Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Samsung Electronics reportedly hired two executives who have previously worked for Ericsson, a networking and telecommunications company headquartered in Stockholm, Sweden. They are said to be experts in their line of work and were hired to help strengthen the company’s network business.
Business insiders said on Sunday, Jan. 29, that Samsung Electronics formed a task force under its network business unit to manage its new trade blueprint. In connection with this, the South Korean firm hired experts to handle it.
As per The Korea Herald, Samsung Electronics appointed the former Ericsson strategic sourcing manager as the task force chief of the newly-created group. The South Korean firm also recruited Jo Mi Sun, who worked at the Swedish telecom firm as the head of sustainability and corporate responsibility. She will be responsible for finding new business lines and sales in Europe.
It was noted that prior to the formation of the task force team, the company also made some changes in its executive line-up last year. For instance, it has promoted Kim Woo June as president and head of the network business unit. Before his promotion, he was the senior vice president and head of products and business strategy,
Samsung also appointed its very first female president in its 53-year history. It has promoted Lee Young Hee, who became the president and head of the global marketing officer of its Device eXperience (DX) unit, which includes smartphones and consumer electronics.
Five other executives were named presidents of different company subsidiaries. All in all, Samsung has a total of 20 presidents who manage its various businesses.
Meanwhile, the changes took place as Lee Jae Yong officially assumed the position of chairmanship at Samsung. Since being pardoned by the government under the leadership of President Yoon Suk Yeol last year, Lee has been actively reorganizing the company to expand its network business and better compete with rivals.
Photo by: Valentyn Chernetskyi/Unsplash
