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Reporter : Kim Bo-eun
Fri, July 1, 2022 | 02:27
Samsung names more young executives for generational shift
Younger workers in their 30s and 40s have increasingly taken key positions at Samsung Electronics as the technology heavyweight seeks to make its organization more agile and capable of change in an increasingly competitive environment.
LG Innotek CEO Jeong receives IEIE award
LG Innotek CEO Jeong Cheol-dong will be honored with an award presented by the Institute of Electronics and Information Engineers (IEIE), LG's component affiliate said Thursday.
Market Kurly's growth potential driving valuation
All eyes are on grocery delivery service Market Kurly's valuation as it prepares for its listing on the local stock market. The online retailer received a valuation of 4 trillion won in a pre-IPO, via which it secured 250 billion won before its debut on the main KOSPI bourse, slated for the first half of next year.
SK faces hurdles to building chip plant in US
SK Group Chairman Chey Tae-won grabbed headlines recently after commenting on the possibility of its chip affiliate building a manufacturing plant in the U.S. But SK hynix is highly unlikely to make the move mostly due to the huge estimated cost of building chip fabrication lines there as well as high labor cost in the world's largest economy.
Samsung Life faces possible probe for violating shareholder law
Samsung's life insurance unit, currently facing punitive measures by financial authorities for violating shareholder regulations, could come under review for a penalty by the country's top antitrust regulator on the same allegation.
What is Samsung's Harman up to?
Samsung Electronics made an ambitious $8 billion investment to acquire connected car technology provider Harman in 2016.
Korean firms appoint more young executives for agility
Korea's major companies are shattering their formerly rigid, rank-based and hierarchical cultures by promoting talented young workers in their 30s and 40s to executive positions, in a bid to make their organizations younger and more agile, and able to respond to changes. What is noticeable is that this wave is not an isolated development at a few companies, but in fact has be...
7 TV home shopping businesses fined W4 bil. for unfair practices
The Korea Fair Trade Commission (KFTC) said Sunday it had imposed 4.15 billion won ($3.46 million) in fines on seven TV home shopping businesses for unfair practices such as making vendors pay for promotional costs. The seven are GS Shop, Lotte Homeshopping, NS Shopping, CJ OnStyle, Hyundai Home Shopping, Home & Shopping and Gongyoung Shopping.
Samsung pursuing 'dual-track' approach in OLED business
Samsung is set to launch its quantum-dot organic light-emitting diode (QD-OLED) TV at CES 2022, but questions are mounting as to whether it will be able to meet market demand for new TVs as its display affiliate has a limited production capacity.
GS Group scion promoted to executive vice president
GS Group scion Huh Suh-hong was promoted to executive vice president as part of the latest promotions at Korea's eighth-largest business conglomerate on Wednesday. Huh has served as senior vice president of the group as the head of new businesses. GS's businesses include energy, retail and construction.
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