Samsung Electronics' History, CEO, Future & Chairman Lee Jae-yong

Samsung Electronics is a South Korean manufacturing company and is the flagship company of Samsung Group. We are doing semiconductor and display business focusing on electronic products of mobile phones and laptops, home appliances of air conditioners and refrigerators, and memory semiconductors.

1. History of Samsung Electronics

Samsung Electronics was established as Samsung Electro-Mechanics Co., Ltd. on December 1, 1969. At the time of its establishment, it produced and sold electronic components and electronic products. On January 1, 1974, the company changed its name to Samsung Electronics and entered the electronics business in earnest. Samsung Electronics launched Korea's first color television in 1983. This product became very popular and contributed to spreading the name of Samsung Electronics. It launched Korea's first mobile phone in 1988 and built Korea's first semiconductor line in 1993. Samsung Electronics achieved full-fledged growth in the 2000s. It launched Korea's first smartphone in 2008 and Korea's first tablet PC in 2011. Also, in 2012, it mass-produced the world's first quantum dot display. Samsung Electronics is currently the world's largest mobile phone manufacturer, the world's largest semiconductor manufacturer, and the world's largest display manufacturer. Samsung Electronics' sales and net profit stood at 279.81 trillion won and 53.27 trillion won as of 2021, making it the largest company in South Korea. Samsung Electronics accounts for 17% of Korea's economy and 20% of Korea's total exports. Samsung Electronics has brought various economic effects to Korea, such as job creation, technology development, and tax revenue increase. It has greatly contributed to enhancing the brand value of Korea and is currently competing worldwide as a global company. Samsung Electronics operates production plants in major countries around the world, including the United States, Europe, and China, and has sales subsidiaries in countries around the world. It is a leading company in the global market and contributes greatly to the economic development of Korea.

2. CEO of Samsung Electronics

Han Jong-hee has been CEO of Samsung Electronics since December 2022. He was born in Seoul in 1960 and graduated from Seoul National University in 1982 with a degree in electronic engineering. I joined Samsung Electronics in 1982 and worked in TV and display business. From 2017 to 2022, he served as the head of Samsung Electronics' video display business. In 2022, he was promoted to vice chairman of Samsung Electronics' CEO and inaugurated as CEO. CEO Han Jong-hee is an expert in TV and display, and is credited with leading Samsung Electronics' TV business to the top of the world. He is also interested in semiconductor and bio, which are future growth engines. CEO Han Jong-hee aims to create a "customer-loved company."

3. Samsung Electronics' Future

Samsung Electronics is a leading company in the global market. I am currently operating various businesses such as semiconductors, displays, mobile phones, and home appliances. We are also investing in future growth engines such as bio, artificial intelligence, and self-driving cars. The future of Samsung Electronics is bright. Strong investments in technology and innovation provide a competitive advantage and strong brand power in the global market. Samsung Electronics is expected to grow further as future industries such as 5G, the Internet of Things, and self-driving cars grow. It has strong brand power in the global market and is expected to grow further as future industries such as 5G, the Internet of Things, and self-driving cars grow.

※ Chairman Lee Jae-yong

Lee Jae-yong is a South Korean businessman, the third president of Samsung and the chairman of Samsung Electronics. He is the grandson of Samsung founder Lee Byung-chul and the only grandson of Minister Hong Jin-ki. Lee Jae-yong was born in Seoul in 1968. After graduating from Seoul National University in 1986, he received a master's degree in business administration from Harvard University in the United States. I joined Samsung in 1991 and worked in the planning office, semiconductor general manager, and management support office. He was promoted to vice chairman of Samsung Electronics in 2008 and has been chairman since 2014. Lee Jae-yong led Samsung Electronics' "semiconductor supercycle" and grew Samsung Electronics into the world's largest semiconductor company. In addition, Samsung Electronics expanded its business area by releasing various new products such as 'Galaxy' smartphones and 'QLED' TVs. On February 17, 2017, Lee Jae-yong was arrested on charges of embezzlement and breach of trust and was sentenced to five years in prison. However, on January 28, 2021, the Supreme Court upheld the sentence with a two-year suspended sentence and a community service order of 180 hours for five years and released him. Lee Jae-yong is called a "young big shot" in the business world and is considered a "Warren Buffett of Korea." He is considered a key figure who will lead Samsung Electronics' future growth.

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