[News Space=Reporter seungwon lee] Team Naver is pushing forward with the establishment of a joint venture with the National Housing Company (NHC), a state-run enterprise under the Ministry of Autonomy and Housing of Saudi Arabia. A business unit JV in the Saudi Arabia region will be established together with Naver Arabia (tentative name), which will oversee the Middle East business. Team Naver and NHC signed an MOU to establish a joint venture at Cityscape 2024 (Cityscape Global) held in Riyadh, Saudi Arabia from the 11th to the 14th. The MOU was attended by officials from both companies, inc
[News Space=Reporter seungwon lee] Ceragem (CEO Lee Kyung-soo) announced on the 15th that six of its entries won innovation awards ahead of 'CES 2025', the world's largest IT and home appliance exhibition to be held in Las Vegas, USA in January 2025. Ceragem has now won the honor of innovation awards with six products, three more than the three it received last year. The CES Innovation Awards are presented by the Consumer Technology Association (CTA), the organizer of the show, to world-leading innovative products and services based on a variety of factors including technology and design. Cera
[News Space=Reporter seungwon lee] Samsung Electronics announced on the 15th that it will purchase a total of 10 trillion won worth of its own stocks to increase shareholder value. Samsung Electronics held a board meeting on this day and decided on a plan to buy back a total of 10 trillion won of its own stock over the next year. Of this, 3 trillion won of its own stock will be bought back and burned entirely within three months. Samsung Electronics will purchase shares through an on-exchange transaction from the 18th of this month to February 17th of next year. The treasury shares planned to
[News Space=Reporter seungwon lee] HD Hyundai carried out its 2024 executive appointments on the 14th. In the personnel changes that day, Vice Chairman Jeong Gi-seon was promoted to Senior Vice Chairman, and President Cho Seok of HD Hyundai Electric was promoted to Vice Chairman. Kim Jae-eul, Vice President of Shipbuilding Business at HD Hyundai Heavy Industries, has been promoted to President as CEO of HD Hyundai Samho, and Song Myung-joon, Vice President of Finance Support Office at HD Hyundai, has been promoted to President as CEO of HD Hyundai Oilbank. At HD Hyundai Oilbank, Vice President
[News Space=Reporter seungwon lee] That day has come again this year without fail. The whole country is bustling with November 11th day marketing. When most people think of November 11th, the first thing that comes to mind is Pepero Day, as well as Farmers' Day, Garaetteok Day, Chopsticks Day, Stick Day, Tithe Day, Singles' Day, Pedestrian Day, Physically Disabled Persons' Day, Real Estate Industry Day, Rail Day, Snow Day, Korean Song Day, Navy Foundation Day, UN Veterans Memorial Day, and Department Store Foundation Day. The Iri Station explosion, Option Shock, the end of World War I, Polish
[News Space=Reporter seungwon lee] The number of female executives in the top 100 companies in Korea has reached 463, the highest number ever. In addition, 74 out of the 100 companies this year produced at least one female executive, breaking the record set last year and the year before. Compared to last year, the total number of executives in the top 100 companies this year increased only slightly by 0.8%, but the number of female executives increased by 5.5% during the same period. Among individual companies, Samsung Electronics surpassed 80 for the first time this year, and Amore Pacific wa
[News Space=Reporter seungwon lee] Hanwha Ocean has won orders for two LNG carriers, recording the largest number of orders among domestic shipyards this year. Hanwha Ocean (CEO Kim Hee-chul) announced that it has received an order for two LNG carriers worth 713.5 billion won from Maran Gas Maritime, a subsidiary of Angelicoussis Group, the largest shipping company in Greece. The ships will be built at the Geoje Plant in Gyeongsangnam-do and delivered to the ship owner in 2027. In particular, this contract includes an option contract for two ships, so additional orders are expected in the futu
[News Space=Reporter seungwon lee] Samsung Electronics uses code names as a means of maintaining security and preventing information leaks during the development of new products. This is not only a security-related matter, but also a means of metaphorically expressing the philosophy and function of the product, and it also becomes a device that arouses curiosity in many people. In particular, these codenames implicitly represent the innovation and technological achievements of the devices developed by Samsung Electronics. For example, the Galaxy S10's 'Beyond' signifies new design and technolo
[News Space=Reporter seungwon lee] Lotte Welfood (formerly Lotte Confectionery) will be running a large-scale outdoor advertisement to promote Pepero Day in Times Square, New York, this year, following last year. This year, the scale has been further expanded. Lotte Welfood announced on the 4th that it will be showing digital advertisements on the giant screen of the 'TSX Broadway' building located in Times Square, New York, USA from the 21st of last month to the 11th of this month. This is the second Times Square advertisement following last year, and this year, the scale has been further exp
[News Space=Reporter seungwon lee] What do Samsung Electronics, KB Kookmin Bank, Hana Tour, Daesang, LF (LG Fashion), Lotte Asset Development, Hanjin, and Daewoo Construction have in common? These companies are coincidentally founded on November 1st. Choosing such dates reflects the growth and identity of the company and gives employees a sense of belonging. Such anniversaries have a significant impact on employee motivation and engagement. A financial industry insider said, "It's surprising that the founding anniversaries of Korea's leading companies and well-known large companies coincidenta