seeks to stand on own feet, splits from Hyundai Heavy Industries

Hyundai Engineering & Construction, the construction arm of Hyundai Motor Group, is strengthening its corporate social responsibility activities as part of efforts to cement its status as a global builder in Vietnam. “After a half-century since the entry to Vietnam back in 1966, the company is evolving into a global infrastructure builder there,” the nation’s top builder said in a press release on Monday. A group of students from the Hanoi Industrial Vocational College take part in the construct

POSCO DAEWOO MARKS NEW NAME -- POSCO Daewoo CEO Kim Young-Sang (right) waves the firm’s flag to mark its new name while POSCO chairman Kwon Oh-joon applauds during a ceremony at Incheon Songdo Convensia on Monday. (POSCO Daewoo)

State-run Korea Hydro & Nuclear Power Corp., operator of the nation’s 25 nuclear reactors, said Tuesday that the company has completed 87.5 percent of its planned safety measures against accidents that it developed as a follow-up after the Fukushima Daiichi nuclear disaster in 2011.“The company has been proceeding with the completion of safety-related tasks by 2020 under its safety management roadmap for the past five years,’’ a KHNP official said. The Kori nuclear power complex located in Busan

  With the season for annual shareholders meetings of the nation’s conglomerates approaching, the limelight is on SK Group chairman Chey Tae-won once again. 　Two months ago, the business tycoon suffered a public backlash with his confession about an extramarital affair and a love child. This time, attention is being paid not to his personal life but to his return to the executive board of key affiliates of the nation’s third-largest conglomerate. 　One reason why the chairman’s move is drawing pu

On February 16, Attocube (CEO: Sangtaek Han) announced that it will be participating in the Mobile World Congress (MWC) in Barcelona on February 22 through the sponsorship of the Gyeonggi Center for Creative Economy & Innovation and KT. A startup company that develops smart toys, Attocube will be displaying the “Attocube,” an educational product for children that features wooden blocks that can be used in conjunction with a mobile application, at this year’s congress.Children playing with differ

Despite growing global fears over economic uncertainty, cross-border direct real estate investments in major cities around the world are expected to increase this year, drawing a comparison with shaky stock and bond markets, according to experts.Explaining the attractive nature of direct real estate investment, Alistair Meadows, Asia-Pacific head of International Capital Group within global real estate service firm Jones Lang LaSalle, and David Green-Morgan, director of Global Capital Markets Re

Lotte Group founder's first son released a video earlier this week in which his father named him as the legitimate heir of the conglomerate, industry sources said Wednesday, amid the prolonged dispute over which son will inherit the company.  (Yonhap)"Dong-joo, the first son, is the heir in both Japan and South Korea. This is a common sense. There will be no reliability if someone else takes the post," the founder said in the video in Japanese. Last year, Shin's second son, Dong-bin, took contro

A total of 21 domestic companies were incorporated into the Dow Jones Sustainability World Index, according to the Korea Productivity Center. The Dow Jones Sustainability Indices ― a group of 14 indices covering different regions ― are maintained collaboratively by S&P Dow Jones Indices, one of the largest global resources that produces stock market indices, and RobecoSAM, a Swiss-based investment company that concentrates on sustainability investments.They measure the performance of the world’s