SEOUL, March 5 (Korea Bizwire) — Family members of owners of midsized companies in South Korea take less than four years on average to be promoted to executive management positions, a market tracker said Wednesday. A survey of the top 100 medium-sized businesses with total assets of less than 5 trillion won (US$3.4 billion) each [...]
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, Sept. 19 (Korea Bizwire) — The share of female executives at South Korea’s major firms has more than doubled over the past five years on positive factors, including last year’s implementation of a related law, a corporate tracker said Tuesday. A total of 265 firms belonging to the country’s top 30 business groups had [...]
SEOUL, Nov. 12 (Korea Bizwire) — It’s getting more difficult to become an executive at large companies in South Korea. The number of employees at the nation’s top 100 companies in terms of annual revenues totaled 847,442 this year, down 6,528 from a year ago, according to headhunting firm Unico Search Inc. The number of [...]
NEWPORT BEACH, Calif., Sept. 5 (Korea Bizwire) — PIMCO, one of the world’s premier fixed income investment managers, has hired John Studzinski as Managing Director and Vice Chairman of PIMCO in its Executive Office. Mr. Studzinski, who has spent most of his career working in Asia and Europe, brings to PIMCO 30 years of experience [...]
VICTOR, N.Y., May 22 (Korea Bizwire) — Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B), a leading beverage alcohol company, announced today that it has promoted Jim Sabia to the newly created role of Executive Vice President and Chief Marketing Officer, Constellation Brands. In this new role, Sabia will serve as the marketing lead for the company’s Beer [...]
ROCHESTER, N.Y., Jan. 8 (Korea Bizwire) — Document Security Systems, Inc. (NYSE American:DSS), a leader in anti-counterfeit, authentication, and diversion protection technologies whose products and solutions are used by governments, corporations and financial institutions to defeat fraud and to help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications, brand [...]
SEOUL, Sept. 6 (Korea Bizwire) — Families of South Korean conglomerates’ heads are on the fast track as they usually get promoted to the executive level in about four years after entering the company, a corporate tracker said Wednesday. Announcing a survey on 185 members of families controlling the 77 leading business groups, CEO Score [...]
SYDNEY, Australia, May 31 (Korea Bizwire) — There was collective concern expressed this week amongst members of the Association of Executive Search and Leadership Consultants (AESC) over the impact of recent changes to immigration regulations. It was agreed the changes may detrimentally affect Australia’s ability to attract high calibre global talent. The AESC members are [...]
SEOUL, Oct. 25 (Korea Bizwire) – South Korea’s leading automaking group Hyundai Motor Group said Tuesday that executives of its 51 affiliates will have their salaries cut by 10 percent starting this month as part of efforts to tide over worsening business conditions at home and abroad. “Executives of the group’s affiliates are moving to [...]