[NewsSpace=JeongYoung Kim] Lee Jae-Yong, chairman of Samsung Electronics, visited Samsung Electronics' Giheung and Hwaseong campuses to reaffirm his commitment to semiconductor leadership "Utra-Gap" for future competitiveness. This is interpreted as a sign that he intends to succeed and develop the management legacy of his father, the late Lee Kun-Hee, chairman of Samsung Group, at a symbolic site where Samsung's semiconductor business was born ahead of his 1st anniversary as chairman on the 27th. The visit is also interpreted as a reflection of Lee's intention to person
[NewsSpace=JeongYoung Kim] Samsung's Guide Dog School, the world's first and only corporate-run guide dog school, celebrated its 30th anniversary on September 19, 2023. The school was founded by the late Lee Kun-hee, Samsung's former chairman, in 1993. Lee was a visionary leader who believed that the company had a responsibility to give back to society. He also believed that guide dogs could help improve the lives of people with disabilities and raise awareness about the importance of inclusion. In the early days, the school faced skepticism and criticism. However, Lee's commi
[NewsSpace=JeongYoung Kim] Amidst the tumultuous scenes unfolding at the 25th World Scout Jamboree (Jamboree), the decisive intervention of Samsung Electronics has emerged as the pivotal force to salvage the chaos, prompting the question, "Where would Korea be without Samsung?“ In a proactive effort to aid the ongoing 25th World Scout Jamboree (Jamboree) crisis, which has been severely affected by the continuous scorching heatwave and inadequate facilites, Lee Jae-Yong, the Chairman of Samsung Electronics, has taken steps to offer substantial assistance. Samsung Electronics has int
[NewsSpace=JeongYoung Kim] Samsung Biologics broke the record by surpassing 2 trillion won in orders for the first time in half a year. Samsung Electronics Chairman Lee Jae-Yong's willingness to foster bio as a "second semiconductor" and active investment are paying off. In addition, Samsung Biologics' production capabilities, CEO John Lim's sales strategy, order competitiveness, and quality management, leading to "super-gap" results. ■ Chairman Lee Jae-Yong's bio-interest, driving force behind SB’s performance According to Samsung Biologics on the 10
[NewsSpace=JeongYoung Kim] The combined stock value of the top executives from 33 major domestic conglomerates increased by more than 1.4 trillion KRW in the first half of the year. Lee Jae-Yong, Chairman of Samsung Electronics, secured the top position with a stock wealth approaching 13 trillion KRW. According to a survey conducted by the Korean CXO Research Institute on "Stock Valuation Changes among Major Group Executives as of June 2023, compared to early January," the survey covered 33 executives from conglomerates regulated by the Fair Trade Commission, whose stock valuation e
[NewsSpace=JeongYoung Kim] Samsung Electronics Chairman Lee Jae-yong, who embarked on his first business trip to the United States since taking office, held meetings with CEOs of more than 20 global companies, ranging from bio-pharmaceuticals to artificial intelligence (AI) and next-generation mobility. His exceptional networking skills have once again been recognized, drawing attention to his impressive network. Chairman Lee has often emphasized the importance of having many friends, stating that having more allies is beneficial in the semiconductor war. His recent endeavors are seen as an at
[NewsSpace=JeongYoung Kim] It has been argued that Korea's inheritance tax is excessively high compared to major foreign countries. In the case of Samsung, the inheritance tax of Samsung Electronics Vice Chairman Lee Jae-yong and other owner families was around 12 trillion won after the death of the late chairman Lee Kun-hee. The Korea Economic Research Institute (KERI) revealed this on the 11th through a report titled "Issues and Improvement Directions of the Current Corporate Succession Inheritance Tax System." KERI pointed out that as of 2021, the proportion of inheritance an
[NewsSpace=JeongYoung Kim] Samsung Electronics announced on April 27 that it posted sales of KRW 63.7454 trillion and operating profit of KRW 6.402 billion in the first quarter of this year based on consolidated standards. The company's semiconductor division recorded a quarterly deficit for the first time in 14 years since the first quarter of 2009, when it was hit by the global financial crisis. The explanation given by Samsung Electronics was that the overall purchasing sentiment was weakened due to global economic uncertainty and a slowdown in the economy, resulting in a 9.5% decrease
[NewsSpace=JeongYoung Kim] Samsung Electronics, which posted a deficit in the semiconductor sector in the first quarter of this year due to deteriorating memory conditions, is expected to record a company-wide deficit in the second quarter. According to industries on the 23rd, Samsung Electronics almost reached a break-even point (BEP) in the first quarter and is expected to turn to a company-wide deficit in the second quarter. Samsung Electronics' operating losses in the second quarter, estimated by securities firms that expected a deficit, were 1.286 trillion won in Hi Investment &