Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
General Motors announced it has appointed Roberto Rempel as the new president and chief executive officer of its Korean unit. Prior to this assignment, he was the president of GM Technical Center Korea (GMTCK), General Motors' second-largest product engineering center.
According to Yonhap News Agency, Rempel will take on his new role at GM Korea effectively on June 1. He will be replacing Kaher Kazem, who will be transferred to SAIC-GM in China as its new executive vice president.
Rempel's post at the GMTCK will be taken over by Brian McMurray as the center's new president and he is also set to assume office with his new role on the 1st of June. In any case, the SAIC-GM is a joint venture company set up by General Motors and Shanghai, China-based SAIC Motor auto firm. The JV produces and sells GM vehicle units in China.
"We are fortunate to have someone of his caliber leading the team in Korea, one of GMI's core markets," GM senior vice president and president and GM International's president said in a press release. "Roberto comes to the role with clear objectives to win more customers in domestic and export markets, deliver a flawless launch of our new global crossover, grow our brands in Korea and continue to improve the competitiveness of our operations in Korea."
Rempel started his career at General Motors when he joined the Brazil team unit in 1982. He mainly served in product management and vehicle engineering for various GM markets at that time. It was in 2015 when he moved to South Korea and was appointed as GMTCK's president in early 2019.
Under his leadership, Rempel successfully led the development and launch of many programs at the GMTCK. The Korea Herald reported that he also played a major role in the successful introduction of General Motors' new vehicle models, including the Chevrolet Trailblazer, the Buick Encore GX, and other next-generation crossovers. The said units are the models that played a big role in the turnaround of GM's business in S. Korea.
Finally, the newly-appointed president and CEO of GM Korea said he feels honored to lead the company, especially at this important time. "I am confident that our next global vehicle – the compact crossover – will also be a hit with our customers around the world," he said.
