[By NBC-1TV H. J Yook]GM Korea hosted its 2012 Supplier Business Meeting today in Incheon to share its future plans and express appreciation for its suppliers’ contributions in 2011. The meeting was attended by about 450 people, including GM Vice President of Global Purchasing and Supply Chain (GPSC) Robert E Socia, GM International Operations Vice President of GPSC Johnny Saldanha, GM Korea executives, Korean Auto Industries Cooperation Association Chairman Dal-suk Shin, and GM Korea Supplier Association Chairman and E-won Solutech CEO Bum-young Choi. “Korean suppliers have been a key factor
A total of 14 European countries were qualified for the taekwondo competition of the 2012 London Olympic Games through the European Qualification Tournament, which wrapped up its three-day event in Kazan, Russia on Jan. 29, 2012.Serbia, Slovenia and Spain grabbed three Olympic tickets through the European Qualification Tournament, while host Russia, Germany, Ukraine and Turkey clinched two tickets each. Seven countries won one ticket. They are Armenia, Finland, the Netherlands, Poland, Italy, Sweden, and France.The third and final day of competition on Jan. 29 featured the women's -67kg, the w
[By WTF/NBC-1TV H. J Yook]Serbia grabbed two tickets to the taekwondo competition of the 2012 London Olympic Games on the second day of the three-day European Qualfication Tournament in Kazan, Russia on Jan. 28, 2012. For Serbia, the London Olympics will be its first Olympic taekwondo debut.Seven other countries - Italy, Turkey, Finland, Poland, France, Ukraine and Slovenia - clinched one Olympic ticket each on the second day of qualification tournament, which featured three weight categories: the women's -57kg, the men's -68kg and the men's +80kg.Serbia's Damir Fejzic defeated his Polish fina
[By WTF/NBC-1TV]Host Russia and Spain clinched two tickets each to the taekwondo competition of the 2012 London Olympic Games on the opening day of the European Qualification Tournament at the Palace of Martial Arts 'Ak Bars’ in Kazan, Russia, on Jan. 27, 2012.Germany and Sweden won one Olympic ticket each at the three-day qualification tournament, which drew a total of 120 athletes from 39 countries. The openig day featured two weight categories: the men's -58kg and the women's -49kg. On the first day of competition, host Russia won two tickets to London, acquiring a maximum four quota places
[By NBC-1TV H. J Yook]LG Electronics (LG) and Hitachi Plant Technologies, Ltd. named two senior executives to run its joint venture water treatment company, scheduled to begin operation on February 1, 2012. The two companies named Young-ha Lee Chief Executive Officer and Hidenao Kawai Chief Operating Officer for the new joint venture. The new company, LG-Hitachi Water Solutions Co., Ltd., will be based in Seoul and is expected to play a significant role in the rapidly growing water treatment industry. “Human use of water has increased more than 30-fold over the past three centuries but less th
[By NBC-1TV H. J Yook]Mountie Lee, the CEO of Paygate Co, inc. has announced the establishment of a data security center. For last 3 years the most important issue at Paygate has been data security, which needs to be updated constantly and continuously researched. PAYGATE is ranked as the no.1 finance company for stable and reliable global online settlement services. It offers global online credit card settlement service in Hong Kong, Japan, China, USA, and Europe. Since 2009, PAYGATE has been compliant with PCI DSS (Payment Card Industry Data Security Standard). PAYGATE, which is audited by C
[By NBC-1TV H. J Yook]Micron (Nasdaq:MU) announced today that its Hybrid Memory Cube (HMC) was chosen as a winner of The Linley Group‘s first annual Analysts’ Choice Awards. The Hybrid Memory Cube won the award for Best Technology of 2011. The Analysts‘ Choice Awards recognize the top microprocessor-related products of 2011 in several major categories, including embedded, mobile, PC, server, design IP and related technologies. For the Best Technology Award, The Linley Group’s team of technology analysts considered merits of the leading, forward-looking technologies that were announced during 2
[By NBC-1TV H. J Yook]ST-Ericsson, a joint venture of STMicroelectronics (NYSE:STM) and Ericsson (NASDAQ:ERIC), reported financial results for the fourth fiscal quarter ending December 31, 2011. Sales in the fourth quarter, excluding IP licensing to a third party, grew 1.3% over prior quarter. The operating loss reported for the fourth quarter was higher than the previous quarter. Didier Lamouche, President and CEO, commented: "As the recently appointed CEO of ST-Ericsson, my aim, and that of the entire organization, will be to ensure that we meet all of our stakeholders' expectations. As we r
[By NBC-1TV H. J Yook]Carnival Corp., the parent of Costa Cruises, whose captain sailed its Costa Concordia into a reef – capsizing the ship, killing at least 15 passengers and injuring others – should establish a billion dollar victim's fund to ensure its passengers are duly compensated for their pain, suffering and losses. “The move is especially important given the difficult and complicated jurisdictional maze Americans and foreign nationals alike face in making claims for this tragedy. At present, the Costa Concordia victims are relegated, thanks to the small print in their tic
[By NBC-1TV H. J Yook]Micron Technology, Inc., (Nasdaq:MU) today announced the retirement of two directors, Dr. Teruaki Aoki and James W. Bagley, from the company‘s board of directors. The announcement was made at the company’s annual shareholders' meeting. Dr. Aoki was first elected to the company‘s board of directors in 2006. Prior to his retirement, he served as chairman of the company’s compensation committee and also served on the governance committee. Mr. Bagley was first elected to the company's board of directors in 1997. He was presiding director from September 2002 until October 2009