Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Stellantis Korea has named its new president, who was revealed to be the former managing director of Renault Korea. The automotive manufacturing company appointed Bang Sil to lead the Korean unit of its auto business.
As per Korea Joongang Daily, Bang Sil has also become the first Korean woman to head Stellantis with her appointment. The company confirmed her promotion to the president post on Tuesday, Jan. 30.
Bang Sil's Work History
Stellantis Korea formally started operations in the country in 2021, and since then, the company has never had a female senior executive in management. Thus, Bang Sil is the first female director and Korean woman to lead the firm in the region.
Bang Sil's work as the new president at Stellantis Korea will begin on Feb. 1. Although she recently joined the company, she has been in the automobile business for over 20 years, holding chiefly marketing job posts. Bang Sil worked at Volkswagen Korea and moved to Renault Korea in 2015, where she led the marketing team for nine years.
Bang Pledges to Increase Stellantis' Presence in Korea
Stellantis is experiencing declining sales in the country, where it primarily markets three vehicle brands: DS Automobiles, Jeep, and Peugeot. Last year, the firm sold 4,512 units of Jeep, which was a 37% decrease compared to the previous year.
Moreover, it only sold 2,026 Peugeot units and 153 DS vehicles. Bang Sil's assignment is to increase sales, so she promised to work on this as Stellantis Korea's new president.
"Based on President Bangsil's leadership and deep knowledge of the Korean market, we are confident that he will contribute to increasing the competitiveness of the Stellantis brand in Korea by understanding the needs of Korean customers more closely," Korea's Financial News quoted Ashwani Muppasani, the chief operating officer of Stellantis India and Asia Pacific, as saying in a statement.
Bang Sil commented, "It is an honor to take on an important mission at Stellantis with a great sense of responsibility. We will strengthen communication with major stakeholders, including dealers and customers as well as internally, and improve Stellantis' presence in Korea and make the brand more deeply imprinted in the minds of customers."
Photo by: Stellantis Website
