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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Kwang Dong president promoted to vice chairman

Choi Sung-wonChoi Sung-won, president and CEO of Kwang Dong Pharmaceutical Co., was promoted to vice chairman, the company said Monday.Choi, 45, has served as CEO of Kwang Dong since July 2013 when his father Choi Soo-boo, founder and chairman of the drug manufacturer, died at the age of 77.He plans to transform the company into Korea’s leading healthcare provider, with the goal of generating 1 trillion won ($910 million) in sales by 2020.Kwang Dong, established in 1963, has been well known for its brand names such as Woo Whang Chong Shim Won (civet), Ssanghwa Tang, Vita 500 and Corn Silk Tea.The firm’s net profit jumped 59.4 percent year-on-year to 35 billion won last year, while its sales increased 11.5 percent to 522 billion won.

Mar 2, 2015
Kwang Dong president promoted to vice chairman

Psychology professor becomes Seoul Cyber University president

Prof. Huh Myo-yeonBy Chung Hyun-chaeHuh Myo-yeon, 49, professor of counseling psychology at Seoul Cyber University, was named president of the school on Sunday. Huh immediately started her three-year term. She earned a bachelor’s degree and a master’s degree in educational psychology at Ewha Womans University in 1989 and 1991, respectively.She then served as a visiting researcher at Emory University in the U.S. from 2001-2002. Huh is an expert on developmental psychology of children and teens.She served as the dean of the department of student affairs at Seoul Cyber University from 2006 to 2012, and also the dean of the graduate school of the university. Before becoming the university president, she served as vice president from 2012 to this year.She is concurrently vice president of the Korea Sweden Arts and Culture Society and director of the Korean National Ballet.

Mar 2, 2015
Psychology professor becomes Seoul Cyber University president

KAIST College of Business names new dean

Prof. Kim Tong-sukBy Chung Hyun-chaeThe KAIST College of Business announced the appointment of professor Kim Tong-suk as the new dean Monday.“Our college has launched a full-time MBA program for the first time in Korea in 1995 and led local business education,” Kim said. “We will also take the initiative on global business education and represent a new paradigm in the future.”Kim, 60, is one of the top authorities on finance engineering.  He published a number of theses in reputable academic journals including the Review of Financial Studies, the Journal of Financial Quantitative Analysis, the Journal of Banking and Finance and the Journal of Forecasting. Kim graduated from Sungkyunkwan University in 1978 after studying business administration, and got an MBA degree from Santa Clara University in the U.S. in 1983. Then he earned his doctorate in finance at Ohio State University in 1989. Kim served as professor and studied at San Diego State University from 1989 to 1995. He has served as professor at the KAIST College of Business since 1996. He became

Mar 2, 2015
KAIST College of Business names new dean

Segye Ilbo has new president

Cha Joon-youngBy Jhoo Dong-chanSun Moon University professor Cha Joon-young, 62, has been appointed as president of the Segye Ilbo, the daily newspaper said.The inauguration ceremony was held at the company’s building in Seoul, Feb. 27, after its board of directors approved Cha as the new president. His appointment came after the paper caused a stir by reporting a “memo-gate” scandal involving a former aide to President Park Geun-hye, incumbent presidential secretaries and her brother Park Ji-man last November.After majored in Korean language education at Seoul National University, Cha received a master’s degree in digital media communication. He completed the Ph.D. in the same major at Sogang University.Cha joined the Segye Ilbo in 1988 and served various posts including managing editor in the company. He is also a secretary general of the World Peace Tunnel Foundation, which looks for a way to improve the diplomatic relation between Korea and Japan through building an undersea tunnel across the Korea Strait.The Segye Ilbo was established by the Unificat

Mar 2, 2015By Jhoo Dong-chan
Segye Ilbo has new president

E-Land chief pays $400,000 for Nobel Prize medal

E-Land Chairman Park Sung-suBy Lee Hyo-sikE-Land Chairman Park Sung-su has been making headlines for his hobby of collecting rare, expensive items from around the world.Park recently added a 1971 Nobel Prize medal to his list of items, at a cost of nearly $400,000.According to E-Land Group, Monday, Park, 62, took part in a recent auction organized by Nate Sanders, a U.S. auctioneer based in Los Angeles. There, he bought the Nobel Prize medal in economic sciences awarded to American economist Simon Kuznets in 1971.Kuznets received the prize for his interpretation of economic growth and was the first to introduce the concept of gross domestic product (GDP).Park purchased the medal for $390,848, nearly three times the initial bidding price of $150,000. From 1901 through 2014, a total of 889 Nobel Prize medals were awarded but only five were put up for auction, E-Land said.The business group specializing in the fashion and retail sectors said that the medal, along with Park’s other collections, will be displayed at a museum inside the group’s envisioned large-scale entertainm

Mar 2, 2015By Lee Hyo-sik
E-Land chief pays $400,000 for Nobel Prize medal

Prince William in Tokyo

Britain's Prince William, center, Aston Martin CEO Andy Palmer, right, and Japanese astronaut Soichi Noguchi open a barrel during a reception for the business conference celebrating British innovation in Tokyo, Friday. Prince William arrived in Japan Thursday for a four-day visit. / AFP-Yonhap

Feb 27, 2015

K-pop star opens school in Ghana

 Students and local residents celebrate the opening of “Yunho Education Center,” a school named after K-pop singer U-Know Yunho, in Bongo, northern Ghana, on Feb. 20. / Courtesy of Food for the Hungry By Jhoo Dong-chanA school named after U-Know Yunho of the K-pop duo TVXQ has opened in a small town in Ghana.The singer and his fans donated money to help build the school, the Yunho Education Center, which will accommodate about 200 students.The international relief organization Food for the Hungry said Yunho decided to participate in the project after visiting Ghana last March for a charity TV show, “Road for Hope.”Through the show, Korean celebrities have volunteered in poverty-stricken areas and regions struck by civil war or natural disasters. State-run broadcaster KBS said it raised more than 10 billion won ($9.09 million) last year through the show.Following Yunho’s appearance on the show, Food for the Hungry appointed Yunho as its honorary ambassador to build the school. The singer’s fan club members also donated money.About 500

Feb 27, 2015
K-pop star opens school in Ghana

Little things matter for 'sales king'

Lim Hee-sungBy Park Jin-hai For Lim Hee-sung, 41, numbers always show what he has achieved.Lim was selected last year as the “sales king” of Hyundai Motor for the sixth year in a row.He sold 343 cars in 2014, almost one a day.  In total, he has sold about 4,000 cars since joining the nation’s largest carmaker as a salesman.“The common image of a salesperson is a ball of talk and one who comes to you with a purpose,” Lim said. “The moment that people feel uneasy about the presence of the salesperson that should be considered to be a failure.”He said he did not approach people as a “sales clerk” but as someone who could be a counselor for such things as defective cars and taxes.He regarded the 5,000 customers and potential customers listed in his smartphone as lifetime customers.“What I’m doing is not big or special,” Lim said. “A year after someone makes a purchase from me, for instance, I call in to check if everything is OK and test drive the car.“If the customer has asked me to check a def

Feb 26, 2015
Little things matter for 'sales king'

Madonna stumbles

Madonna stumbles while performing on stage during the Brit Awards 2015 at the 02 Arena in London, Wednesday.AP-Yonhap

Feb 26, 2015

Janssen Korea CEO to lead group of multinational drug firms

Kim Oak-yeonBy Jhoo Dong-chanThe Korea Research-based Pharmaceutical Industry Association (KRPIA) has named Janssen Korea CEO Kim Oak-yeon as its president.Kim has promised to develop the health care and medical services industry in Korea and boost the country’s pharmaceutical status in the global market.Kim, 48, is the 12th president of the association and will serve a two-year term.She was head of Janssen Malaysia from 2007 to 2010 and the GM business bureau in China from 2010 to 2012. She came to Korea in 2012 as the first woman CEO of Janssen Korea, one of the multinational pharmaceutical firms here. She has served as the company’s regional head of Northeast Asian operations, including Korea, Taiwan and Hong Kong, at the same time.In 2013, she was elected the first woman board member of directors in the KRPIA and became vice president in January 2013. Janssen Korea faced temporary production suspension under Kim’s management in 2013 due to excessive levels of acetaminophen in its Children’s Tylenol product. 

Feb 26, 2015By Jhoo Dong-chan
Janssen Korea CEO to lead group of multinational drug firms
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