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Reporter : Yi Whan-woo
Mon, December 6, 2021 | 11:27
SK chairman's younger brother tapped as battery unit leader
Chey Jae-won, the younger brother of SK Group Chairman Chey Tae-won, was not on the list of newly-promoted top executives in a year-end reshuffle carried out by the conglomerate's key affiliates, Thursday.
Supply chain chaos, Omicron pose unexpected challenge to 4% growth goal
With the end of the year around the corner, the disrupted global supply chain and newly identified coronavirus variant Omicron are posing last-minute challenges for Korea achieving an annual economic growth rate of 4 percent. Some analysts projected Wednesday that the 4-percent mark is unlikely, noting overall industrial output fell to its lowest level in 18 month and investm...
Korea's rebranded motor show staggers to address future mobility
The country's biennial motor show appears to face multiple obstacles in promoting global carmakers' transition to embracing new means of mobility, after making it halfway through its 10-day run that continues until Dec. 5.
Samsung overhauls personnel system to nurture young leaders
Samsung Electronics said Monday it will fully overhaul its personnel management and employee evaluation system to pave the way for young, talented workers to get promoted to higher positions regardless of age and rank. To that end, the tech giant will adopt a “peer review” system to better evaluate performances of employees, a move aimed at reforming the top-down management s...
JP Morgan CEO's China apology raises questions over Shinsegae heir's 'hardball' stance
JP Morgan CEO Jamie Dimon's apology last week over his offhand remark concerning the Chinese Communist Party (CCP) is raising questions over whether it is appropriate from a business perspective for Shinsegae Group Vice Chairman Chung Yong-jin to refuse to take back anti-communist sentiment he expressed recently.
[ANALYSIS] Foreign-owned car brands fall further behind on lack of EV commitment
The Korean units of three foreign carmakers - GM, SsangYong Motor and Renault Samsung - are falling behind in the race to transition to electric vehicles (EV), after staggering in the combustion-engine competition.
Koo Ja-eun to take helm of LS Group in January
LS Group said Friday it appointed Koo Ja-eun, the chairman of LS Mtron who was the first in line for leadership succession, as its new chairman in a year-end reshuffle of the top brass.
Lotte uses 'unconventional' approach in reshuffling top execs
Lotte Group carried out a massive reshuffle of top executives, Thursday, in what is seen as a desperate bid to tackle its declining dominance in shopping, lodging and other major businesses that face a rapidly changing landscape in the digital era.
JB Financial launches platform integrating data across affiliates
JB Financial Group said Thursday that it has launched a platform to integrate data from all of its affiliates, becoming the country's first banking group to bring together clusters of data that had been managed by individual lending units.
[EXCLUSIVE] Singapore grants approval for Korean Air-Asiana Airlines merger
Singapore's anti-trust regulator recently approved Korean Air's acquisition of its domestic rival, Asiana Airlines, because regulatory authorities there do not think the merger will raise serious anti-trust issues, a top industry executive told The Korea Times, Monday.
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