Latest news with #ChungYong-jin
Korea Herald
15-05-2025
- Business
- Korea Herald
Seoul shares snap 3-day rise on profit-taking; won sharply up
South Korean stocks snapped a three-session winning streak Thursday as investors locked in profits amid eased tariff woes. The local currency rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index fell 19.21 points, or 0.73 percent, to close at 2,621.36. The index had risen from Monday to Wednesday on optimism driven by a trade agreement between the United States and China earlier this week. Trade volume was moderate at 333.4 million shares worth 7.13 trillion won ($5.13 billion), with losers beating winners 592 to 296. Institutions led the decline, dumping a net 385.8 billion won, while offshore investors bought a net 264.4 billion won and individuals scooped up a net 71.7 billion won. Most major shares ended lower across the board. Chipmakers were among the biggest losers as Samsung Electronics fell 0.17 percent to 57,300 won, and SK hynix lost 2.67 percent to 200,500 won. Top carmaker Hyundai Motor sank 2.13 percent to 192,900 won, and its sister Kia dropped 1.3 percent to 91,200 won. Leading pharma Celltrion declined 0.52 percent to 153,500 won, and instant noodle producer Nongshim dipped 1.66 percent to 415,000 won. However, retail giant Shinsegae rose 2.06 percent to 168,400 won after its Chairman Chung Yong-jin met with US President Donald Trump in Qatar. The local currency was quoted at 1,394.5 won against the greenback at 3:30 p.m., up 25.7 won from the previous session.
![[Photo News] Inspiring new hires](/_next/image?url=https%3A%2F%2Fwimg.heraldcorp.com%2Fnews%2Fcms%2F2025%2F02%2F24%2Fnews-p.v1.20250224.c6a62883f1cb458ca4a2e6a13651afc8_T1.jpg&w=3840&q=100)
Korea Herald
24-02-2025
- Business
- Korea Herald
[Photo News] Inspiring new hires
Shinsegae Group Chairman Chung Yong-jin speaks at the group's ceremonial event held Friday in Seoul, marking the completion of the training period for new employees across all affiliates. This was Chung's first meetup with new hires as the group's chairman, following his promotion last March. Offering warm encouragement, Chung reaffirmed the group's core principle of prioritizing customers, stressing the importance of understanding their lifestyles and anticipating their needs in the rapidly evolving AI era. He also shared advice on preparing for future challenges in the workplace, while encouraging new employees to find fulfillment in their professional growth. (Shinsegae Group)
Korea Herald
14-02-2025
- Business
- Korea Herald
Shinsegae chairman ups stake in discount outlet unit
Chung Yong-jin, chairman of South Korean retail conglomerate Shinsegae Group, has acquired an additional stake in the group's discount store affiliate, Emart Inc., for responsible management, the group said Friday. Chung purchased 2.78 million Emart shares, held by his mother and the group's general chairwoman Lee Myung-hee, for 225.1 billion won ($156 million) in after-hours trading on Tuesday, the group said in a regulatory filing. The chairman used his personal assets for the stock purchase, which pushed up his stake in Emart from 18.56 percent to 28.56 percent, the group said. The stock purchase is aimed at strengthening the chairman's responsible management as the biggest shareholder of Emart based on the discount retailer's performance amid growing uncertainties at home and abroad, it said. For all of 2024, Emart's net losses widened to 573.4 billion won from 187.5 billion won a year earlier. The 55-year-old was promoted as chairman in March last year to help the retail giant ride out the unfavorable business environment and meet rapidly changing customer demands. (Yonhap)
