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 […]
Samsung Electronics
Samsung’s Lee Kun-hee is South Korea’s richest person
A report released yesterday claims that Samsung Electronics’ current chairman, Lee Kun-hee is the richest person in South Korea. Lee Kun-hee has an estimated personal wealth from listed and unlisted companies of 8.73 trillion won or 8 billion US dollars. However, he is not the only wealthy person from Samsung to be featured in […]
Samsung Gwangju Electronics (Home Appliance biz) will be merged with Samsung Electronics
Samsung today announced that its Gwangju Electronics that makes refrigerators, washing machines, air conditioners, vacuum cleaners etc. will be absorbed by Samsung Electronics. The move is to gain manufacturing competitiveness and increase operational efficiency of the home appliance business. Samsung Gwangju Electronics will hold a meeting on October 29, 2010 to approve the merger […]
Samsung Digital Imaging will be a part of Samsung Electronics from tomorrow
As expected, Samsung Digital Imaging (SDI) will be a part of Samsung Electronics from tomorrow. The move disclosure had come late last year and was recently approved by the shareholders in South Korea. Even the European Commission gave a nod to the approval saying the merger “would not significantly impede effective competition in the […]