SEOUL, Jan. 10 (Korea Bizwire) — Nearly half of the chief executives of the leading 500 firms in South Korea are in their 60s, a survey showed Wednesday. According to the survey conducted by CEO Lab, a corporate research organization, on the age of CEOs of the top 500 companies, the average age of a [...]
SEOUL, Dec. 7 (Korea Bizwire) – On December 6, the business research institute Leaders Index revealed that family members serving as top executives (CEO, Vice Chairman, Chairman) in the management of the top 100 domestic conglomerates, on average, climb the corporate ladder to become executives in their early to mid-30s, subsequently reaching the CEO position within [...]
SEOUL, Sept. 7 (Korea Bizwire) — KT Corp.’s new chief said Thursday that he will do his best to build up the leading telecom operator’s future growth potential and energy by integrating information technology with its conventional telecommunications business in the future. Kim Young-shub, former CEO of IT service provider LG CNS Co., was appointed [...]
SEOUL, Aug. 30 (Korea Bizwire) — Chief executives at South Korea’s major companies have been actively purchasing their own company shares over the past year amid a sluggish stock market, a corporate tracker said Tuesday, highlighting their commitment to earning shareholder trust and enhancing responsible management. According to a survey conducted by Leaders Index of [...]
SEOUL, Aug. 5 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, said Friday it has nominated a new chief executive after months of leadership vacuum. The telecom giant’s board of directors nominated Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader, KT said in a [...]
SEOUL, June 21 (Korea Bizwire) — The head of Mercedes-Benz Korea Ltd. has said a predictable business environment is the “one thing” he has wanted the most from the South Korean government during his 2 1/2-year term that ends in September. Over the past few years, the regulatory landscape in South Korea has actually developed [...]
SEOUL, Oct. 19 (Korea Bizwire) — A top executive of Kakao Corp. stepped down Wednesday to take responsibility for the recent disruption of the company’s mobile messenger KakaoTalk and other related services. “As a CEO of Kakao, I feel miserable and strongly responsible for the incident. So I am stepping down from the post,” Kakao’s [...]
WOOD DALE, Ill., Oct. 12 (Korea Bizwire) — Optimas Solutions, a global industrial manufacturer/distributor and service provider, announced today the elevation of Mike Tuffy to CEO, International, and Daniel Harms to CEO, Americas. The decision to implement a dual-CEO structure evolves the organizational model established in 2020 with autonomous, yet connected, business units. By design, this structure [...]
Amsterdam, the Netherlands, Sept. 30 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Extraordinary General Meeting of Shareholders (EGM) appointed Roy Jakobs as the company’s next President and Chief Executive Officer, effective October 15, 2022, succeeding current President and Chief Executive Officer Frans van Houten. “I am very pleased that Roy Jakobs has [...]
RESTON, Va., Aug. 8 (Korea Bizwire) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced the appointment of Joy Jones as the organization’s CEO-Elect. Jones currently serves as GMAC’s chief product officer and general manager of assessments, a role she has held since July 2017. The announcement [...]