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World Economic Form Awards Schneider Electric Lexington, Kentucky Sustainability Lighthouse Recognition and Wuxi, China Smart Factory Advanced Lighthouse Status

World Economic Form Awards Schneider Electric Lexington, Kentucky Sustainability Lighthouse Recognition and Wuxi, China Smart Factory Advanced Lighthouse Status

Rueil-Malmaison (France), Sept. 27 (Korea Bizwire) – Schneider Electric, the leader in the digital transformation of energy management and automation, today announced its Lexington, Kentucky plant, recognized as an Advanced Lighthouse last year, has been recognized by the World Economic Forum as a Sustainability Lighthouse — one of only three worldwide. The World Economic Forum has also [...]

POSCO Named ‘Lighthouse Factory’ by World Economic Forum

POSCO Named ‘Lighthouse Factory’ by World Economic Forum

SEOUL, Jul. 3 (Korea Bizwire) – South Korea’s top steelmaker POSCO said Wednesday it has been named a “lighthouse factory,” by the World Economic Forum (WEF) for its efforts to drive innovation of the manufacturing sector. The WEF, an international organization for public-private cooperation, selects lighthouse factories twice a year that are considered front runners [...]

S. Korea Ranks 115th Out of 149 Countries in Gender Gap Ranking Last Year

S. Korea Ranks 115th Out of 149 Countries in Gender Gap Ranking Last Year

GENEVA, Dec. 18 (Korea Bizwire) — The level of economic participation and opportunity of South Korean women is well below the world average, putting the country in 115th position out of 149 countries in terms of gender equality, according to a report released Tuesday by the World Economic Forum (WEF). The forum’s Global Gender Gap [...]

CEO Optimism Booms Despite Increasing Anxiety over Threats to Growth

CEO Optimism Booms Despite Increasing Anxiety over Threats to Growth

DAVOS, Switzerland, Jan. 22 (Korea Bizwire) — A record-breaking share of CEOs are optimistic about the economic environment worldwide, at least in the short term. That’s one of the key findings of PwC’s 21st survey of almost 1,300 CEOs around the world, launched today at the World Economic Forum Annual Meeting in Davos. Fifty seven percent [...]

S. Korea Lags Far Behind in Education Quality

S. Korea Lags Far Behind in Education Quality

SEOUL, May 2 (Korea Bizwire) – South Korea is investing heavily in education, but its education quality lags far behind rich countries in nurturing talent through skills development, a report showed Sunday. According to the report by Hyundai Research Institute (HRI), a private think tank, South Korea spent 5.9 percent of its gross domestic product on education in 2013. The spending was 0.7 percentage point higher than the average figure for members of the Organization [...]

IBM Names Three Blockchain Adoption Principles Essential for Every CEO to Consider

IBM Names Three Blockchain Adoption Principles Essential for Every CEO to Consider

ARMONK, N.Y., Apr. 4 (Korea Bizwire) – IBM (NYSE: IBM) today identified three key elements of enterprise blockchain adoption that c-suite leaders should consider when evaluating the technology for business use. Blockchain, or distributed ledger technology, is quickly making its way into the enterprise, potentially becoming as revolutionary a technology for business transactions as the internet was for communications [...]

PwC: CEO Confidence Rises Despite New Risks and Uncertainty

PwC: CEO Confidence Rises Despite New Risks and Uncertainty

DAVOS, Switzerland, Jan. 16 (Korea Bizwire) — While CEOs around the world feel they have plenty to worry about in the year ahead, their confidence in their own growth prospects and their outlook for the global economy are back on the rise. Graphics accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/77eaac3e-f05b-4fc2-b82a-ee926f9078e1 http://www.globenewswire.com/NewsRoom/AttachmentNg/f27a6ebc-f247-494a-bb07-e4507f11b772 In PwC’s 20th annual survey [...]

Davos 2017: Join PwC’s CEO Survey press briefing & webcast 18:30 CET Monday 16th January 2017

Davos 2017: Join PwC’s CEO Survey press briefing & webcast 18:30 CET Monday 16th January 2017

LONDON, Jan. 11 (Korea Bizwire) – PwC’s Global Chairman Bob Moritz will present key findings of PwC’s annual survey of international business leaders at a press briefing in Davos, Switzerland, at 18:30 Central European Time on Monday 16th January 2017 (17:30 GMT/12:30 EST). The press briefing will also be webcast live allowing journalists who are not [...]

Amid Scandal, Many Top Korean Conglomerates to Miss Davos Forum

Amid Scandal, Many Top Korean Conglomerates to Miss Davos Forum

SEOUL, Jan. 10 (Korea Bizwire) – Many top executives of South Korea’s largest businesses are expected to skip the annual economic forum in Davos, Switzerland, this year due to a corruption scandal that has led to the impeachment of South Korean President Park Geun-hye, market observers said Tuesday.  Lee Jae-yong, vice chairman of Samsung Electronics [...]