Samsung Electronics to Celebrate 52nd Anniversary Tomorrow with Executive Ceremony in Suwon

Vice Chairman Lee Jae-yong Likely to Have No Separate Message

Kim Ki-nam, Vice Chairman and CEO of Samsung Electronics, is speaking at the 52nd Samsung Electronics Annual General Meeting held in March at the Suwon Convention Center in Suwon, Gyeonggi Province. Photo by Kim Hyun-min, Suwon kimhyun81@

[Asia Economy Reporter Kim Heung-soon] Samsung Electronics will celebrate its 52nd anniversary on the 1st of next month. The company plans to hold a commemorative event centered around key executives, including the president group.

According to Samsung Electronics on the 31st, the company will hold a founding anniversary ceremony on the 1st of next month at Samsung Digital City in Suwon, Gyeonggi Province, to mark its 52nd anniversary. Considering the COVID-19 quarantine situation, the event will be attended by a minimal number of people, mainly executives such as Vice Chairman and CEO Kim Ki-nam, head of the Device Solutions (DS) division, President and CEO Kim Hyun-suk, head of the Consumer Electronics (CE) division, and President and CEO Ko Dong-jin, head of the IT & Mobile (IM) division, along with the president group.

Vice Chairman Lee Jae-yong of Samsung Electronics is not expected to attend the anniversary event or issue a separate message. Previously, at the 50th anniversary of Samsung Electronics in 2019, Vice Chairman Lee delivered a video message saying, "Let's freely dream and imagine for the next 50 years." Aside from that, he has neither attended the ceremony nor made any related remarks.

A Samsung official explained, "Considering the symbolism of the 50th anniversary, (Vice Chairman Lee) issued a message. Other than that, the anniversary events have typically been conducted mainly with employees." Accordingly, this year's event is also expected to have Vice Chairman Kim deliver the anniversary speech and issue a message to employees, similar to last year.

Samsung Electronics began its history on January 13, 1969, as 'Samsung Electronics Industry Co., Ltd.' After merging with Samsung Semiconductor & Telecommunications in November 1988, the founding anniversary was changed to November 1 and has been commemorated annually on that date.

Additionally, Samsung Group originally based its founding date on March 1, 1938, when the late Chairman Lee Byung-chul, the founder, started his business in Daegu and established Samsung Sanghoe (now Samsung C&T). However, on March 22, 1988, when the late Chairman Lee Kun-hee marked the 50th anniversary and declared a 'second founding,' the anniversary date was changed to this day.

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