Latest Lee Jae-yong news

Samsung and BMW chiefs meet to discuss cooperation on EV batteries

Samsung Electronics Chairman Lee Jae-Yong and BMW CEO Oliver Zipse had a meeting on December 17, 2022, to solidify the cooperation between the two companies on EV batteries. The chiefs of both companies met at the BMW Driving Center in Yeongjong Island, Incheon, South Korea, along with other executives. The meeting involved discussions around facilitating […]

By Sagar Naresh
1 month ago

Samsung chief Lee goes on his first business trip to UAE as chairman

Reportedly, Lee Jae-Yong has left for the UAE, his first overseas business trip after taking over as the Executive Chairman of Samsung Electronics in October this year. Lee landed in Abu Dhabi, the capital of the United Arab Emirates, on Sunday. He is visiting the UAE to attend a private forum hosted by UAE President […]

By Sagar Naresh
2 months ago

Samsung announces its first ever female president

Samsung has officially announced that it has promoted a female executive to the position of President. According to Yonhap News Agency, Samsung Electronics has promoted Lee Young-hee to the President’s post of the Global Marketing Center for the Samsung DX (Device eXperience) division. It is the same department that oversees its smartphone business. This is […]

By Sagar Naresh
2 months ago

Lee Jae-yong becomes Executive Chairman of Samsung Electronics

Samsung has just announced that Lee Jae-yong has been appointed as Samsung Electronics’ Executive Chairman. The board approved the appointment after the recommendation by current board chairman Kim Han-jo. The post had been vacant for the past two years since the death of former Chairman Lee Kun-hee. Samsung Group’s board said that the company needs […]

By Asif Iqbal Shaik
3 months ago

As risks grow, Samsung’s ‘control tower’ may return to prevent disaster

Like most chaebols or big family businesses in South Korea, the family of Samsung founder Lee Byung-chul continues to exercise control over the conglomerate. Samsung is in the unique position of being the largest and most powerful chaebols in the country. Samsung previously had a centralized management structure, basically a “control tower,” run by handpicked […]

By Adnan Farooqui
3 months ago

SoftBank founder to meet Lee Jae-yong next month for possible ARM deal

Samsung’s Lee Jae-yong will meet with SoftBank founder Masayoshi Son in Seoul next month. Mr. Son will visit South Korea’s capital city in October, and the media is questioning whether the meeting with Samsung’s leader might have anything to do with a possible acquisition of the British chip designer ARM. During an interview at the […]

By Mihai Matei
4 months ago

Samsung boss visits Panama to leverage historic ties for Expo 2030 bid

South Korea’s port city of Busan is among the several other venues hoping to win the bid to host the World Expo 2030. As the leader of the country’s biggest conglomerate, Samsung boss Lee Jae-yong is undertaking visits to several countries in order to win support for Busan’s bid. Lee Jae-yong has most recently visited […]

By Adnan Farooqui
5 months ago

Samsung chief Lee Jae-yong meets Mexican President to get support for World Expo 2030 in Korea

World Expo 2030 is all set to debut in 2030, and Samsung, being one of the largest tech giants across the globe and a native of South Korea, wants the World Expo 2030 to happen in Busan, South Korea. Busan is going up against other venues, including Saudi Arabia’s Riyadh, Italy’s Rome, and Ukraine’s Odesa. Earlier this month, it […]

By Sagar Naresh
5 months ago

Lee Jae-yong’s presidential pardon was won by popular vote

Samsung’s chief Lee Jae-yong received a presidential pardon last month, but the scion won his case in the court of public opinion and the army of South Korean Samsung shareholders that want to see the company succeed. 5.9 million individual shareholders have supported the release of Samsung chief Lee Jae-yong from prison after he was convicted […]

By Mihai Matei
5 months ago

Samsung starts chip production at its largest manufacturing facility ever

Samsung is heavily investing in chip manufacturing. The company is spending billions of dollars to set up new manufacturing facilities in South Korea and other countries, particularly the United States. Samsung’s P3 line in Pyeongtaek is now operational. This is the largest chip manufacturing facility ever built by Samsung. The company announced today that advanced […]

By Adnan Farooqui
5 months ago

Samsung’s Lee Jae-yong will be South Korea’s presidential envoy for its World Expo 2030 bid

South Korean president’s office announced today that Samsung Electronics Vice Chairman Lee Jae-yong will serve as the presidential envoy for the country’s bid to host World Expo 2030. He will join other high-profile business figures in the government’s campaign to host the prestigious event. Earlier reports claim that Lee plans to visit Britain later this […]

By Asif Iqbal Shaik
5 months ago

Samsung boss may visit the US to boost semiconductor ties

The current administration in the United States has a stated goal of making the country a major player in the global semiconductor industry. To that end, billions of dollars have been earmarked for investment and collaboration with existing players. As one of the leading semiconductor manufacturers, this provides incredible opportunities for Samsung. The company is […]

By Adnan Farooqui
5 months ago

Samsung heir Lee Jae-yong pardoned by South Korean President, gets cleared of bribery charges

Samsung Electronics Vice Chairman Lee Jae-yong received a huge relief today. The President of South Korea, Yoon Suk Yeol, pardoned Lee on the occasion of next week’s Liberation Day anniversary in the country. Lee Jae-yong can now formally take control of South Korea’s largest conglomerate. Earlier, Lee was sentenced to 2.5 years in prison after being […]

By Asif Iqbal Shaik
6 months ago

Investors worry Samsung’s chip division has lost its ability to innovate

Market watchers and investors are worried that Samsung Electronics is losing its grip on the semiconductor market. More so, Samsung is reportedly losing ground due to internal issues rather than external factors driven by the competition. Critics worry that the Korean tech giant, particularly its chipset division, has lost its ability to innovate under Lee […]

By Mihai Matei
6 months ago

South Korea’s Prime Minister to recommend pardon for Samsung boss

Business leaders in South Korea have consistently called on the government to pardon Samsung Group chief Lee Jae-yong. They believe that it’s important for Lee to return to the conglomerate’s leadership fully so that Samsung can play a more significant role in the chip market. Despite being out on parole, Lee Jae-yong still has to […]

By Adnan Farooqui
6 months ago