[By NBC-1TV H. J Yook]Nearly half (48%) of CEOs polled worldwide believe the global economy will decline even further in the next 12 months, according to PwC's 15th Annual Global CEO Survey. Just 15% said the global economy will improve during 2012. However, nearly three times as many CEOs are confident in their own companies' growth prospects for the next 12 months than in the outlook for the global economy, suggesting CEOs believe they have learned how to manage through difficult and volatile economic times. Forty per cent of CEOs said they are ‘very confident’ of revenue growth for their co
[By NBC-1TV H. J Yook]Don Thompson, second from left, McDonald‘s President and Chief Operating Officer and Dr. Jacques Rogge, second from right, International Olympic Committee President sign McDonald’s Sponsorship renewal contract in Innsbruck, Austria on Friday, Jan. 13, 2012. McDonald‘s and the IOC announced the renewal of McDonald’s TOP Sponsorship through the 2020 Olympic Games.
[By NBC-1TV H. J Yook]John Buttermore has been appointed interim President and CEO of GM Korea Co., effective immediately. He is replacing Mike Arcamone, who has elected to leave GM and the automotive industry and return to his native Canada. A permanent replacement will be announced at a later date. “We are fortunate to have an experienced and trusted professional like John to lead our outstanding team in Korea on a temporary basis,” said Tim Lee, President of GM International Operations (GMIO). Buttermore joined GM’s Rochester Products Division in Rochester, New York, in 1978 after serving i
[By NBC-1TV H. J Yook]LG Electronics (LG) revealed its home appliance business strategies for 2012 in a discussion with members of the media at the tail end of this year’s Consumer Electronics Show (CES). Moon-bum Shin, Executive Vice President and CEO of LG Home Appliance Company, announced that LG’s primary goal this year is to strengthen its business foundations so that it can achieve the top position in the home appliance category by 2014. In order to achieve the objective, LG plans to enhance its competitive advantage in the refrigerator and washing machine segments and make strong invest
[By NBC-1TV H. J Yoo]As the major sponsor of Australian Open 2012, Kia Motors handed over a fleet of 101 specially-equipped official tournament vehicles to Tennis Australia during a ceremony in Melbourne today attended by executives from Kia Motors Australia and Tennis Australia, as well as Kia’s global brand ambassador, Rafael Nadal. This year celebrates Kia’s 11th consecutive sponsorship of the Australian Open and the handover ceremony brought the tally of Kia vehicles provided to the tournament over the last decade to 1,010. “The Australian Open is the biggest sporting event in the world in
[By NBC-1TV H. J Yook]TranSwitch Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions in the rapidly growing consumer electronics and telecommunications markets, today introduced its HDwire™ video interface solution. The Company‘s HDwire™ video interface solution offers the industry’s fastest video interface, supporting current and next-generation, high-definition (HD) video displays. The ultra-fast HDwire™ panel interface ensures reliable, crystal-clear video for the highest available computer and TV display resolutions at low power consumption and low system design cost.
[By NBC-1TV H. J Yook]LG Electronics (LG) will introduce the CINEMA SCREEN Design at the Consumer Electronics Show (CES) in Las Vegas. Featured in the new CINEMA 3D Smart TVs for 2012, CINEMA SCREEN Design reduces the bezel to just 1 mm, creating a more optimal and comfortable environment for immersive 3D viewing. “The 3D experience is still evolving and we at LG intend to push the limits of what 3D can deliver,” said Havis Kwon, President and CEO of LG Home Entertainment Company. “With our 2012 CINEMA 3D Smart TVs, we have been able to take a significant step forward, thanks to a series of ne
[By NBC-1TV H. J Yook]Citibank Korea, Inc. (CEO Ha Yung Ku) will launch “Very Good Revolving Loan” on January 9 which provides an annual 3% interest rate discount additionally to a contracted interest rate for customers who use less than 5% of the total overdraft limit. Overdraft loans in general apply the same interest rate to the total limit regardless of an actual outstanding loan amount. However, this new product is designed to give an additional 3% discount on an annual interest rate when customers use less than 5% of the total revolving limit to reduce customers’ burden. For example, a c
[By NBC-1TV H. J Yook]CogniVue Corporation, a pioneer of a new class of programmable processors for low power, small form factor embedded intelligent vision processing, today announced SmartVue™ - the smallest and lowest power smart camera module demonstration and development platform in the market today. SmartVue, a programmable 1-inch cube camera designed with OmniVision‘s OV7962 advanced CMOS image sensor and CogniVue’s CV2201 Image Cognition Processor (ICP), enables a multitude of embedded vision applications executing real-time image processing and scene analysis for markets where size an
[By NBC-1TV H. J Yook]LG Electronics (LG) will introduce its highly anticipated Google TV at the Consumer Electronics Show (CES) in Las Vegas. LG Smart TV with Google TV combines the familiarity of Google’s Android OS with the convenience and comfort of LG’s 3D and Smart TV technologies, offering consumers a new and attractive home entertainment option. “LG has constantly strived to provide consumers with wider choices in home entertainment that bring the highest level of sophistication and convenience,” said Havis Kwon, President and CEO of LG Electronics Home Entertainment Company. “Through