SEOUL, Sept. 12 (Korea Bizwire) – Samsung Electronics Co. said Monday its vice chairman, Lee Jae-yong, was nominated to be a member of its board of directors, a move that will allow him to take a “more active role” in the decision-making process. The nomination of Lee, the only son of ailing Samsung Electronics Chairman [...]
SEOUL, May 3 (Korea Bizwire) — It has been almost two years since Samsung Group chairman Kun-hee Lee was hospitalized after suffering a heart attack. With a sudden void in leadership, there have been many voices of concern from both within and outside the company. After two years, however, Samsung still figures among the global [...]
SEOUL, Apr. 27 (Korea Bizwire) — A high-ranking Samsung Group official said the conglomerate will not roll out further reorganizations of affiliates, amid the rising rumor that the family-controlled giant will offload its credit card and construction businesses. “There are no more affiliates or businesses that will be offloaded,” said Kim Jong-joong, an official from [...]
SEOUL, Dec. 24 (Korea Bizwire) – This year has been a busy period for the top family-controlled conglomerate in South Korea, the Samsung Group, especially due to its struggle to pave the way for the coronation of a new generation. The head of the Samsung Group was hospitalized in early 2014. With the absence of [...]
SEOUL, Aug. 28 (Korea Bizwire) — Samsung SDI Co., the battery-making arm of South Korea’s top conglomerate, Samsung Group, said Friday it will buy the cell material division of its chemical affiliate, in a move to bolster competitiveness in the sector. Samsung SDI will take over the cell material unit of Samsung Fine Chemicals Co. [...]
SEOUL, July 3 (Korea Bizwire) – Samsung Group is planning to provide various measures to help overcome the economic recession caused by the outbreak of the Middle East Respiratory Syndrome (MERS). On July 2, the largest business group in Korea announced that it had come up with various plans to boost domestic demand that has been [...]
SEOUL, June 2 (Korea Bizwire) – South Korea’s top family-controlled conglomerates, known here as chaebol, have recently announced plans to merge their key units, in what is widely seen as a play to simplify their governance structures and help pave the way for power transfers. Betting such moves will trigger a bull run for the [...]
SEOUL, Jan. 20 (Korea Bizwire) – Lee Jae-yong, vice president of Samsung Electronics, and his two sisters held a ceremonial New Year dinner meeting with new executives Monday, the first without their father present as he remains bedridden following last year’s heart attack. Lee Jay-yong, the only son of the patriarch of South Korea’s top [...]
SEOUL, Dec. 3 (Korea Bizwire) — As Samsung Group announced its annual president-level reshuffling results on December 1, the attention is now paid to the follow-up announcement on executive-level personnel change and the group affiliates’ organizational change. As for president-level change, the number of presidents sacked and appointed has been somewhat reduced from the last year. [...]
SEOUL, Nov. 28 (Korea Bizwire) – After the 2-trillion won (US$1.8 billion) deal that sent its chemical and defense subsidiaries (including Samsung Techwin) to Hanhwa Group, Samsung plans to repurchase its business jets, which are currently under Techwin’s management. Hanwha’s acquisition of Samsung Techwin made industry watchers curious about the disposal of the Samsung Group [...]