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

CTOnews.com October 27 news, according to Yonhap, South Korea Radio International and other South Korean media on October 27, local time 27, Samsung Electronics held a board of directors, announced vice president Lee Jae-yong promoted to president.

Before Lee Jae-yong was promoted to vice president in 2012, he had effectively become the head of Samsung Electronics. This time, without a separate inauguration ceremony, Lee Jae-yong was promoted to president.

"in the face of the deterioration of the global external environment, we believe that responsible management must be strengthened, management stability must be improved and bold decisions must be made quickly," Samsung's board of directors said. " President Lee Jae-yong's promotion agenda was proposed by outside director Jin Hanzu and decided after discussion with the board of directors.

CTOnews.com learned that preliminary verification data disclosed by Samsung Electronics on the same day showed that according to the consolidated financial statements, operating profit in the third quarter of 2022 was 10.852 trillion won (55 billion yuan), a sharp drop of 31.39 percent from a year earlier. Sales were 76.7817 trillion won, up 3.79% from a year earlier.

At the same time, there are strong voices around Lee Jae-yong calling for him to be promoted to president. A former Samsung executive said: "Vice President Li is now chairman, not his right, but his responsibility and obligation. Under such circumstances, we need to show the will to overcome the crisis with a sense of responsibility."

In January 2021, Lee Jae-yong was arrested in court after serving a two-and-a-half-year sentence in the second trial of the bribery case. The court found that Lee Jae-yong bribed Park Geun-hye and her confidant Choi soon-sil 8.68 billion won (51 million yuan) in exchange for government support for him to inherit the management rights of the Samsung Group. In August of that year, Lee Jae-yong was paroled and released early from prison, but his practice was still restricted. On August 12 this year, the South Korean government announced the amnesty list of "Restoration Day". Lee Jae-yong was granted amnesty and restoration rights, and was able to resume business activities.

Korean company position level representatives are: president, president, director, minister, vice minister, class director, agent. President: the president of a Korean enterprise generally refers to the top leader and decision maker of an organization. However, due to social and cultural differences, in Japan and South Korea, the word president is used to represent the highest-ranking chairman of the board of directors.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.