Samsung has appointed Roh Tae-moon as interim head of its consumer and smartphone unit following the passing of Han Jong-hee. With CEO Jun Young-hyun now solely leading the company, Samsung faces key challenges in its chip business and rising competition.
The change leaves newly appointed CEO Jun Young-hyun in full control as the tech giant navigates challenges in its semiconductor sector and increasing market competition.
A Samsung representative stated that no decision has been made regarding whether the company will retain its previous dual-CEO structure.
Roh, who has led Samsung’s mobile business since 2020, will now oversee the DX division, which includes the company’s TV, home appliance, and smartphone businesses. Samsung emphasized that the leadership transition aims to maintain stability within the DX unit.
Additionally, Samsung has appointed Choi Won-joon, former head of mobile R&D, to a new CEO position, while Kim Cheol-ji, formerly leading DX marketing, will now oversee the digital appliance business, including refrigerators and washing machines.
The family of the late Virginia Giuffre have urged King Charles III to meet survivors of sexual abuse during his upcoming state visit to the United...
India has purchased crude oil from Iran for the first time in seven years, as supply disruptions in the Middle East threaten global energy markets....
British police have arrested a fourth person in connection with an arson attack on ambulances belonging to a Jewish community charity. The arrest t...
Senegal has taken steps to curb government spending by banning non-essential foreign travel for ministers, as rising global oil prices place i...
Five people have been killed and 19 others injured in a Russian drone strike on a market in the front-line Ukra...
The family of the late Virginia Giuffre have urged King Charles III to meet survivors of sexual abuse during his upcoming state visit to the United States.
India has purchased crude oil from Iran for the first time in seven years, as supply disruptions in the Middle East threaten global energy markets.
British police have arrested a fourth person in connection with an arson attack on ambulances belonging to a Jewish community charity. The arrest took place at a London court on Saturday, where three other suspects were already appearing.
Senegal has taken steps to curb government spending by banning non-essential foreign travel for ministers, as rising global oil prices place increasing pressure on the country’s finances.
One U.S. crew member has been rescued after Iran downed a warplane, while the search continues for a second. At the same time, Iran has officially told mediators it will not meet U.S. officials in Islamabad in the coming days, calling U.S. demands unacceptable, according to The Wall Street Journal.
One U.S. crew member has been rescued after two American warplanes were downed over Iran and the Gulf, as the search continues for a missing pilot, while President Donald Trump has given Tehran 48 hours to agree to a deal to end the war.
One crew member from a U.S. warplane shot down over Iran has been rescued, U.S. officials said, as a search continues for a second crew member.
Residents in Pakistan say they are feeling "crushed" and have to put filling up the tank before putting food on the table. Diesel is set to rise by 55% and petrol 43% as the government hike prices for the second time in a month.
The U.N. Security Council is expected to vote next week on a Bahraini resolution to reopen the Strait of Hormuz and protect commercial shipping, diplomats said on Friday, amid opposition from China to any authorisation of force.
Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to GasBuddy data, as the U.S.–Israeli war with Iran continued to roil global energy markets.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
Stock markets across Asia fell on Monday as escalating conflict involving Iran drove oil prices sharply higher, fuelling fears of inflation and a potential global recession, with investors reacting to disruption risks in the Strait of Hormuz and prolonged hostilities.
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