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Corporate Boards in South Korea Employ Over 1,200 Outside Directors

Corporate Boards in South Korea Employ Over 1,200 Outside Directors

SEOUL, Mar. 21 (Korea Bizwire) – The number of outside directors working for South Korea’s 50 largest corporate groups surpassed 1,000 last year, with nearly 90 individuals serving on the boards of two separate companies, according to a report released on Monday.  The Korea CXO Institute, a corporate analysis firm, found that among the top 50 [...]

Major Corporations Cut Board Compensation Limits Amid Economic Downturn

Major Corporations Cut Board Compensation Limits Amid Economic Downturn

SEOUL, Mar. 4 (Korea Bizwire) – As the global economy faces prolonged downturns and increasing uncertainties, several South Korean conglomerates have initiated cost-cutting measures by reducing the compensation limits for their board members.  According to filings with the Financial Supervisory Service’s Electronic Disclosure System, Samsung Electronics is set to propose a reduction in the total compensation [...]

VistaJet Sees Rapid Acceleration in Corporate Demand as a Result of COVID-19 Pandemic

VistaJet Sees Rapid Acceleration in Corporate Demand as a Result of COVID-19 Pandemic

LONDON, Oct. 6 (Korea Bizwire) — VistaJet, the first and only global business aviation company, today launches its new Dynamic Corporate Membership for corporations, offering a full suite of flexible travel solutions for businesses and executives around the world. The impact of the COVID-19 pandemic is redefining the global aviation landscape and accelerating several trends: [...]