SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s leading game studios lavished record pay packages on star developers in the first half of 2025, with several earning more than their own chief executives and even controlling shareholders. According to semiannual filings released August 14, Krafton’s PUBG: Battlegrounds executive producer Jang Tae-seok topped the list, taking [...]
SEOUL, July 21 (Korea Bizwire) — Renault Group on Monday announced the appointment of Nicolas Paris as the new chief executive officer (CEO) of Renault Korea Motors Co., according to the automaker. According to Renault Korea, Paris will succeed current CEO Stephane Deblaise, who has been tapped to lead Renault Group’s operations in India, effective [...]
SEOUL, March 20 (Korea Bizwire) — A new study has revealed that chief executive officers with management and finance backgrounds are increasingly taking the helm at South Korea’s largest corporations, while those with technical expertise are becoming less common in the boardroom. According to data released on Wednesday by CEO Score, a corporate research firm, the proportion [...]
SEOUL, Feb. 21 (Korea Bizwire) — Jose Munoz, the first foreign chief executive officer (CEO) of Hyundai Motor Co., has underscored high-quality products and differentiated strategies as keys to growth, the company said Friday. Munoz shared his strategic vision for the company in a town hall meeting with 15,000 employees at its Namyang R&D Center, [...]
DAVOS & SEOUL, Jan. 22 (Korea Bizwire) — A majority of global CEOs are optimistic about economic growth in the year ahead, according to a new survey by PwC presented at the World Economic Forum in Davos, Switzerland. The survey, which polled 4,701 CEOs across 105 countries, found that 58% expect global economic expansion in [...]
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 [...]