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Major construction firms have replaced their chief executives with financial experts in recent weeks to brace for a prolonged industry downturn, according to industry officials, Sunday. ....
Hyosung Group Honorary Chairman Cho Seok-rae s death at the age of 89 on Friday has been mourned by the heads of Korea s largest conglomerates and influential politicians of both ruling and opposition parties, as the deceased entrepreneur contributed to the Korean chemical industry s growth and economic ties with foreign countries, industry officials said Sunday. ....