Shulou(Shulou.com)11/24 Report--

CTOnews.com8, August 31 (Xinhua)-- on August 12, the South Korean government announced an amnesty list for "Restoration Day", in which Lee Jae-yong, vice chairman of Samsung Electronics and head of Samsung, was granted amnesty and reinstatement, which meant that Lee Jae-yong had the right to succeed his late father as head of Samsung.

According to a report in South Korea's Asia Daily on August 31, a person familiar with the matter said that Lee Jae-yong will take office as president on the occasion of Samsung's founding anniversary on November 1, which will be his second promotion since he was promoted as vice president in 2012. It is reported that Lee Jae-yong has actually been the president of Samsung Electronics since Lee Jianxi, the former president of Samsung, fell ill in 2014, but could not hold the post of president because of judicial risks.

After receiving an amnesty, Lee Jae-yong officially returned to Samsung and began the road to promotion. It is reported that Lee Jae-yong will announce his management vision when he takes office on November 1, including a future development strategy for the semiconductor sector and a large-scale investment plan for the biological business. It is worth mentioning that the appointment of Lee Jae-yong as president does not require the approval process of the general meeting of shareholders.

It is understood that the president of a South Korean enterprise generally refers to the top leader and decision maker of an organization.

CTOnews.com learned that on August 19, Lee Jae-yong attended the start ceremony of Samsung's semiconductor research and development (R & D) center in the Chi Hing Park in the city of long in Gyeonggi Province, South Korea, which is also the first public agenda since Lee Jae-yong returned to the front line of operation after being pardoned during the Restoration Day.

On August 16, Lee Jae-yong met with Bill Gates, who visited South Korea, and the two sides shared the results of the project and exchanged views on global social feedback activities.

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