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, Jan. 2 (Korea Bizwire) – In South Korea’s corporate landscape, a notable trend is emerging among employees: prioritizing job satisfaction over climbing the corporate ladder. Kim, a man in his late 40s, exemplifies this trend. Despite a 20-year tenure at a major corporation, he is neither a department head nor a team leader but a [...]
SEOUL, Nov. 28 (Korea Bizwire) – Recent research shows that only 0.8 percent of regular employees at the top 100 listed companies have a chance of reaching executive positions. The Korea CXO Research Institute states that, based on this year’s revenue, the likelihood of promotion to executive roles for these employees is 0.83 percent, which is [...]
SEOUL, Nov. 17 (Korea Bizwire) — The Korea Tourism Organization announced Monday that it will use an augmented reality (AR)-based avatar application to promote the country’s tourism industry. The app, named ZEPETO, uses face recognition as well as AR and 3D technology to create avatars in a virtual space. The app is currently being used [...]
SEOUL, Oct. 14 (Korea Bizwire) — Hyundai Motor Group’s longtime heir Chung Euisun on Wednesday officially took over the helm at the South Korean auto giant as it pushes to morph into a future mobility solutions provider. The group’s three major affiliates — Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co. — held [...]
SEOUL, Oct. 13 (Korea Bizwire) — Chung Euisun, heir apparent of Hyundai Motor Group, will be promoted to the position of chairman this week, sources said Tuesday, as the automotive group seeks to further push its future mobility drive under the new leader. Chung, who currently serves as executive vice chairman, is expected to be [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers are set to launch aggressive promotions to boost sales with new vehicles in the fourth quarter to offset weak sales in the previous three quarters amid the coronavirus outbreak, industry sources said Monday. The country’s five carmakers — Hyundai Motor Co., Kia Motors Corp., GM Korea [...]
SINGAPORE, Aug. 26 (Korea Bizwire) - Following the inaugural success of Ultimate Getaways promotion in May, Banyan Tree Group has launched its exclusive Ultimate Getaways 2. This time, featuring more than double the destinations, the Group’s 30 properties worldwide will offer countless travel choices with savings of up to 80%. As the world navigates a new [...]
SACHEON, June 17 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, aims to export the first Korean-made helicopter to Indonesia, a company executive said Wednesday. KAI has exported 16 T-50 advanced trainer jets and 20 KT-1 basic trainer jets to Indonesia in total. It has not achieved any deal from [...]
SEOUL, June 3 (Korea Bizwire) — The Korea Centers for Disease Control and Prevention (KCDC) will be promoted to an independent administrative organization, as the government seeks ways to ensure a better state response to a public health crisis like the COVID-19 pandemic. A new KCDC will have independent power over budget and personnel matters, [...]