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LG Chem Vice Chairman and CEO Shin Hak-cheol has been reappointed as chair of the Chemical & Advanced Materials Industry Governors at the World Economic Forum, becoming the first leader to extend his term in this position, the company said Sunday. The reappointment comes as Shin is attending the Davos Forum for the fifth consecutive year, which runs from Monday to Friday. The forum will gather over 2,700 global leaders from business, politics and academia to discuss pressing topics such as rethi
Korea's only dedicated cargo airline Air Incheon is preparing to launch a unified operation next July following its acquisition of Asiana Airlines' cargo division with Kim Kwan-sik appointed CEO to lead the effort. According to aviation officials on Tuesday, Kim, Air Incheon's former senior vice president and chief financial officer, is a seasoned financial expert with extensive experience in finance and accounting within the Kumho Asiana Group. He assumed his new role on Dec. 11. Kim graduated
Japan Tobacco Group subsidiary JTI Korea announced Monday the appointment of Irina Lee as its new general manager to ovesee the Korean market. Lee, a seasoned expert in the tobacco industry with extensive experience in marketing and sales, began her career in 1999 at the company’s global supply chain unit in Kazakhstan. With 26 years of expertise, Lee is now set to lead JTI Korea starting next year. Throughout her career, Lee has implemented consumer-focused marketing strategies tailored to dive
The American Chamber of Commerce in Korea announced Thursday it has named Henry Haggard, a veteran diplomat, as its new US senior advisor. Haggard brings over 25 years of experience in international business and diplomacy, having served in the US State Department and the National Security Council un
BC Card, one of South Korea's leading card issuers, has confirmed the reappointment of CEO Choi Won-seok for another term. The company announced Tuesday that its executive nominee recommendation committee selected Choi as the sole candidate for the CEO position. This will mark Choi's fourth consecut
Hanwha Aerospace said Monday that it has named Michael Coulter, a former executive at Leonardo DRS, the Italian defense manufacturing firm, as its new global defense CEO. In the newly created position, Coulter will oversee the global defense businesses of Hanwha Aerospace and its subsidiaries such a
Woori Bank, a banking subsidiary of Woori Financial Group, on Thursday announced a major executive reshuffle, aiming to enhance efficiency and compliance. In the latest reshuffle, the company significantly reduced the number of vice presidents from 23 to 18. Nearly half of the vice presidents were c
Over 40 percent of newly promoted executives in 40s Hyundai Motor Group announced its annual executive appointments Tuesday, highlighting the global auto conglomerate’s focus on a generational shift to strengthen its pillars for future growth. Of the 239 promoted executives, 41 percent are in their
Shinhan Bank CEO reappointed for leading upbeat growth at home, abroad Shinhan Financial Group has embarked on a large-scale CEO reshuffle by recommending new candidates for the top positions of nine out of 13 affiliates on Thursday. Jung Sang-hyuk, the 60-year-old CEO of the group’s flagship lender
Woori Financial Group has nominated Jeong Jin-wan, Woori Bank's vice president overseeing banking for small and medium enterprises, to be the bank's next chief executive officer, Friday. The decision follows a two-month management succession process initiated in late September, in line with financia
Samsung Biologics hits W4.5tr sales milestone
Hanwha heir strengthens US network at Trump’s inauguration
Hanjin sets sales record for 2024
Samsung C&T reports solid 2024 growth on diversified business portfolio
US overnight stockbroker Blue Ocean opens office in Seoul
Eximbank to offer W200b loan support for supply chain firms
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