The board of directors, which will be held before Samsung Electronics’ third-quarter earnings announcement on the morning of the 27th, is said to discuss issues such as approval of financial statements and vice chairman Lee’s appointment as chairman.
Vice Chairman Lee’s official inauguration as chairman is likely to be on November 1, Samsung Electronics’ founding anniversary.
Since the chairman is not a title under the law (commercial law), it is not necessary to go through the approval of the board of directors, but he/she will go through the process of obtaining internal consent.
Analysts say that Vice Chairman Lee’s promotion to chairman through the board of directors reflects his philosophy of emphasizing “board-centered responsible management.
“Currently, Vice Chairman Lee is the only one whose title is the vice chairman among the heads of the nation’s top five conglomerates.
The business community expects Vice Chairman Lee to speed up the implementation of “New Samsung” in earnest if a consensus is formed on the agenda for the promotion of the chairman at the board of directors.
It is observed that it could bring a revolution comparable to the late Chairman Lee Kun-hee’s “New Management Declaration.
” Analysts say that it will build a group control tower to oversee the management situation of its affiliates to bring together scattered leadership of affiliates and promote synergy between core businesses.
An official from the business community said, “The role and leadership of Vice Chairman Lee is more urgent than ever in the global complex crisis. It is time to actively engage in large-scale investment and new growth engines aimed at the top of system semiconductors.”
Investing in technology that is not in the world,” he suggested the direction for a new Samsung.
After being reinstated on Aug.
15 this year, Vice Chairman Lee visited domestic and foreign businesses of major affiliates of the group and is working hard on field management.
In particular, the statement, “first, second, and third, technology,” made on the way home from a business trip to Europe in June, is interpreted as a message that reveals that New Samsung’s stance is focusing on technological innovation.
Chairman Lee also repeatedly asked executives and employees to “create the future with technologies that are not in the world” at the groundbreaking ceremony of the R&D complex at Samsung Electronics’ semiconductor business in Giheung, Gyeonggi Province, in August.
On the 11th of this month, he visited Incheon Samsung BioLogics Songdo Campus for the first time in seven years and expressed his willingness to preemptively invest about $5.3 billion in the bio industry over 10 years.
Vice Chairman Lee is currently helping to host the 2030 Busan World Expo as a presidential envoy.Kim Han-jo, chairman of Hana Financial Public Interest Foundation, Kim Sun-wook, honorary professor of law at Ewha Womans University, Kim Jong-hoon, former managing director of Singapore Investment Agency, Han Jong-hee, vice chairman of Device Experience, Kang Kyung-hyun, president of Mobile Experience.
EJ SONG
ASIA JOURNAL
