But bold self-rescue plan may also cut group’s long-term

RANCHO DOMINGUEZ, California ― New Pride Corp., an intermodal company, is one of two U.S.-based companies, along with Access Bio, that is listed on Korea’s tech-heavy KOSDAQ market. Behind the company’s success in the industry might have been efforts by its Korean-born chairman to earn credibility from clients. “Perseverance and keeping up a good reputation were the key factors that made me the chairperson of New Pride Corp,” Edward Kim said. After obtaining a degree in management at Seoul Natio

POSCO chairman and CEO Chung Joon-yang conveyed his willingness to resign to the chairman of the company’s board of directors to pave the way for new leadership, company officials said on Friday.Chung requested that the board chairman launch the in-house process to select his successor, the officials said.Chung decided to step down out of the need for new leadership to lead POSCO, the nation’s top steelmaker, in the fast-changing global business environment, the company said. The outgoing CEO wa

Growth of the Asian hotel market appears to have slightly slowed this year, but it holds a promising outlook for the mid- and long term, according to a report by a global real estate consulting firm.In its report “The Asia Hotels View 2014,” Cushman & Wakefield also forecast that the Asia-Pacific region would recover much of its growth by 2014 with the exception of Seoul, which may take an additional two to three years.The company’s report, which analyzed hotel markets across 23 cities, showed t

Samsung C&T, Ssangyong E&C, GS E&C win orders in SE Asia and Middle East

Despite signs of a fragile economic recovery, the climate in the West has been one of austerity in recent years. You’d imagine that this was a cause for concern among the world’s leading luxury brands ― most of which are based in Europe or the U.S. However, sales in the luxury sector have been booming, and much of this can be attributed to demand from Asia.Much has been reported about the demand amongst Asian professionals for luxury products and Korea has been a major contributor to this trend.

The two most important questions often facing the leader of an organization have been the same throughout time: What is now and what is next? The answers now may be more important than ever at a time when the global economy is gaining momentum for recovery after a five-year downturn. As to the biggest change in the business environment compared with the past, CEOs of Korean units of multinational companies were of one voice ― the “speed and volatility” of change.“It is not an exaggeration to say

Korean unit head sees little impact from Japanese radiation concerns on SK-II sales

Thomlinson sounds positive note on Coex’s cultural cluster project

Renewal project aims to turn complex into destination for traders and business travelers

The rapid pace of digital adoption by Korean consumers means businesses must move to meet them in the digital arena, tapping social media and using big data to strengthen their connections with their target audience.As a global leader in the production and consumption of high-tech products, Korea is among the fastest-growing information and communications technology markets worldwide, with its advanced infrastructure and consumers who are keen to adopt new technologies and products.Almost all Ko

The past 12 months have seen some notable milestones for women in senior positions. Fifty-one percent of senior management positions in China are now held by women, up from 25 percent in 2012. On a global scale the percentage of women in senior roles has risen from 21 percent in 2012 to 24 percent in 2013, and here in Korea, 2013 saw the inauguration of its first female president. However, many nations still possess a culture and work ethic that prevent real progress in gender equality. Korea is

McKinsey chairman says need to make the most of data has spread to all industries