Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Amazon Prime Day 2026 Sales Top $26.4 Billion as Shoppers Chase Discounts Amid Inflation 
Nomura Stock Upgraded to Buy by BofA as Stronger ROE and Earnings Growth Boost Outlook 
Woowa Brothers Corp., a designs software applications and mobile apps for food delivery in South Korea announced this week that it has appointed a new chief executive officer to lead the company.
Woowa Brothers promoted Lee Kuk Hwan who was the company’s chief operating officer, to the CEO role. The company that operates the Baedal Minjok delivery service said that although it has already made an announcement, Lee will be formally appointed in March 2023 after the company’s upcoming shareholders’ meeting and board of directors' resolution.
According to The Korea Times, Lee graduated from Yonsei University, where he earned his college degree and obtained his MBA at Stanford University. It was in 2017 when he first joined Woowa Brothers after working for SK Telecom, Fila Korea, and McKinsey global consulting company.
When he was first hired at the company, the new CEO served as head of the Baemin Riders Business unit. He also held positions as the head of Woowa’s delivery division and led the business division at Baemin.
While serving in these posts, he has played a key role in introducing and bolstering the company’s food delivery business and quick commerce services presence in the market. He helped B Mart and Baemin Store gain more customers, and their market share has improved in the process.
“The new CEO is an expert with insight into overall business management, including business strategy establishment, operation, and risk management,” an official at Woowa Brothers official said in a press release. “As each business Lee was in charge has been proven with clear performance, we will exert our capabilities to make Baedal Minjok a platform that provides the best service in this market with high volatility.”
Meanwhile, it was said that the outgoing CEO, Kim Bom Jun, was offered to continue with a new term, but he politely declined after being in the role for three years. Prior to becoming the company’s chief, Kim was the chief technology officer.
As a CEO, he is being credited for solidifying Woowa Brothers as the industry's number one despite the stiff competition in the market. Finally, once he steps down, Kim is planning to become an advisor at the company to improve its product capabilities and leadership.
