SEOUL, Nov. 8 (Korea Bizwire) – According to a new study released on November 7 by the Korea CXO Research Institute, employees at Korea’s top 100 companies face steep odds in reaching executive positions, with chances falling below 1%. The study, which examined promotion possibilities at the country’s 100 largest listed companies by revenue, revealed that [...]
SEOUL, Nov. 8 (Korea Bizwire) – In a significant move that cements his position among South Korea’s most successful entrepreneurs, Bom Kim, the founder and executive chairman of Coupang, has announced plans for a major stock sale, fourteen years after founding the company and three years after its landmark NYSE debut. Kim, who moved to the [...]
SEOUL, Nov. 8 (Korea Bizwire) – BMW Korea announced on November 7 the domestic launch of its facelifted second-generation 4 Series, the New 4 Series Gran Coupé, which the company says strikes a balance between sporty aesthetics and luxury refinement. The updated model features distinctive design elements that emphasize its dynamic character, including arrow-shaped daytime running [...]
SEOUL, Nov. 8 (Korea Bizwire) – Mercedes-Benz Korea has announced the introduction of its first electrified G-Class model, the “All-New Mercedes-Benz G580 with EQ Technology,” marking a significant evolution in its premium SUV lineup. The company revealed on November 7 that it will initially release 70 units of a distinctive limited edition model, the “Edition One,” [...]
SEOUL, Nov. 8 (Korea Bizwire) – After news broke of KIA Tigers cheerleader Lee Ju-eun’s contract termination with her agency, Taiwanese media outlets, including TVBS, reported on November 5 that she is considering various career options, with strong interest emerging from Taiwan’s baseball community. Lee gained international fame for her casual yet captivating performance of the [...]
SEOUL, Nov. 8 (Korea Bizwire) – Samsung Electro-Mechanics held its fourth annual “Blue Elephant Forum” on November 6 at the Samsung Financial Campus in Seocho District, Seoul, to discuss cyberbullying prevention strategies and share the results of its flagship social responsibility program. Launched in 2020, the “Blue Elephant” initiative aims to cultivate prosocial capabilities among youth, [...]
SEOUL, Nov. 8 (Korea Bizwire) – Leading construction organizations in South Korea have launched a new initiative to improve the industry’s public image, which has been tarnished by repeated incidents of substandard work, safety violations, and corruption. The Korea Federation of Construction Associations announced on November 7 that it held its kickoff meeting for the “Construction [...]
SEOUL, Nov. 7 (Korea Bizwire) – The global automotive industry faces significant changes and uncertainties following Donald Trump’s election as the 47th president of the United States on November 6. Hyundai Motor Group, which has relied heavily on U.S. exports for its performance, is particularly on alert as Trump has promised to prioritize domestic industries, strengthen [...]
SEOUL, Nov. 7 (Korea Bizwire) – In a departure from the traditional pattern where economic downturns boost compact car sales, South Korea’s compact vehicle market is experiencing a significant decline, with annual sales expected to fall below 100,000 units for the first time since 2021. According to data from Kais You Data Research Institute, compact car [...]
BUSAN, Nov. 7 (Korea Bizwire) – The Busan Port Authority (BPA) announced on November 6 that it is launching a project to develop technology that will enable remote, unmanned operation of currently manned harbor cranes. Container port cranes, which are essential equipment for cargo handling operations, are divided into quay cranes that load and unload containers [...]