Samsung Electronics Executives Hold 'Town Hall Meeting' with Employees... Strengthening Communication with MZ Generation

[Asia Economy Reporter Su-yeon Woo] Samsung Electronics' executive team held a 'Town Hall Meeting' with MZ generation (born between the 1980s and early 2000s) employees to have a time of communication. This is interpreted as an effort by management to strengthen communication with younger employees and improve corporate culture, as recently MZ generation workers have begun to openly voice their opinions on salaries, performance bonuses, and organizational culture.

According to the business community on the 4th, on the 31st of last month, executives including Choi Yoon-ho, Chief Financial Officer (CFO) of Samsung Electronics' Management Support Office, Han Jong-hee, President of the Visual Display Business Division, Noh Tae-moon, President of the Mobile Communications Business Division, Lee Jae-seung, President of the Consumer Electronics Business Division, Jeon Kyung-hoon, President of the Network Business Division, and Kim Yong-kwan, Vice President of the Medical Equipment Business Division, held a 'Talk Together' meeting with employees at Samsung Electronics' Suwon campus.

The event was attended by executives and employee representatives and was broadcast live within the company. The executives shared future strategies for each business division and emphasized plans for organizational culture innovation. Employees had the opportunity to make suggestions through real-time questions to the executives regarding work-life balance (WLB), working methods, and on-site difficulties.

Lee Jae-seung, President of the Home Appliance Business Division (second from the right), Choi Yoon-ho, Head of Management Support Office, Han Jong-hee, President of the Visual Display Business Division, Roh Tae-moon, President of the Wireless Business Division, Jeon Kyung-hoon, President of the Network Business Division, Kim Yong-kwan, Vice President of the Medical Equipment Business Division, and other Samsung Electronics executives are attending the town hall meeting "Talk Together," held to strengthen communication with employees, answering their questions. Photo by Samsung Electronics

When an employee pointed out that Samsung Electronics is lagging behind IT companies such as Naver, Kakao, and Coupang in university students' employment preference surveys, CFO Choi responded, "It seems that the company's future vision had not been clearly shared," adding, "I hope this will be an opportunity to foster pride in the company by sharing the company's concerns and preparations for the future."

This meeting appears to have been held to resolve recent complaints from the MZ generation regarding reasonable compensation, internal work and communication methods, and to strengthen the sharing of the company's future vision. This is the first time Samsung Electronics has held an executive meeting with all employees in the set division. CFO Choi said, "We plan to frequently create opportunities for communication between executives and employees in the future," and added, "Executives will also work together so that employees can understand the company's vision and take pride in it."

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