[Chairman Lee Jae-yong Inauguration] 10 Years After Promotion to Vice Chairman... No Separate Inauguration Ceremony (Update)

Samsung Electronics Board of Directors Approves Agenda for Chairman Lee Jae-yong's Promotion on the 27th

[Asia Economy Reporter Park Sun-mi] Samsung Electronics announced on the 27th that it held a board meeting and resolved to promote Vice Chairman Lee Jae-yong to Chairman of Samsung Electronics.

The Samsung Electronics board decided this amid worsening global external conditions, judging that ▲strengthening responsible management ▲enhancing management stability ▲and swift and bold decision-making were urgently needed. The proposal for Lee Jae-yong's promotion to Chairman was initiated by Kim Han-jo, the chairman of the board and an outside director, and was resolved after board discussions.

On the day, Chairman Lee is scheduled to carry out his planned schedule without any separate events or inauguration speeches.

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