SEOUL, Dec. 18 (Korea Bizwire) — Daewoo Engineering & Construction Co. aims to achieve 1 trillion won (US$695.7 million) in annual net profit by 2027, focusing on key overseas markets while exploring new business opportunities, the company said Wednesday. The ambitious goal was announced by the company’s new CEO Kim Bo-hyun at his inauguration ceremony [...]
SEOUL, Nov. 28 (Korea Bizwire) — Samsung SDI Co., a battery and electronic materials manufacturing unit under Samsung Group, said Thursday it has appointed Choi Joo-sun, head of Samsung Display Co., as its new CEO as part of the group’s leadership reshuffle. Choi, 61, began his career as an engineer in a memory chip development [...]
SEOUL, Nov. 20 (Korea Bizwire) – In a groundbreaking shift that signals South Korea’s gradual departure from its traditional corporate culture, Hyundai Motor Company has named José Muñoz as its first non-Korean chief executive officer in its 57-year history, marking a significant milestone for one of the country’s most prestigious companies. The appointment of Muñoz, who [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Co. on Friday promoted Jose Munoz, the company’s global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five decades ago. Munoz has served as global COO of Hyundai Motor and [...]
SEOUL, Oct. 10 (Korea Bizwire) — Qoo10 CEO Ku Young-bae attended a court hearing held on Thursday to determine whether to issue an arrest warrant on fraud and embezzlement charges related to his e-commerce group’s large-scale payment delays to vendors. Ku appeared at the Seoul Central District Court for his hearing, which will be shortly [...]
SUWON, South Korea, Aug. 29 (Korea Biziwre) — A court issued a warrant to arrest the chief executive of lithium battery maker Aricell in connection with June’s deadly fire that claimed 23 lives, marking the first such case since the law penalizing employers for serious industrial accidents came into force two years ago. The Suwon [...]
TEMECULA, Calif., Jul. 1 (Korea Bizwire) — Effective July 1, 2024, Adrian Ridge is Chief Executive Officer of Nikkiso Clean Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.’s Industrial division. Ridge succeeds Peter Wagner, who remains engaged in a Board role as Executive Chairman for Nikkiso CE&IG Group. As CEO, Ridge will drive [...]
SEOUL, Jun. 3 (Korea Bizwire) – The vibrant yellow cardigan donned by ADOR CEO Min Hee-jin at her second press conference has ignited a fashion frenzy, leading to it selling out on some retail sites moments after her appearance and attracting resellers seeking to profit from the demand. Min held an emergency press conference at 2:30 [...]
CNH NAMES GERRIT MARX AS CEO Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan Basildon, Apr. 21 (Korea Bizwire) — CNH Industrial N.V. (NYSE:CNHI) announces the appointment of Gerrit Marx to the role of [...]
Turin, Apr. 21 (Korea Bizwire) – The Board of Iveco Group N.V. (EXM: IVG) (or “the Group”) announces that Olof Persson will succeed Gerrit Marx as Group CEO when the latter leaves the Group to take up his appointment as the CEO of CNH Industrial N.V. (NYSE: CNHI) on 1st July 2024. Mr. Persson, who is currently [...]