Lee Jae-yong Accelerates On-site Management Despite COVID-19 "Now Is the Time to Challenge" (Update)

Vice Chairman Lee Jae-yong of Samsung Electronics inspecting products at the Samsung Display Asan Plant on the 19th (Photo by Samsung Electronics)

[Asia Economy Reporter Changhwan Lee] Samsung Electronics Vice Chairman Lee Jae-yong is drawing attention as he continues on-site management despite the nationwide spread of the novel coronavirus infection (COVID-19).

On the 19th, Samsung Electronics announced that Vice Chairman Lee visited the Samsung Display Asan plant to inspect the display panel production line and review business strategies.

The company explained that Vice Chairman Lee's visit to the Asan plant was to ensure thorough preparation for future businesses, the core mission of a business leader, alongside overcoming the immediate crisis amid the unprecedented uncertainty in the global economic environment caused by COVID-19.

The visit was attended by Kim Ki-nam, Vice Chairman and Head of Samsung Electronics' DS (Device Solutions) Division, Lee Dong-hoon, President of Samsung Display, Kwak Jin-oh, Head of the Display Research Institute, and Shin Jae-ho, Head of the Management Support Office.

Vice Chairman Lee said, "It will be difficult due to unexpected variables, but we must not stop even for a moment. We should be cautious yet boldly break beyond existing frameworks. Wisdom is needed to foresee the post-crisis period, and we must continue to challenge without wavering."

Samsung plans to lead the market by commercializing next-generation QD (Quantum Dot) display technology to cope with oversupply and panel price declines caused by intensified competition.

QD displays use QD (Quantum Dot) materials, ultra-fine semiconductor particles that emit light when exposed to light or current, enabling richer and more accurate color reproduction. Structurally flexible, they also allow design innovations such as foldable displays, making them next-generation display technology.

On the 3rd, Lee Jae-yong, Vice Chairman of Samsung Electronics, visited the Samsung Electronics Gumi Plant (file photo).

Vice Chairman Lee continues on-site management despite the difficult business environment caused by COVID-19.

On the 3rd, he visited the Samsung Electronics Gumi plant, which is facing difficulties due to COVID-19. At that time, Vice Chairman Lee said, "I sincerely thank all of you who are quietly working on the front lines of production despite the difficult situation. Although this is an unprecedented crisis, your dedication gives us hope and courage."

He added, "The company, including myself, will prioritize your health and safety and make every effort. Let us all gather strength to overcome this crisis together and soon meet again, smiling brightly without masks."

This content was produced with the assistance of AI translation services.