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Samsung chief departs for Europe

Samsung Electronics Chairman Lee Jae-yong took off to Britain over the weekend to join a presidential delegation, according to industry sources on Monday, as he faces a decisive ruling that could possibly lead to a leadership vacuum for the global tech giant. Lee is taking part in the presidential economic delegation involving other conglomerate chiefs including Hyundai Motor Chairman Chung Euisun and LG Group Chairm.

Soult ukpyolsiSouth koreaUnited kingdomPusan gwangyoksiKangwon doFrance generalYoon suk yeolKoo kwang moChung euisunLee jae yongSamsungct corpBureau international des expositionsSamsung electronicsLg groupSk groupCheil industries

Chaebol tycoons visit US with IRA, CHIPS Act in mind

A total of 122 Korean business leaders, including the heads of major business groups, are accompanying President Yoon Suk Yeol on his state visit to the United States hoping to find better business opportunities in the world s largest economy, according to industry officials, Monday. Topping their agenda is the Inflation Reduction Act (IRA), the CHIPS and Science Act and other regulations enacted by the Biden administration as the U.S. has been trying to restructure global supply chains by excluding China, which is Korea s largest trading partner.

United statesSouth koreaLee jae yongKeidanren hallCho hyun joonYoon suk yeolKoo kwang moRyu jinLee woong yeulChung euisunLg groupSk groupHyundai motor groupSamsung electronicsLotte groupKorea chamber

Yoon stresses importance of private sector-led digitization

President Yoon Suk-yeol stressed the importance of private sector-led digitization during a keynote speech at the B20 Summit, the official G20 dialogue forum for the global business community, according to the trade ministry, Monday. “The private sector-led supply innovation should be the answer to solving the supply shock-induced global economic crisis,” he said during the summit organized by the Indonesian Chamber of Commerce at the Bali Nusa Dua Convention Center in Indonesia. The priority of the Korean government, he said, is digital transformation, the core driver of policy directives under his leadership, adding that he will lead G20-level discussions to establish a new global digital norm.

United kingdomNusa duaSouth africaSoult ukpyolsiSouth koreaSaudi arabiaRussian federationYoon suk yeolKim young shubMark tuckerJeff bezosYoon jong kyooYoung liuJustin trudeauZeng yuqunIzumisawa seiji

How Carlyle aligned interests with Hyundai Motor chair

How Carlyle aligned interests with Hyundai Motor chair
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United statesSoult ukpyolsiSouth koreaSouth koreanChang jae yooChung euisunWallenius wihelmsenKewsong leeYusen kobushikiCompany nameYonsei universityKia corpHyundai mobis coCarlyle groupHyundai motor groupHyundai glovis co