[KH Explains] A look back on Lee Jae
Friday is the first anniversary of Samsung Electronics Executive Chairman Lee Jae-yong's official ascension to the top post at Korea's largest conglomerate.
Over the past year, the Samsung chief conducted various management activities to explore new opportunities, laying the foundation for his own “New Samsung” vision, while succeeding the legacy of his father, the late Chairman Lee Kun-hee, who died three years ago.
Experts agree that his push for “supergap technology” is the right direction for Samsung to consolidate its leadership in its core businesses, but they also advise him to make bolder decisions such as large-scale mergers and acquisitions to secure an early edge in future growth drivers.
Supergap strategy
The investment push for supergap technology is widely touted as the key feature of Lee's first year as chairman. Despite growing fears of an economic slowdown, Samsung has continued spending on research and development.
He has presented a blueprint to make Samsung -- the world’s No. 1 memory chip maker -- the global leader in system semiconductors by 2030, outpacing its archrival Taiwan Semiconductor Manufacturing Co. in terms of production capacity.
Samsung’s device solution division in charge of the tech giant’s sprawling chip business has suffered trillions of won in losses in recent quarters, hit hard by the slump in the memory chip market this year. But at the same time, the company has bolstered its readiness for the future by making massive investments.
In the second quarter this year, when Samsung’s operating profit plummeted 95 percent on-year, R&D spending soared 15.2 percent from a year prior to some 7.2 trillion won ($5.3 billion), while facility investment recorded 14.5 trillion won, up 18 percent in the same period.
The company is planning to spend 20 trillion won by 2030 to develop a new semiconductor R&D complex in Giheung, Gyeonggi Province, which is expected to work on advanced chips.
(责任编辑:건강)
- Samsung Biologics sees highest
- Dunamu CEO set for third term
- Korea inks 37 deals with UK, vows closer ties
- Two Koreans named among world's top 200 art collectors
- School violence drops, drugs among teens surge: police
- LG Energy Solution names new CEO to propel growth
- Two Koreans named among world's top 200 art collectors
- Fifty Fifty enters Billboard's year
- Seoul anticipates 3
- [Today’s K
- 이원욱 “이재명, 최강욱 징계 반발하는 개딸과 이별해야”
- [Herald Interview] Former Treasure member Bang Ye
- Samsung Biologics sees highest
- Pianist Kim Jun
- Violinist Yoo Da
- Story of first female leader of traveling entertainers reimagined
- Heritage expert You Hong
- Story of first female leader of traveling entertainers reimagined
- Hyundai Elevator, Erbud team up to rebuild Ukraine
- LG Energy Solution names new CEO to propel growth
- [Herald Interview] ‘Battery expansion to prompt strong cobalt, lithium trading’ views+
- Seoul to push through bill to ban dog meat consumption views+
- Seoul Philharmonic's new music director van Zweden to focus on Mahler, collaborations views+
- [Herald Interview] Latvia hopes to boost economic, cultural ties with Korea views+
- Culture Ministry offers Suneung takers free exhibitions, discounted performances views+
- [From the scene] Nakwon views+
- Navigate flavors of the Mediterranean in Seoul views+
- Govt. working to restore administrative network after major disruption views+
- Alternative nicotine products lead to reduction in smoking rates: report views+
- 국힘 누비는 김한길과 그의 사람들..."결 다른데" 친윤은 불편 views+