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Finance
Toss Insurance confirms third term for CEO Cho Byung-ik (조병익)
Toss Insurance said on March 30 it approved the reappointment of its incumbent CEO, Cho Byung-ik (조병익), at a regular shareholders meeting held on March 27. His new term will run for 2 years from April 1. Cho took office in 2019 and, after two reappointments, will lead the organisation for 10 years through 2028. The company said shareholders’ decision reflects trust in his leadership.
Industry
Samsung Electronics considers expanding memory chip contracts to 3 to 5 years
Samsung Electronics is reviewing a plan to sharply extend the duration of its memory semiconductor supply contracts. It is considering shifting contracts currently signed on a quarterly or annual basis to long-term agreements lasting 3 to 5 years, Bloomberg News reported on March 18. The move aims to stabilise supply and reduce concerns over shortages of key components. Shares of Samsung Electronics rose as much as 6.5 percent.
Industry
Samsung to hold first-half open recruitment drive, 18 units to take part
Samsung will run an open recruitment programme for the first half of the year and begin taking applications from March 10, it said on March 9. Eighteen affiliates, including Samsung Electronics, will participate. Applicants can apply through the Samsung Careers website until March 17. Hiring will proceed through job-fit screening in March, GSAT in April, interviews in May and health checks, with alternative assessments for software and design roles.