Samsung SDS Shareholders' Meeting Followed by Criticism... Appointment of CEO Hwang Seong-woo

Samsung SDS 36th Annual General Meeting of Shareholders. Photo by Yonhap News

[Asia Economy Reporter Buaeri] Hwang Seong-woo has been appointed as the new CEO of Samsung SDS on the 17th.

Samsung SDS held its 36th regular general shareholders' meeting at its headquarters in Jamsil, Songpa-gu, Seoul, this morning, where it approved the financial statements, appointed inside directors, and approved the directors' remuneration limits, among other agenda items.

Last year, Samsung SDS recorded sales of 11.0174 trillion KRW and an operating profit of 871.6 billion KRW. The operating profit decreased by 12% compared to the previous year, showing somewhat sluggish performance.

Due to this, shareholders voiced criticism during the meeting. Some shareholders protested, requesting more detailed explanations and guidance regarding the business report.

In response, the new CEO Hwang stated, "I will work hard to ensure that the next shareholders' meeting proceeds in a positive atmosphere."

Samsung SDS plans to focus on expanding its digital transformation business, including cloud and other new digital technologies, this year as well.

Meanwhile, Samsung SDS introduced online broadcasting and electronic voting systems for the first time this year.

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