Connect with us

Technology

KT&G CEO candidate Kyung-man Bang receives positive evaluations from major financial institutions

Published

on

– Morgan Stanley and Meritz Securities expect Mr. Bang’s appointment to drive growth in core business areas and strengthen shareholder returns

SEOUL, South Korea, March 4, 2024 /PRNewswire/ — Major financial institutions, such as Morgan Stanley and Meritz Securities have recently published analyst reports offering positive evaluations of Kyung-man Bang, KT&G’s CEO candidate. His official appointment is pending approval at the upcoming Annual General Meeting of Shareholders scheduled for March 28, 2024, as per the company’s recent disclosure.

Since last December, KT&G Board of Directors initiated a CEO appointment process. The Governance Committee and the CEO Candidate Recommendation Committee of the Board meticulously narrowed down the pool of CEO candidates from an initial longlist of 24 individuals to a first shortlist of 8, and to a final shortlist of 4 candidates. Ultimately, the CEO Candidate Recommendation Committee selected Kyung-man Bang, the current Chief Operating Officer and Senior Executive Vice President of KT&G as the final CEO candidate on February 22, 2024. The Governance Committee implemented open recruitment as one of the channels to form the CEO candidate pool, allowing individuals who meet the eligibility criteria to apply for the CEO position, and also accepted candidate recommendations from search firms.

KT&G Board of Directors explained that Mr. Bang is the most qualified candidate to navigate the company through market challenges and towards achieving its long-term vision of becoming a ‘Global Top-tier’ company, citing his extensive experience in the company’s overall business operations and significant contributions in shaping the company’s future vision. These qualities have also been highlighted in the recent analyst reports released by Morgan Stanley and Meritz Securities.

The Morgan Stanley report published on February 23, 2024 provides a favorable assessment of Mr. Bang’s nomination as the final CEO candidate and suggests a positive outlook for investors regarding his potential appointment. The report highlights that Mr. Bang has held various management positions since joining KT&G in 1998. His extensive experience includes roles such as Managing Director of Brand Management, Executive Managing Director of Global Headquarters, and Executive Managing Director of Strategy and Planning Headquarters. According to the report, Mr. Bang’s proactive engagement in investor relations activities, particularly his efforts to incorporate investors’ feedback to the company’s shareholder return policy, is highly esteemed.

Meritz Securities also issued an analyst report commenting that the company’s long-term growth strategies and shareholder return policies would be strengthened once Mr. Bang is appointed CEO. Meritz Securities pointed out that Mr. Bang played a pivotal role in formulating the company’s mid-to-long term growth strategies and shareholder return policy (2024-2026) unveiled last year. According to the report, Mr. Bang’s appointment would allow for leadership committed to expanding the global market presence and driving profitability of the company’s combustibles, Next Generation Product, and Health Functional Food business sectors.

KT&G faithfully executed on its three-year shareholder return policy worth KRW 2.75 trillion from 2021 to 2023, with Mr. Bang playing a crucial role in its implementation. As a result of proactive shareholder return initiatives, KT&G’s stock price has surged by around 13% over the past three years while the KOSPI index has dropped by approximately 12% during the same period. Last November, KT&G announced its New Shareholder Return Policy worth KRW 2.8 trillion that is in effect from 2024 to 2026. The new shareholder return policy encompasses KRW 1.8 trillion in cash dividend and KRW 1 trillion allocated for share buyback and cancellation. In addition to immediately cancelling newly acquired shares, KT&G also plans to cancel approximately half of its existing treasury shares over the next three years, resulting in the cancellation of approximately 15% of its shares issued.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ktg-ceo-candidate-kyung-man-bang-receives-positive-evaluations-from-major-financial-institutions-302078381.html

SOURCE KT&G Corporation

Continue Reading

Technology

Linker Vision Announces ESG Agent to Help Cities Plan More Sustainable Urban Environments

Published

on

By

BERLIN, Oct. 19, 2026 /PRNewswire/ — Linker Vision announced a new ESG AI agent designed to help urban planners evaluate sustainability initiatives and make more informed decisions. By combining environmental predictions with AI reasoning, the agent assesses urban heat and shade coverage to guide tree planting and greenery management, supporting cities’ climate adaptation goals. 

Turning sustainability goals into practical decisions

Linker Vision is working with MVRDV, the Dutch architecture and urban design firm, to explore how AI can help cities assess potential interventions before making changes in the real world. MVRDV contributed scientific data, shaped the evaluation criteria the agent uses to assess planning options, and tested the ESG agent during development.

An initial application focuses on urban forests. Linker Vision is collaborating with MVRDV on a digital twin that supports predictions of urban heat island effects and shade coverage. In the pilot, the agent identifies heat hotspots, selects suitable tree species and simulates the results, projecting that shade coverage could rise from 15.7% to more than 50% within 15 years.

Building on this pilot, the approach allows a shared digital twin to support multiple planning needs, including climate adaptation and disaster resilience. Urban forest planning is available today, and going forward, the city digital twin is designed to serve as a common foundation that government agencies can build on for additional applications, such as analyzing pedestrian flows and preparing venues for major sporting events.

How it works

The workflow combines a digital twin built using 3D Gaussian Splatting with NVIDIA accelerated computing and AI technologies. NVIDIA Omniverse libraries and OpenUSD have been implemented to unify city, tree and environmental data into a single scene, while NVIDIA Nemotron reasoning models let users run planting scenarios and optimize shade through natural language. NVIDIA Metropolis Blueprint for video search and summarization (VSS) and Cosmos open world foundation model help interpret video and understand real-world conditions.

In practice, a planner asks the agent where new trees would best reduce street-level heat. The agent tests planting options and simulates shade and temperature over a 15-year timespan in minutes, and planners review the recommended plan before an urban heat hotspot project moves forward.

Designing for future generations

“Every decision about a city shapes how future generations will live,” said Paul Shieh, founder and CEO of Linker Vision. “By connecting real-world understanding with simulation and AI reasoning, we want to help cities explore what is possible and make better choices for people and the planet.”

View original content:https://www.prnewswire.co.uk/news-releases/linker-vision-announces-esg-agent-to-help-cities-plan-more-sustainable-urban-environments-302911111.html

Continue Reading

Technology

Global Startup EXPO and Nippon Startup Awards 2026: METI Showcases Japan’s Deep-tech Results

Published

on

By

– GSE2026 Connects Global Venture Capitalists with Japanese Startups; Nippon Startup Awards 2026 Honors Startups Turning Innovation into Industry –

TOKYO, Oct. 19, 2026 /PRNewswire/ — From September to October 2026, the Ministry of Economy, Trade and Industry (hereinafter “METI”) held the Global Startup EXPO 2026 (hereinafter “GSE2026”) and the Nippon Startup Awards 2026, highlighting the strength and growth of Japan’s startup ecosystem. GSE2026 brought together top-tier investors, visionary startups, corporations, and key ecosystem participants from Japan and around the globe. Separately, the Nippon Startup Awards 2026 recognized remarkable innovations demonstrating Japan’s growing capacity to transform breakthrough deep-tech into real-world industrial solutions.

Expo and Awards Logos:
https://cdn.kyodonewsprwire.jp/prwfile/release/M109206/202610137787/_prw_PI1fl_JPI1sgRq.png 

Global Startup EXPO 2026 Recap

In Session: https://cdn.kyodonewsprwire.jp/prwfile/release/M109206/202610137787/_prw_PI2fl_AyG90Gzn.png 

Held in Osaka from October 5 to 7, GSE2026 welcomed more than 10,000 visitors and featured over 50 conference sessions. The event served as a premier global hub, generating vital business matchmaking sessions and creating unparalleled opportunities for global investors and Japanese startups to explore strategic investments and collaborations. A major highlight of the event was the participation of prominent industry figures, including Ben Horowitz, co-founder of Andreessen Horowitz (a16z), and Andy Rubin, co-founder of Android. Their presence underscored the increasing global interest in Japan’s dynamic tech ecosystem. Building upon this remarkable success, METI is pleased to announce that the Global Startup EXPO is planned to be held again next year.

Nippon Startup Awards 2026 Overview

Group Photo: https://cdn.kyodonewsprwire.jp/prwfile/release/M109206/202610137787/_prw_PI3fl_MNvb1svB.jpg 

In a separate initiative, the 2026 Nippon Startup Awards celebrated exceptional entrepreneurial achievements, recognizing 10 outstanding companies for their innovation and impact. This press release proudly highlights two exceptional winners whose pioneering technologies are actively addressing major industrial and societal challenges both in Japan and internationally.

– Mujin (Prime Minister’s Award): Mujin was recognized for becoming the first company to globally commercialize complex motion-planning technology, an ambitious feat considered practically impossible for 50 years. By successfully developing its proprietary MujinMI technology, the company enables the automation of complex logistics and manufacturing operations. This advancement offers a highly effective solution to pressing global labor shortages.

– Regional Fish (Minister of Economy, Trade and Industry Award): Regional Fish was recognized for its pioneering use of genome-editing technology in aquaculture. Through its innovative approach, the company has shortened aquatic breeding cycles from approximately 30 years to just two or three years. This advancement contributes significantly to sustainable solutions for global food challenges and the revitalization of regional fisheries.

Further Information

To explore comprehensive insights from the recent global summit, please access the following link:
https://global-startup-expo.com/en/?utm_source=prwire&utm_medium=referral&utm_campaign=20260914&utm_content=en_url_

For the full list of recognized companies, please visit: https://www.meti.go.jp/english/press/2026/09/20260925002.html 

View original content:https://www.prnewswire.com/news-releases/global-startup-expo-and-nippon-startup-awards-2026-meti-showcases-japans-deep-tech-results-302912264.html

SOURCE Ministry of Economy, Trade and Industry (METI)

Continue Reading

Technology

PingPong continues international growth, expands into Iberia through strategic partnership with Getnet

Published

on

By

LONDON and MADRID, Oct. 19, 2026 /PRNewswire/ — PingPong , the intelligent payments infrastructure for global growth, today announces a strategic partnership with Getnet, the leading AI-payments company, part of Santander Group, to expand access to its financial infrastructure across Iberia.

The collaboration brings together two established payments businesses to deliver a stronger payment capability in the region and a simple, streamlined solution for global businesses looking to expand operations in Iberia.

Aaron Xu, General Manager, Europe and Americas at PingPong , said: “Iberia is one of Europe’s most valuable commerce markets, and the 750,000+ businesses in our network want to operate there on payment infrastructure they already trust. Our move into Iberia is the latest step in an ongoing global expansion, driven by rising customer demand and sustained investment in our international growth.”

Fabrice Mendez, Global Head of Partnerships at Getnet , said: “This partnership represents another important milestone in Getnet’s strategy to expand our open-market business across Europe while strengthening the connections between Iberia and one of the world’s fastest-growing commerce ecosystems. By combining PingPong’s strong presence across Asia with Getnet’s leadership in Europe and Latin America, we are creating new opportunities for international merchants to grow with a seamless and trusted payment experience.”

About PingPong

Founded in 2015, PingPong is a global cross-border B2B payments platform supporting over 750,000 businesses across more than 200 countries. The company annually processes over $300bn and holds 80+ financial licences worldwide. PingPong operates from 44 offices across 18 countries.

For more information, visit www.pingpongx.com.

About Santander Getnet

In 2025, Getnet processed over €238 billion across 10.5 billion transactions, serving 1.2 million clients. The company ranks as the largest acquirer in Latin America by purchase volume, and among the top 10 globally. Getnet operates across Brazil (as an e-commerce leader), Mexico, Chile, Argentina, Uruguay, Spain, and Portugal.

View original content:https://www.prnewswire.co.uk/news-releases/pingpong-continues-international-growth-expands-into-iberia-through-strategic-partnership-with-getnet-302911506.html

Continue Reading

Trending