OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Bayer Wins Major U.S. Supreme Court Roundup Lawsuit, Shares Surge 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
LG Household & Health Care announced it has appointed a new chief executive officer after Cha Suk Yong stepped down. It was reported that the outgoing CEO is vacating his post after 18 years in the company.
As per The Korea Times, the poor performance of LG H&H is one of the reasons for Cha’s departure. He led the health and household arm of LG Group for a long time and decided it was time for him to make his exit and give way to the younger generation of leaders.
Then again, despite Cha’s statements, the change in leadership, which was confirmed by the company on Thursday, Nov. 24, was interpreted with other meanings. Business observers said that the reshuffle is actually LG H&H’s attempt to recover and get back on track. The company is experiencing slow down in sales right now, so a new leader could be an opportunity to take a leap forward again.
LG Household & Health Care said it has assigned Lee Jung Ae to replace Cha Suk Yong. Prior to the promotion, she has been serving as the company’s senior vice president and the beverage business unit’s head. Lee has become the first-ever female CEO of the firm.
The new chief joined LG H&H in 1986 and led the household goods, cosmetics, and beverage divisions as she slowly goes up in the executive ranking. Since she has been with the company for years, so it is clear that Lee has a high understanding of LG H&H’s business and organization as a whole thus, she is prepared to be the new CEO.
"LG's executive reshuffle for 2023 is focused on designing the future by deploying talented professionals with potential and expertise as new executives to lead LG's future," the LG Group stated regarding the executive revamp. "LG has thoroughly chosen new executives from the perspective of future competitiveness, ranging from R&D and customer experience, as well as production, purchase, supply chain management and quality/safety."
Yonhap News Agency reported that Lee Jung Ae would officially take over LG H&H on Dec. 1. It was not mentioned if Cha Suk Yong is staying in the company for another role or if he will retire already.
