Samsung Electronics President Kodongjin: "Supply Imbalance of Semiconductor-Related Components Is Very Serious"

President Kodongjin, Samsung Electronics

[Suwon=Asia Economy Reporters Woo Su-yeon, Jeong Hyun-jin] Ko Dong-jin, President of Samsung Electronics' IT & Mobile (IM) division, recently assessed that the semiconductor supply shortage has caused a serious imbalance in the supply and demand of related components.

On the 17th, at the 52nd Annual General Meeting of Shareholders held at the Suwon Convention Center in Gyeonggi Province, President Ko responded to questions regarding the semiconductor supply shortage faced by smartphone manufacturers, explaining, "Despite the difficult situation, division heads are traveling to meet with partners and are all working hard to resolve the issues."

President Ko stated, "Every morning, employees are rushing to address the parts supply problems and making efforts to resolve them," adding, "It is difficult to say the issue has been 100% resolved, and the second quarter is somewhat problematic, but as everyone is making efforts, we will report the results to ensure there is no significant disruption to management."

At the shareholders' meeting, individual shareholders, institutional investors, Vice Chairman Kim Ki-nam, President Kim Hyun-suk, and President Ko Dong-jin attended. Samsung Electronics presented the following agenda items: approval of financial statements, appointment of internal and external directors, appointment of external directors as audit committee members, and approval of the director remuneration limit.

For shareholder convenience, Samsung Electronics broadcast the shareholders' meeting online for the first time this year and introduced an electronic voting system again this year following last year.

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