Jae-yong Lee's Aggressive On-site Management in the New Year... 'Reviewing Semiconductor and 5G Business Strategies'

Samsung Electronics Vice Chairman Lee Jae-yong inspected the construction site of the Pyeongtaek plant on the 4th.
[Photo by Samsung Electronics]

[Asia Economy Reporter Ki-min Lee] Samsung Electronics Vice Chairman Lee Jae-yong has been conducting on-site management continuously since the beginning of the new year. On January 4, the first working day of the year, he visited the foundry (semiconductor contract manufacturing) plant in Pyeongtaek, Gyeonggi Province, and on the 5th, he inspected the 5G mobile communication and other network businesses at the Suwon plant in Gyeonggi Province. Vice Chairman Lee is expected to visit domestic business sites one after another from the beginning of the year to inspect the sites and discuss future strategies.

According to related industry sources on the 6th, Vice Chairman Lee visited Samsung Electronics’ Suwon plant R5 the day before to inspect the 5G network business and also held discussions on next-generation networks such as 6G mobile communication. President Ko Dong-jin, head of the IT & Mobile (IM) division, and President Jeon Kyung-hoon of the Network Business Division accompanied him on site that day.

Vice Chairman Lee’s visit to the 5G business site following the foundry plant is interpreted as a move to re-examine the 5G business strategy, which is expected to grow rapidly worldwide this year. Previously, on January 3 last year, he also confirmed the 5G network communication equipment production line at the Suwon plant as his first on-site management of the new year and communicated with employees while dining at the company cafeteria.

On January 4, as his first on-site management of the new year, Vice Chairman Lee visited the Pyeongtaek plant, attended the semiconductor foundry production equipment installation ceremony, and then reviewed mid- to long-term strategies with the semiconductor division’s presidents. At this meeting, he also met with representatives of partner companies to discuss ways to foster the domestic semiconductor ecosystem and enhance mutual cooperation. Vice Chairman Lee emphasized, "Let’s leap forward as a new Samsung in the new year 2021. Together, we can open the future wide. Samsung Electronics, partner companies, academia, and research institutes should cooperate to create a healthy ecosystem and make a legend in system semiconductors."

Vice Chairman Lee’s on-site management activities are expected to continue throughout this month. He is scheduled to visit another domestic business site in the afternoon of the same day. This week and next week, he plans to continue on-site management by inspecting home appliance and semiconductor production sites in Gwangju and Hwaseong, as well as artificial intelligence (AI) and automotive electronics businesses.

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