Average executive at Korea’s top 100 companies is 52.5 years old, 4 years younger than in 2006Corporate top brass are getting younger by the year, with the average age of executives at Korea’s top 100 companies surveyed at 52.5 years last year, having shed almost four years since 2006.Five years earlier, the average executive was 55.9 years old. Monday’s figures from the Korea Listed Companies Ass

April 25, 2011

Korean regulator to ask Apple’s on nature of location collected on devices An Apple Inc. logo hangs above the entrance at the Fifth Avenue store in New York. (Bloomberg)Korea’s top communications regulator will request that Apple Inc. address the privacy concerns caused by recent allegations that the company has been accumulating location information of its users. Officials of the Korea Communicat

Industry April 24, 2011

Samsung Electronics Chairman Lee Kun-hee on Thursday said Samsung was coming under intense scrutiny from more and more firms, saying it was not only Apple, but even those outside the IT industry trying to keep his company at bay. “It’s a matter of (wanting) to hammer in a protruding nail,” Lee told reporters during a rare visit to Samsung Electronics headquarters in Seocho-dong, southern Seoul. He

Industry April 21, 2011

Nonghyup executives under fire as calls mount for chairman’s ousterChoi Won-byung, chairman of the embattled National Agricultural Cooperative Federation, faces intensifying pressure to step down as soon as possible to accept responsibility for the latest network crash at the nation’s largest banking network. On April 19, top unions representing the nation’s agricultural cooperatives gathered toge

April 20, 2011

Kwon shows confidence in company’s 70 percent market share by year-endLG Display’s chief executive Kwon Young-soo was unperturbed by the company’s lackluster first quarter performance, saying he was certain of the global dominance by year’s end of his firm’s new 3-D panel technology, the film-type patterned retarder. “I don’t believe our goal to achieve as much as 70 percent market share in the gl

Industry April 19, 2011

The National Agricultural Cooperative Federation, or Nonghyup, on Monday said it would offer full compensation for losses incurred from its recent network crash.“Our compensation will fully cover any form of damage our clients suffered in the aftermath of our network problems,” Lee Jae-gwan, a Nonghyup executive said at a press conference.The scope of compensation will include not only interest co

April 18, 2011

Xperia Arc, the newest model in Sony Ericsson’s smartphone lineup, on Friday hit nationwide SK Telecom stores at a retail price of 803,000 won ($737).Prices will vary depending on the type of call plan customers decide on, Sony Ericsson representatives said.The latest in the Xperia series was priced slightly cheaper than other smartphones released here, such as Samsung’s Galaxy S and Apple’s iPhon

Industry April 15, 2011

Nation’s smaller portal operators to offer combined servicesOperators of the nation’s smaller two portals Daum and Nate on Thursday signed a strategic pact to offer a seamless combination of their services.“We have decided on this strategic partnership to provide the best available services to our customers,” said Joo Hyung-chul, the chief executive of SK Communications, the operator of Nate. But

Industry April 14, 2011

Hyundai Group Chairwoman Hyun Jeong-eun has been named honorary counselor for Brazil, the company said Thursday.As a civilian counselor, Hyun said she hopes to play a critical role in facilitating exchange between the two nations during the appointment ceremony at Brazilian Counselor Edmundo Sussumu Fujita’s home in Seoul. Hyun Jeong-eun“We are seeing a surge in all sectors of trade and exchange w

Industry April 14, 2011