Park Jae-hyuk is a seasoned journalist who has provided comprehensive coverage of South Korea's corporate dynamics, economic policies, industry challenges and the global positioning of Korean companies. Based on the articles he has written since joining The Korea Times in 2016, his investigative approach has helped readers understand corporate governance, economic trends and business strategies shaping South Korea’s economy.
Samsung reshuffle stresses management stability, performance
Samsung Electronics Vice Chairman Kim Ki-nam
By Park Jae-hyuk
By Park Jae-hyuk
Samsung Electronics promoted only two members of its presidential group, retaining representative directors of its three business divisions, the conglomerate said Thursday.
According to the tech giant, its device solution head Kim Ki-nam was promoted to vice chairman.
Vice President Roh Tae-moon, who heads the research and development of the IT mobile communications business, was promoted to president.
Leaders in Samsung's three business divisions were allowed to maintain their posts.
They are Kim, President Koh Dong-jin in charge of IT mobile communications and President Kim Hyun-suk, head of Samsung's consumer electronics division.
The number of executives who were promoted in the latest reshuffle was the smallest ever since the conglomerate had carried out its reshuffle in late 2014.
“We will pursue the innovation in stability, by retaining the current top executives, who were promoted last year,” a Samsung Electronics official said.
Samsung Electronics President Roh Tae-moon
Due to the promotion of the new vice chairman, Samsung now has two chairmen ― Lee Kun-hee and Kwon Oh-hyun ― and four vice chairmen ― Lee Jae-yong, Yoon Boo-keun, Shin Jong-kyun and Kim Ki-nam.
According to Samsung, Kim has been known for his leadership and the contributions to the chip business.
Samsung also said Roh, one of the major contributors to the popularity of Galaxy smartphones worldwide, will engineer the company's leap forward in the mobile business.
On the same day, Samsung promoted 158 executives to vice president level or below.