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Google executives met South Korean regulators on Wednesday to explain planned changes to its app marketplace, including lower commissions and the introduction of alternative payment options. According to the Korea Media and Communications Commission, officials from Google visited the Government Complex in Gwacheon, Gyeonggi Province, and held talks with Chairman Kim Jong-cheol. The delegation included Wilson White, vice president of global affairs at Google, and Kara Bailey, vice president of An
KT Corp. named Park Yoon-young as its new chief executive officer on Tuesday, marking a leadership change as the telecom giant moves to stabilize management and accelerate its push into artificial intelligence. The appointment was confirmed at KT’s 44th annual shareholders meeting at the company’s R&D Center in Seoul. Park’s nomination secured approval from more than 60 percent of participating voting shares. His term will run through the 2029 shareholders meeting. Park, in his first message to
For Tam Suh-won, the 36-year-old heir of major Korean confectionery company Orion, one thing has been crystal clear among various snack industry stakeholders: He has a noticeably large, muscular body, and he must be lifting some serious weights. On top of his big physique, Tam’s presence at Orion has been jacked up as he was promoted to executive vice president at the end of last year. The third-generation scion’s ascent to upper-level management comes at a time when Orion is tightening its grip
Woori Bank Vietnam has appointed Bae Tae-in as its new chief executive officer, the country's unit announced Thursday. Bae brings 28 years of experience within Woori Financial Group, having held senior roles across key divisions of Woori Bank. He previously served as branch manager of the Dong Nai branch in Vietnam from 2020 to 2024, where he led the office to strong growth. The bank said Bae’s on-the-ground experience and deep understanding of the Vietnamese market were key factors behind his a
HD Hyundai Chair Chung Ki-sun traveled to Vietnam this week to inspect the company’s key production facilities, stressing safety and on-site management, according to the company on Thursday. Chung visited HD Hyundai’s production bases in the country, HD Hyundai Vietnam Shipbuilding and HD Hyundai Eco Vina, over two days from Tuesday to Wednesday, where he inspected manufacturing facilities, reviewed safety systems and encouraged employees. “Management begins at the site, and the answers to all p
Broader investor support, led by retail and foreign investors, was behind the victory of incumbent leadership at Korea Zinc’s annual general meeting, ultimately swinging the outcome in Chair Choi Yun-beom’s favor in one of the most closely watched boardroom battles in South Korea. Tuesday’s shareholders meeting came amid a prolonged proxy fight between Choi and a consortium led by private equity firm MBK Partners and Young Poong, which launched a tender offer to seek greater control over Korea Z
Kakao confirmed the reappointment of CEO Chung Shin-a through 2028 at its annual general meeting on Thursday, as the company pivots to artificial intelligence-led growth following restructuring. “The restructuring process is largely nearing completion,” Chung said at the shareholders meeting held at the company’s headquarters on Jeju Island. “This year, we will move beyond that and focus on growth centered on AI and KakaoTalk.” Chung was first named CEO in December 2023 while serving as head of
SK Group Chairman Chey Tae-won has turned personal injury into an unusually vivid snapshot of the global artificial intelligence supply chain. In an Instagram post uploaded Wednesday, Chey shared photos of the wrist cast he wore for about eight weeks after fracturing his wrist while playing tennis with his son. The cast was covered with signatures and handwritten messages from some of the most influential figures in the tech industry, including Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg,
Kakao Bank held its annual general meeting on Thursday, during which shareholders approved the appointment of Kim Geon-soo as deputy chief executive and a 219.2 billion won ($145.5 million) cash dividend. Kim joins from Korea Investment & Securities, Kakao Bank's second-largest shareholder, which shares control of the lender with top shareholder Kakao. Both hold 27.16 percent stakes, with Kakao ahead by one share. At Korea Investment & Securities, Kim held senior roles in product strategy and we
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