Lotte founder and general chairman Shin Kyuk-ho became both the protagonist and antagonist of a soap opera-ish family feud since July 27 when he tried to oust his second son from his business empire but instead was kicked out himself and became powerless. The family secrets and anecdotes revealed by his eldest son Shin Dong-joo in media interviews last week  portray the 93-year-old as the “king” of the Lotte empire -- someone who can still slap his 60-year-old son, fire any top executive with th

Samsung, Hyundai Motor and Lotte, the top three chaebol of South Korea, possess landmarks in Gangnam, the most expensive area in the country. Here is a look at the size and scope of their properties.Hyundai Motor Group: Global Business Center Hyundai Motor Group chairman Chung Mong-kooHyundai Motor Group purchased the former 79,431 square meter KEPCO property located in Samseong-dong, Gangnam-gu, for 10.5 trillion won last year, and will have full ownership of the property this September. The co

At the age of 60, Lotte Korea chairman Shin Dong-bin finally achieved his desire of getting a full grip of Lotte in Japan. Lotte Holdings of Japan announced last Thursday that the board of directors unanimously agreed to name him the company’s president. Now Lotte Holdings has three presidents -- Shin Dong-bin, his father and Lotte founder Shin Kyuk-ho and Japanese CEO Tsukuda Takayuki. But there is little doubt that Shin has overall control of the firm. In March, Tsukuda was seen “bowing polite

The world’s wildlife is under threat. The Worldwide Fund for Nature’s Living Planet Index, which monitors populations of over 3,000 vertebrates, has decreased 52 percent over the last 40 years, and a report in the journal Nature in December found that 26 percent of mammals had become endangered.Many countries and animal organizations strive to conserve animals, and the immense financial backing of billionaires can have a huge impact on their efforts.These superrich are at the forefront of protec

Tim Chae, venture partner of 500 Kimchi, speaks during an interview with The Korea Herald at the fund's office in Google's Campus Seoul in southern Seoul last week. Park Hyun-koo/The Korea Herald    Silicon Valley entrepreneur Tim Chae is betting -- $15 million, to be precise -- that in the next 3-5 years, Korea will be the Silicon Valley of Asia. And he says so because it’s the only country in the continent that meets the tech hub trifecta of being rich, relevant and cool.　　A decade after immig

The South Cape Spa & Suite, located in Namhae, South Gyeongsang province, is a constant temptation for golf enthusiasts who dream of golfing every time they look at a patch of grass.South Cape has become one of Korea’s representative golf resorts just two years from its establishment in 2013, becoming a must-see for foreign visitors and being listed as one of “Korea’s best golf courses” in various golf magazines.A total of about 400 billion won ($350 million) was invested to build the golf resor

As the world is seeing a venture boom, there have been a few Korean start-ups rising to the top. These start-ups have brought traditionally off-line markets to mobile and changed the course of their respective industries, receiving both global attention and funding.Kakao TaxiKim Beom-su, president of Daum KakaoKim Beom-su, president of Daum Kakao, was ranked No. 11 on the Forbes list of Korea’s 50 richest people this year.After his success with mobile messenger app KakaoTalk, Kim is set on shaki

The two sons of SPC chairman Hur Young-in are assuming bigger roles in management as the Korean food giant is aggressively expanding its business at home and abroad.In what pundits view as preparations for a transfer of management, the elder son Jin-su and second son Hee-su were registered in May as non-executive board members of its flagship and only stock market-listed affiliated, Samlip Food Corp. The 4 trillion-won ($3.6 billion) food behemoth has 12 brands, including Paris Baguette and Pari

Famous tech companies both domestically and abroad are clamoring to create open and creative office environments for their employees, believing that having an enjoyable working environment is a crucial factor in becoming a world-class company.Naver“Green Library” inside Naver headquarters in Bundang, Gyeonggi provinceGiant Web portal Naver moved its headquarters to Bundang, Gyeonggi Province in 2010.The Naver headquarters, nicknamed the Green Factory, is 27 stories high with eight additional und

‘Cosmetics have become a daily necessity. I will start from the beginning to regain lost time and consumers.’

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Prosecutors on Monday confirmed the death of former Jinro Group chairman Jang Jin-ho, and officially ceased the arraignment process on him over four suspected irregularities. The announcement of the death of the father of the nation’s best-selling Cass beer and Chamisul soju came more than a month after his funeral was held in Beijing and his bereaved family set up a small mourning place in Asan Medical Center in Seoul.Investigators said that because the surviving family did not register his dea

As contagious diseases such as Ebola and MERS arise, the more important big data solutions such as Klarer’s Ebola map have become.

Brands of top-tier companies deliver story of corporate identities, unique values

2015 will be a milestone year for budget cosmetics-maker TonyMoly chairman Bae Hae-dong. The company, ranked fourth in the segment last year, is finally going public in July. A meeting with investors was held in Shanghai on Monday. “Major Chinese investors reside in Shanghai and we thought this was the right time to explain the company’s vision and prospects,” a Daewoo Securities official who leads TonyMoly’s stock-listing plan was quoted as saying to a local newspaper. If all goes to plan, the