In March 2020, Samsung began the construction of a new research and development center in Hanoi, Vietnam, which is expected to cost Samsung $220 million. Reportedly, the construction of this R&D center is now complete, and the Executive Chairman of Samsung Electronics, Lee Jae-yong, will visit Vietnam this week to celebrate the achievement. According to The […]
Read MoreSamsung Electronics Chairman Lee Jae-Yong and BMW CEO Oliver Zipse had a meeting on December 17, 2022, to solidify the cooperation between the two companies on EV batteries. The chiefs of both companies met at the BMW Driving Center in Yeongjong Island, Incheon, South Korea, along with other executives. The meeting involved discussions around facilitating […]
Read MoreReportedly, Lee Jae-Yong has left for the UAE, his first overseas business trip after taking over as the Executive Chairman of Samsung Electronics in October this year. Lee landed in Abu Dhabi, the capital of the United Arab Emirates, on Sunday. He is visiting the UAE to attend a private forum hosted by UAE President […]
Read MoreSamsung has officially announced that it has promoted a female executive to the position of President. According to Yonhap News Agency, Samsung Electronics has promoted Lee Young-hee to the President’s post of the Global Marketing Center for the Samsung DX (Device eXperience) division. It is the same department that oversees its smartphone business. This is […]
Read MoreSamsung has just announced that Lee Jae-yong has been appointed as Samsung Electronics’ Executive Chairman. The board approved the appointment after the recommendation by current board chairman Kim Han-jo. The post had been vacant for the past two years since the death of former Chairman Lee Kun-hee. Samsung Group’s board said that the company needs […]
Read MoreLike most chaebols or big family businesses in South Korea, the family of Samsung founder Lee Byung-chul continues to exercise control over the conglomerate. Samsung is in the unique position of being the largest and most powerful chaebols in the country. Samsung previously had a centralized management structure, basically a “control tower,” run by handpicked […]
Read MoreSamsung’s Lee Jae-yong will meet with SoftBank founder Masayoshi Son in Seoul next month. Mr. Son will visit South Korea’s capital city in October, and the media is questioning whether the meeting with Samsung’s leader might have anything to do with a possible acquisition of the British chip designer ARM. During an interview at the […]
Read MoreSouth Korea’s port city of Busan is among the several other venues hoping to win the bid to host the World Expo 2030. As the leader of the country’s biggest conglomerate, Samsung boss Lee Jae-yong is undertaking visits to several countries in order to win support for Busan’s bid. Lee Jae-yong has most recently visited […]
Read MoreWorld Expo 2030 is all set to debut in 2030, and Samsung, being one of the largest tech giants across the globe and a native of South Korea, wants the World Expo 2030 to happen in Busan, South Korea. Busan is going up against other venues, including Saudi Arabia’s Riyadh, Italy’s Rome, and Ukraine’s Odesa. Earlier this month, it […]
Read MoreSamsung’s chief Lee Jae-yong received a presidential pardon last month, but the scion won his case in the court of public opinion and the army of South Korean Samsung shareholders that want to see the company succeed. 5.9 million individual shareholders have supported the release of Samsung chief Lee Jae-yong from prison after he was convicted […]
Read MoreSamsung is heavily investing in chip manufacturing. The company is spending billions of dollars to set up new manufacturing facilities in South Korea and other countries, particularly the United States. Samsung’s P3 line in Pyeongtaek is now operational. This is the largest chip manufacturing facility ever built by Samsung. The company announced today that advanced […]
Read MoreSouth Korean president’s office announced today that Samsung Electronics Vice Chairman Lee Jae-yong will serve as the presidential envoy for the country’s bid to host World Expo 2030. He will join other high-profile business figures in the government’s campaign to host the prestigious event. Earlier reports claim that Lee plans to visit Britain later this […]
Read MoreThe current administration in the United States has a stated goal of making the country a major player in the global semiconductor industry. To that end, billions of dollars have been earmarked for investment and collaboration with existing players. As one of the leading semiconductor manufacturers, this provides incredible opportunities for Samsung. The company is […]
Read MoreSamsung Electronics Vice Chairman Lee Jae-yong received a huge relief today. The President of South Korea, Yoon Suk Yeol, pardoned Lee on the occasion of next week’s Liberation Day anniversary in the country. Lee Jae-yong can now formally take control of South Korea’s largest conglomerate. Earlier, Lee was sentenced to 2.5 years in prison after being […]
Read MoreMarket watchers and investors are worried that Samsung Electronics is losing its grip on the semiconductor market. More so, Samsung is reportedly losing ground due to internal issues rather than external factors driven by the competition. Critics worry that the Korean tech giant, particularly its chipset division, has lost its ability to innovate under Lee […]
Read MoreBusiness leaders in South Korea have consistently called on the government to pardon Samsung Group chief Lee Jae-yong. They believe that it’s important for Lee to return to the conglomerate’s leadership fully so that Samsung can play a more significant role in the chip market. Despite being out on parole, Lee Jae-yong still has to […]
Read MoreSouth Korean business leaders want Samsung heir Lee Jae-yong to be pardoned and free from all post-prison restrictions. The Samsung leader was sentenced to 2 and a half years in prison and released on parole in August last year, but whether or not President Yoon Suk-yeol will grant a full pardon remains unknown. Samsung’s de-facto […]
Read MoreSamsung de facto leader Lee Jae-yong reportedly met with a couple of high-profile Japanese business leaders earlier this week. Although the purpose of this meeting remains uncofirmed, it is believed that Lee’s goal is to strengthen business ties with Japan. Reports say that Samsung’s leader had dinner with Masazuka Tokura on Monday. Mr. Tokura is […]
Read MoreOn his business trip to Europe, Samsung Electronics Vice Chairman, Lee Jae-Yong, met with the Dutch PM Mark Rutte at the latter’s office in Hague, the Netherlands. As reported by Samsung (via Yonhap News Agency), Lee talked about the possibilities of expanding chip cooperation in the semiconductor industry and solving global supply chain issues. Lee specifically […]
Read MoreUS President Joe Biden is beginning his three-day visit to South Korea today, just ten days after Yoon Seok-youl became the President of South Korea. Biden’s tour will start with a visit to Samsung’s semiconductor chip plant in Pyeongtaek, the world’s biggest semiconductor factory. It is being reported that Samsung Electronics Vice Chairman Lee Jae-yong will be […]
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