Executive reshuffles

Business & Politics Samsung's Lee meets with Xi amid Beijing’s balancing act vs Washington

Samsung Electronics Co. Chairman Lee Jae-yong, along with other global tech leaders, met with Chinese President Xi Jinping in Beijing on Friday as C...

Airlines Korean Air to finalize $32.7 bn deals with Boeing, GE Aerospace

Korean Air Lines Co., the country’s top full-service carrier, is set to soon finalize $32.7 billion deals with Boeing Co. and GE Aerospace for...

Investment banking S.Korean securities firms race for IB market leadership

South Korean securities firms have upped the ante in a race to win the country’s investment banking (IB) market this year after aggressive bus...

Leadership & Management POSCO carries out drastic top management reshuffle

POSCO Group on Monday replaced chief executives of key seven units in a drastic overhaul of the South Korean steel-to-battery materials group to shi...

Artificial intelligence Samsung SDS to build AI-focused data center at Samsung Electronics’ plant

Samsung SDS Co., the information technology service unit of South Korea’s Samsung Group, plans to build an artificial intelligence data center...

Executive reshuffles SK promotes restructuring keymen to SK On, SK Discovery top posts

SK Group on Thursday promoted the keymen of its business overhauls to top posts at intermediary holding company SK Discovery Co. and battery maker S...

Infrastructure IFM Investors bets big on infrastructure investing: Gee-Grant

IFM Investors, a global investment manager owned by Australian pension funds, is looking to infrastructure as the fastest-growing asset segment for ...

Executive reshuffles Lotte replaces 21 CEOs, slashes executive jobs by 22% in drastic reshuffle

South Korea’s retail-to-chemical conglomerate Lotte Group on Thursday replaced 21 chief executives across its affiliates and slashed executive...

Executive reshuffles Samsung reshuffles top brass; Co-CEO to control memory business

Samsung Electronics Co., the world’s No. 1 memory chipmaker, reshuffled its leadership on Wednesday in a sweeping move as it faces an uph...

Asset management BlackRock names Lee Yoon Pyo as head of S.Korea business

BlackRock, the world's best-known asset manager, has appointed Lee Yoon Pyo as managing director and head of its South Korea operations, effective f...

Executive reshuffles Samsung to replace chiefs of 3 key posts: Memory, foundry, system LSI

Samsung Electronics Co. plans to replace the three key posts of its semiconductor business — memory, foundry and system LSI — as the Sou...

Leadership & Management LG Group carries out modest management reshuffle

Cho Joo-wan will continue to lead LG Electronics Inc. as chief executive after its parent LG Group on Thursday carried out modest reshuffles in its ...

Robotics Robotis, MIT to jointly develop physical AI

South Korea's Robotis Co. said on Tuesday it partnered with the Massachusetts Institute of Technology (MIT) to develop physical AI.Robotis and MIT w...

Executive reshuffles Chung Ki-sun moves closer to managing HD Hyundai with his promotion

HD Hyundai Co., the holding company of South Korea’s No. 1 shipbuilding conglomerate, on Thursday shuffled its top management. In it, Vice Cha...

Banking & Finance Mastern Investment reshuffles organizations

Mastern Investment Management Co., South Korea's real estate investment firm, said an organizational restructuring on Friday.The firm streamlined it...

Executive reshuffles Shinsegae Group splits E-Mart, department store with executive reshuffles

South Korea’s retail giant Shinsegae Group on Wednesday carried out one of its most drastic executive reshuffles, officially splitting the gro...

Banking & Finance Korea's Hana Bank to promote foreigners as managers in overseas units

South Korean banks are set to reshuffle overseas units by promoting local staff to management positions, in a bid to boost the sluggish profitabilit...

Corporate restructuring Samsung to cut chip executive jobs, restructure in battle versus SK Hynix

Samsung Electronics Co. plans to drastically cut its chip executive jobs and restructure semiconductor-related operations as it struggles to compete...

Energy Taihan Cable wins $630 mn power grid project in Singapore

South Korea's Taihan Cable & Solution Co. said on Friday that it signed a contract worth 840 billion won ($630 million) with Singapore PowerGrid...

Sovereign wealth funds Korea Investment Corp. appoints Park Il Young as its new CEO

South Korean sovereign wealth fund Korea Investment Corporation (KIC) announced on Thursday that it has appointed former World Bank Group executive ...

Logistics CJ Logistics joins hands with Affinity for third-party logistics

CJ Logistics announced on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Affinity Equity Partners.Affinity is a glo...

Leadership & Management Hanwha’s heir apparent to unearth new drivers, tighten grip

Hanwha Group has appointed the eldest son of Chairman Kim Seung-youn to lead the investment division of the group’s eco-friendly energy unit i...

Energy KOGAS executes first simultaneous LNG bunkering in Korea

South Korea's state-run Korea Gas Corp. (KOGAS) said on Friday that its subsidiary, Korea LNG Bunkering, successfully carried out the country’...

Korean games PUBG’s Krafton taps ex-Apple, Samsung execs for global business

South Korean gaming giant Krafton Inc. has hired former executives of not only global game developers but also tech leaders such as Apple Inc. and S...

Corporate restructuring Doosan Robotics to merge with Doosan Bobcat by early 2025

Doosan Robotics Inc. will complete a merger with Doosan Bobcat Inc. by early next year, a move aimed at prodding Bobcat to take an active role in ex...

North Korea A North Korean Diplomat Managed a Rare Defection: A Flight Out of Cuba

SEOUL—A North Korean diplomat posted in Cuba defected to South Korea with his family late last year, officials said this week, a rare esc...

Electronics Samsung Chairman Lee visits India for Ambani wedding

Samsung Electronics Co. Chairman Jay Y. Lee on Thursday visited India for the wedding of Anant Ambani — the youngest son of Asia’s riche...

Leadership & Management AI to drive Mirae Asset's next-phase growth: chairman

Mirae Asset Group is a pioneer in South Korea’s mutual fund industry. It launched the country’s first equity mutual fund in the wake of ...

Business & Politics AmCham launches young professionals program

The American Chamber of Commerce in Korea (AmCham) announced on Wednesday the official launch of its Young Professionals Program (YPP), aimed at nur...

Tech, Media & Telecom KT to make AI, media-focused reshuffle in July

KT Corp., South Korea’s largest telecom service provider, is slated for an organizational reshuffle next month to reinforce its business-to-bu...