Witts, a power transmission solutions specialist, said on Jan. 8 it has appointed former Samsung Electronics vice president Lee Woo-seob as president to strengthen business competitiveness and build a foundation for mid- to long-term growth. Lee spent about 35 years at Samsung Electronics, working in procurement and supply chain operations. A Witts official said the hire was a strategic choice to improve core businesses and pursue stable growth to raise corporate and shareholder value.

Insung Information said on Thursday it will implement a 2026 organisational overhaul and switch from its existing co-chief executive structure to a sole CEO system led by Cho Seung-pil. The company said it abolished its headquarters-based structure and integrated a function-oriented organisation to simplify decision-making steps. Distribution subsidiary Insung Digital will also bolster operating efficiency, with Cho serving as CEO, and plans to improve its business structure and portfolio to raise profitability.