Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
IBM Korea made an announcement on Thursday, July 8, and it was related to a major shake-up in its line of company executives. It was revealed that it has appointed a new country general manager, and the firm chose Won Sung Shik for the post.
The new appointment at IBM Korea
According to The Korea Herald, the newly-appointed executive will be replacing IBM Korea’s former chief executive officer, Song Ki Hong. Song will be vacating his post as he was transferred to another job which will be supervising the company’s ASEAN operations in addition to the company’s S. Korean unit’s global business service.
"I feel honored with great joy to be the leader of the organization where I started my career, and I look forward to leading the company through the next phase of its growth in South Korea," the new chief stated after his official appointment. "Through IBM's differentiated strategy focused on hybrid cloud and artificial intelligence (AI) solutions, we will position ourselves as a business partner that plays a pivotal role in our clients' growth.”
He added that IBM Korea would continue to listen to its customers so they can provide the right products and services. Won said that they will listen to what they have to say with an open mind so the company can also continue to contribute to their customers’ growth and success.
In the last part of his speech, Won Sung Shik said that he is overwhelmed as he has come so far starting from his career position. He said that as the new CGM at IBM Korea, he is very excited to lead the team to the next level.
About Won Sung Shik
As posted in The Korea Times, Won got his first job at IBM Korea in 1991, and from there, he has acquired experience and expertise in various fields across the company’s multiple businesses that include marketing, finance, hardware, and global technology services.
He briefly left the company and worked for SK Telecom for four years, and this was from 2011 to 2015. While there, he has been successful in leading the telecom’s enterprise solutions business.
Finally, after his short stint in SK Telecom, he went back to IBM Korea and started to work in its technology venture. He led the company’s tech group in developing its hardware systems, cognitive software, and cloud solutions.
