Oh-Hyun Kwon, Samsung Electronics Executive Advisor, "Strong Leadership Is Most Important in Difficult Times"

64MB DRAM Prototype World's First Development Commemoration Internal Broadcast
"Chairman's Responsibility and Spirit of Challenge, Employees' Dedicated Efforts"

Kwon Oh-hyun, Chairman and CEO of Samsung Electronics, is seated at the Samsung Electronics Seocho Building 5th floor multipurpose hall in Seocho-gu, Seoul, attending the Samsung Electronics shareholders' meeting held on the 23rd.

At the shareholders' meeting, reports on last year's business performance, appointment of internal and external directors, approval of director remuneration limits, and stock split are scheduled to be resolved. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Dongwoo Lee] Kwon Oh-hyun, Honorary Chairman of Samsung Electronics, said on the 28th, "The most important thing during difficult times is strong leadership."

Honorary Chairman Kwon made this remark during an internal broadcast commemorating the day Samsung Electronics produced the world's first 64-megabit DRAM prototype on August 1, 1992. He said, "1992 was a meaningful year when Samsung became number one both qualitatively and quantitatively in the memory semiconductor field."

Kwon, who was the head of the DRAM development team at the time, recalled the success of the development, explaining, "The driving force and competitiveness that maintained the 'technology super-gap' were the responsibility and challenging spirit of the group leaders such as former Chairman Lee Byung-chul and Chairman Lee Kun-hee, as well as the dedicated efforts of the employees."

He emphasized the importance of the system semiconductor sector for the future development of Samsung's semiconductor business and repeatedly highlighted the role of Vice Chairman Lee Jae-yong's recently announced 'Semiconductor Vision 2030.'

Honorary Chairman Kwon said, "In the past, Samsung's ability to surpass Japanese semiconductor companies also stemmed from a competitive advantage based on Korea's unique corporate culture of 'group leader management.'"

He explained that while Japanese semiconductor companies, which pursued a 100% professional management system, were unable to make bold investments during industry downturns, Samsung was able to make decisive decisions even in difficult situations.

Kwon mentioned the unprecedented crisis caused by the recent COVID-19 pandemic, stating, "As in the past, the most important thing during difficult times is strong leadership," and added, "The CEO sets the overall direction and makes important decisions."

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