management
BK Yoon and JK Shin appointed as Samsung Electronics Co-CEOs
At the 44th Annual General Meeting in Seoul, Samsung Electronics today named BK Yoon and JK Shin as co-CEOs of the company. This is an interesting move because Samsung Electronics will now have three co-CEOs as Oh-hyun Kwon who was appointed as the CEO last June will continue to retain his position. Samsung says the [...]
Samsung America buys NeuroLogica Medical Imaging Company
Samsung’s memo for Vision 2020 was to invest in healthcare industry and continuing in its pursuit is the latest acquisition from Samsung’s American subsidiary. Samsung Electronics America has acquired NeuroLogica that makes portable CT scanners products like BodyTom and CereTom. Although the details of the deal are kept confidential, Samsung plans to leverage its position [...]
Samsung promotes Jay Y Lee to Vice Chairman
Samsung today announced the annual executive reshuffle and confirmed to promote Jay Y Lee (Lee Jae-yong) as the Vice Chairman of Samsung Electronics. 44-year old Jay Y Lee (right) is Samsung Electronics Chairman Lee Kun-hee’s son and currently holds the position of Chief Operating Officer (COO) and President at Samsung Electronics. Samsung says the [...]
Samsung Electronics spin-off Samsung Display to commence operations
Last month Samsung Electronics got the approval from the shareholders to spin-off its display business under the name Samsung Display. Well as per plans, the Samsung Display Co. will be operational from tomorrow where Park Dong-gun will head the company as CEO and senior vice president. The company has over 20,000 employees worldwide, five [...]
Samsung hires former TSMC R&D Chief as R&D Vice President
Samsung Electronics confirmed that they’ve appointed the former research chief of Taiwan Semiconductor Manufacturing Company (TSMC), Liang Mong-song as their Vice President for Research & Development. TSMC is the world’s largest semiconductor foundry and uses a 28nm process, superior to Samsung. The appointment of Liang will be crucial for Samsung’s semiconductor and foundry business [...]
Samsung combines semiconductor and LCD business into one
Samsung today confirmed that their semiconductor and display business will be merged after they were separated in 2004. The move comes as the display division is facing losses and the merging of two different component business will help display division to offset their losses with burgeoning chip business. This has expectedly given way to [...]
Samsung enters in a joint venture with another healthcare company
Samsung continues its expansion in the healthcare business by entering into a joint venture with US-based Quintiles Transnational Corp. Samsung will invest 300 billion won or US$266 million and will setup a plant in Songdo district of Incheon, near Seoul to produce biopharmaceutical drugs for cancer and arthritis. Samsung Electronics and Samsung Everland will [...]
Samsung Electronics is Most Admired Company in Korea for 8th consecutive year
Samsung Electronics has been rated as the Most Admired Company for eight straight years. In a survey by Korea Management Association Consulting (KMAC), companies like Samsung, POSCO, Yuhan Kimberly, Hyundai etc. have been rated as the most respected companies in South Korea. The survey comprised of industry executives, security analysts, consumers as well as [...]
Samsung appoints Y.K. Kim as President and CEO of Samsung Elec. America
Samsung has announced a new President and CEO for its Electronics operations in America. Yangkyu (Y.K.) Kim will take place of C.S. Choi as Choi will return to Korea as an Executive Advisor to Samsung’s global Vice Chairman and CEO, Mr. G.S. Choi. Kim will assume the position effective immediately and will overlook the [...]
Lee Jae-yong promoted as Samsung Electronics President
The only son of Samsung Electronics’ Chairman, Lee Jae-yong has been promoted to the post of President in Samsung’s flagship Electronics subsidiary. Jae-yong will also hold its current Chief Operating Officer (COO) position. Meanwhile, Choi Gee-sung, CEO of Samsung Electronics will also assume the position of Vice Chairman in Samsung Electronics. The management reshuffle [...]