Samsung Electronics Vice Chairman Jae-yong Lee seems to be about to take office as chairman

Samsung Electronics Vice Chairman Lee Jae-yong will meet with the Compliance Monitoring Committee on the 12th. Ahead of Samsung Electronics’ founding anniversary on the 1st of next month, observers say it may be a preliminary work for the inauguration of the chairman.

Starting with Samsung Electronics’ Giheung Campus, Samsung Engineering, Suwon Campus, and Samsung SDS, as well as Mexico, Panama, and the United Kingdom, which have been actively participating in management with amnesty in August, seems to end with a visit to the law-abiding committee.As Vice Chairman Lee has led Samsung as vice chairman for 10 years since 2012, the business community recognizes that the inauguration of the chairman is a “only a matter of time.” Samsung is the only company among the heads of the four major groups that is not the chairman. It is known that he is likely to be promoted to chairman as early as the 1st of next month, at the latest through a regular shareholders’ meeting next year.

It is said that only Vice Chairman Lee’s decision remains inside and outside the business community. Vice Chairman Lee also expressed his intention that management performance comes before promotion. On his way back home on a business trip on the 21st of last month, he also replied to the question of the promotion of the chairman, saying, “I think it will be more important for the company to do well.”According to the business community on the 11th, Vice Chairman Lee is expected to attend a regular meeting of the Samsung Compliance Committee to be held at the Seocho office in Seoul on the 12th.The Compliance Committee is an independent compliance management monitoring organization outside Samsung, which was created by the order of the court, which was in charge of the remand hearing of Vice Chairman Lee’s manipulation of state affairs. The second phase was launched in February and “realization of ESG management through improved governance” was selected as one of the three major tasks. If Vice Chairman Lee and the Compliance Committee meet, discussions on the promotion of the chairman as well as the governance structure are expected to take place. Lee, who joined Samsung Electronics as a department manager in 1991, has been serving as vice chairman for 10 years since he was promoted to vice chairman in 2001 and December 2012. There are many voices for the inauguration of the chairman as he is free to participate in management due to the “8.15 Amnesty Lottery.” This presence was, on compliance to hold office for prospect that the reason can be.

The vice president has granted amnesty after Samsung Electronics Co. Giheung Campus r and semiconductors d the Suwon Samsung Electronics business, Global Engineering Center (gec), Samsung Electronics Complex as groundbreaking for a Samsung management hit the ground campus wide and looking for, such as Jamsil sds. And Mexico and Panama, the United Kingdom, and the Real Estate and overrun with. Bill Gates to visit Korea biraen, Melinda.Masayoshi Son, Softbank chairman, to meet the Gates Foundation. The Songdo, Incheon, Korea, Samsung baiorojiksseu find production facilities and to encourage employees. With positive feedback from staff, as well as positive in this opinion, the chairman of the vice chairman. Giheung-gu, Yongin-si, Gyeonggi-do, Gyeonggi Province, with 19 first foreign lottery move is vice chairman of Samsung Electronics Lee Jae-yong campus in semiconductor r The last to attend the ceremony a groundbreaking ceremony for the complex and d.

The Samsung vice president for a long time, the financial sector representatives that there is no reason to delay the inauguration as president. In particular, the second half of this year increasing uncertainty management of this on the vice president, a situation where there is a growing should be a breakthrough in the voice.

In addition, the four owners is the vice president only not as chairman of the group. Chung Eui-sun past 2020, Hyundai Automotive Group Chairman Chung Mong-koo, chairman emeritus of the business his father, Choi Jong-Hyun, 1998, is a step back from the front lines, Chairman Chey Tae-won sk, take a week after death, the. L.G Group also took office a month after the death of its chairman, Koo Kwang-mo.An official at the business community “The notice, president of the vice chairman, is of the aftermath” he said, “At stake is his time” he said.Samsung Electronics Co. as early as next month, 1st birthday is cited as a periodic personnel the president of the possibility of December. Starting next March, the Board of Directors and shareholders through the registration of rising executives, the Chairman to hold the title is also being raised in the decree.”In the end, Vice Chairman Lee should make the final choice,” a business official said.

JULIE KIM

ASIA JOURNAL