The owner of Samsung is a man who has a lot of experience in the field of electronics. His name is Lee Kun-hee. He is the chairman of the company as well as the IoT leader. Besides, he is also the CEO of the company.
Chairman Lee Kun-hee
Lee Kun-hee is the third son of Samsung Group founder Lee Byung-chul. He became the chairman of the company after his father passed away in 1987. In 2008, he was found guilty of embezzlement and tax evasion.
Lee Kun-hee started his career with a small trading firm in Korea. His passion for animals and love of dogs led him to establish a rescue centre. As a result, he wished to educate the public about the advantages of dogs.
The company is active in many industries. Its flagship products include memory chips, smartphones and TVs. Samsung also manufactures machinery and chemicals. But despite these achievements, the group is under scrutiny for murky political and financial ties.
Lee Kun-hee died in May 2014 at the age of 78. He was hospitalized for respiratory and heart problems. Until recently, he was able to breathe on his own. However, he collapsed from a heart attack in 2014. After being admitted to the hospital, he was placed in a coma. Despite his medical condition, he was expected to live for years.
Lee Kun-hee was one of the early entrepreneurs in the South Korean finance sector. His grandfather, a wealthy landowner, founded a modest trading firm 80 years ago.
In the early 21st century, Samsung was one of the biggest conglomerates in the world. It was a major global player in semiconductors and LCD displays. When Lee took over as chairman, he changed the company’s strategy and transformed it into a leading innovator.
Lee Kun-hee’s management style dubbed the company “new management”. Instead of focusing on quantity, he called on its employees to focus on quality. That was the company’s first step towards global competition. During the Asian financial crisis of the late 1990s, Lee ordered radical reforms.
The chaebols (the top business families in South Korea) have driven the transformation of the country. But they have also been criticized for stifling competition. They have been accused of using slush funds to bribe officials.
Lee’s legacy is worth billions of dollars. His share of Samsung Electronics is worth more than 4%. He owns more than 20% of its life insurance business.
CEO Jay Y. Lee
Samsung Electronics Co. SSNHZ 0.00% is the crown jewel of the Korean conglomerate. The firm is facing a sharp downturn in worldwide tech demand. This comes as a result of the gloomy economic outlook and rising interest rates. It has been reported that the company’s profit dropped by a staggering 31% in the third quarter.
Lee is the heir apparent to the Samsung Group. His father Kun-hee was the group’s chairman and founder. He died in October 2020. Lee will take over the helm of the firm. Among his key responsibilities are overseeing the foundry business and semiconductors.
Since 2014, Lee has held a number of positions in the company. Previously, he served as vice chairman of the company. In that capacity, he oversaw Samsung’s mainstay semiconductor business, along with its mobile division.
After the death of Lee’s father, Lee took over the helm of the firm. However, he faces an ongoing investigation over alleged stock-price manipulation.
Last year, prosecutors accused Lee of bribing Choi Soon-sil, a confidante of President Park Geun-hye, to secure the position. Lee has since apologized publicly.
Lee was released from prison in August 2018. He has served more than two and a half years of a five-year sentence. But he is still being sued over allegations of fraud and stock-price manipulation.
The special prosecutor’s office said it would continue its investigation. The office has not decided whether it will request another arrest warrant for Lee. Other key figures in the case are already being held at the Seoul Detention Center.
Until his release, Lee has avoided the spotlight. But the public’s support for him has helped him clear his name. As a result, he has been allowed to resume his work at the company.
Lee’s return is seen as a stabilizing force in the Korean economy. It also has potential to help Samsung’s shares. Investors have been unconvinced that the alleged bribery case against Lee has been resolved. They are worried that it will lead to less transparency in decisions.
In the meantime, analysts expect the tech giant to make a big acquisition. Several people in the company have been charged with bribery or fraud, including Vice Chairman Choi Gee-sung.
IoT leader
Samsung is an IoT leader with a portfolio of products that are being used by millions of consumers worldwide. From smart refrigerators and appliances to connected cameras, the company is helping to shape the future of IoT. In fact, Samsung plans to unveil several new IoT devices at CES this year.
One of the biggest challenges in the IoT market is security. Samsung is responding to this with the introduction of Artik, a platform that enables IoT data economy, orchestration, device onboarding, device-level protection, and cloud services. The platform will also allow developers to create secure IoT products.
As a leader in the Internet of Things, Samsung is taking the opportunity to highlight its breakthrough technologies and commitment to innovation. Through open innovation, the company is creating a unified ecosystem that can personalize the experience for consumers.
The company’s SmartThings platform is the leading technology for connected living. Using a wide variety of products, users can control their appliances from anywhere. The open platform is also backed by a new IoT standard, giving developers endless possibilities.
At CES, Samsung also announced its plans to advance adoption of IoT through an open platform. This will allow for the seamless integration of the IoT experience across a number of appliances and platforms. By uniting applications in spring 2018, the company will be able to provide a single hub for consumers.
The company also announced the launch of its SmartThings Cloud and its partnership with Google. The new service will provide one cloud API for all SmartThings-enabled products. It will also enable interoperability for businesses developing commercial IoT solutions.
Additionally, Samsung demonstrated Project Ambience, a tiny dongle that can be used to interface with a range of objects. The project combines IoT and intelligence to create a new generation of user experiences.
Combined with the company’s ARTIK chip, these two technologies form the core of Samsung’s IoT strategy. Together, they are a critical component to the future of connected devices.
Among the many new innovations, Samsung also launched the Galaxy S8 with augmented reality (AR) capabilities. In addition, the company is collaborating with wireless carriers and broadband providers to provide a seamless IoT experience for consumers.
Development center
Samsung Research is a research and development center that is dedicated to researching, developing and securing advanced technologies for future Samsung products. It also supports the establishment of new growth engines for Samsung Electronics and its products. The company has over 20,000 researchers worldwide who are employed in 17 different R&D centers.
Samsung Research aims to become one of the world’s leading research and development institutes. Its main focus is to strengthen the global technological leadership position of Samsung Electronics. It also contributes to the development of new markets, the creation of new value, and the standardization of technologies.
Samsung Research is the largest R&D facility in Southeast Asia. Its headquarters are in Seoul. Founded by Lee Byung-chul in 1938, Samsung has been a leader in the electronics industry and now focuses on future-oriented advanced technology.
Samsung’s Research and Development Center of Vietnam is located in Hanoi. It is a complex that has a floor area of 79,511 sqm. It is scheduled to be completed by the end of 2022.
Samsung is an innovative company that manufactures a wide variety of items from TVs to refrigerators. It also manufactures semiconductors and mobile phones. In addition to developing future-oriented advanced technologies, the center is able to secure patents for future products.
Samsung’s R&D facility in Mountain View, California will be expanded. In the new building, Samsung will be joined by VMWare, Maxim Integrated, and Innography. Aside from its research and development work, the center will also be used as a chip design center.
This new center will conduct research in fields such as artificial intelligence, hardware, and software. Samsung plans to hire around 3,000 people to work in the facility.
Upon completion, the Samsung Research and Development Center of Vietnam will be the largest R&D facility in the Southeast Asian region. In addition to the research, the center will be a training facility for engineers and other specialists. Among other facilities, the center will feature a gym, a clubhouse, and an internal canteen.
The new development center is expected to cost around $220 million. This will be the first building to be built by Samsung Electronics outside of Korea.