Samsung Electronics launches future business division, maintains two-CEO system
Published: 27 Nov. 2023, 10:10
Updated: 27 Nov. 2023, 19:40
- JIN EUN-SOO
- [email protected]
"Samsung Electronics will maintain the two-CEO system for management stabilization while fortifying core businesses," the company said in a release Monday.
"In order to discover new businesses that are not in an extended line of existing business, [Samsung Electronics] newly established a division dedicated to future businesses," the company said, adding the two promotions will help Samsung maintain global leadership in TV business and respond to global risks and build international networks.
The new future business division will be led by Jun Young-hyun, vice chairman of Samsung SDI.
The company said Jun's experiences in leading growth in memory chip and battery businesses and insights obtained from it will help Samsung discover "future business that will lead paradigm shift 10 years later."
Han Jong-hee, CEO and vice chairman of Samsung Electronics, leading the device experience, or DX, division, will part with the visual display business but will only lead the home appliance business.
Kyung Kye-hyun, CEO leading the device solutions, or DS, division, will also lead Samsung Advanced Institute of Technology.
BY JIN EUN-SOO [[email protected]]
with the Korea JoongAng Daily
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