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Lee Kun-hee espouses importance of software

Aug 18,2011
Lee Kun-hee
Lee Kun-hee, chairman of Samsung Electronics Co., urged his company yesterday to step up efforts to develop its software competitiveness, even through mergers and acquisitions if necessary.

The call came one day after Google Inc. announced plans to purchase Motorola Mobility, a hardware company that makes many phones based on Google’s Android operating system.

“[The company] must strengthen the competitiveness of its information technology, secure more human resources and also more actively seek mergers and acquisitions,” Lee was quoted as saying at an emergency meeting with company executives.

The meeting apparently came as Google, with its acquisition of Motorola Mobility, is expected to become one of Samsung’s largest competitors. Lee forecast power shifts in the global IT industry, according to Samsung officials.

“We must pay attention to the fact that IT power is moving away from hardware companies such as Samsung to software companies,” he said in the meeting, according to the officials.

An official, however, said the company had no immediate plans to acquire any software company, saying Lee has always stressed the importance of software.


Yonhap



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