[Chairman Lee Jae-yong Inauguration] "Let's go beyond today's Samsung and become a top global company... I will stand at the forefront"

Lee Jae-yong Expresses Thoughts and Determination via Internal Bulletin
"Must Act Boldly and Adventurously"... Emphasizes Importance of Talent and Technology

Lee Jae-yong, Vice Chairman of Samsung Electronics, who has been indicted on charges of violating the Capital Markets Act, is attending a trial held on the 14th at the Seoul Central District Court in Seocho-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Han Yeju] Lee Jae-yong, who was promoted to chairman of Samsung Electronics after 10 years, stated on the 27th, "Let's surely create together a true top-tier company beyond today's Samsung, a company loved by the people and the world," adding, "I will stand at the forefront."

On this day, Chairman Lee carried out his scheduled activities without any separate events or an inaugural speech. Instead, he posted on the company bulletin board the reflections and determination he expressed at the executives' meeting on the 25th, the second anniversary of his late father, Chairman Lee Kun-hee, substituting it for an inaugural address.[Chairman Lee Jae-yong's Inauguration] The Curtain Rises on JY's 'New Samsung'

In a piece titled "Challenge for the Future," Chairman Lee said, "Looking back on Chairman (Lee Kun-hee)'s intense life, I feel a truly heavy responsibility," adding, "It is my mission to inherit and develop the achievements and legacy of the previous generation." He further stated, "Unfortunately, in recent years, we have not moved forward. We have not led new fields, and in existing markets, we face fierce challenges from pursuers."

Chairman Lee emphasized, "Depending on how we respond, a crisis can become an opportunity," and said, "The more difficult and challenging the times, the more we must prepare in advance and develop our capabilities. Now is the time to be bolder and more daring."

He first expressed his intention to actively invest in talent and technology. Chairman Lee mentioned, "We must recruit and nurture talent capable of changing the world regardless of gender or nationality," and added, "We must invest in technologies that do not yet exist. Our survival depends on future technologies. The best technologies are created by excellent talents."

He also stressed the need for an organizational culture where talents can freely thrive. Chairman Lee said, "We must create a creative organization full of challenge and passion," and added, "While fiercely pursuing our goals, we must be flexible to changing circumstances, respect our values and order, and foster an open culture that recognizes diversity."

He also emphasized "Samsung with society." He said, "We must share and grow together with customers, shareholders, partner companies, and local communities. Furthermore, we must contribute to solving humanity's challenges," concluding, "A company that turns dreams and imagination into reality, a company that constantly opens new worlds, a company that enriches human society with unprecedented technologies?this is the unified vision of you and me, the Samsung of the future."

Currently, Chairman Lee's inaugural company notice has surpassed 50,000 views.

Below is the full text of Chairman Lee's inaugural address.

Challenge for the Future

It has already been two years since the chairman left our side. Many people have commemorated and mourned him. I am deeply grateful.

Looking back on the chairman's intense life, I feel a truly heavy responsibility. It is my mission to inherit and develop the achievements and legacy of the previous generation.

Unfortunately, in recent years, we have not moved forward. We have not led new fields, and in existing markets, we face fierce challenges from pursuers.

The only reason we have not fallen behind in the competition is thanks to the executives here and the employees worldwide who have devoted themselves wholeheartedly.

Recently, I have reviewed global markets and domestic and overseas workplaces. The situation is urgent. The reality before us is severe, and the market is harsh.

Looking back, there has never been a time without crisis. Depending on how we respond, it can become an opportunity.

The more difficult and challenging the times, the more we must prepare in advance and develop our capabilities.

Now is the time to be bolder and more daring.

Since its founding, the most valued assets have been talent and technology.

We must recruit and nurture talent capable of changing the world regardless of gender or nationality.

We must invest in technologies that do not yet exist.

Our survival depends on future technologies. The best technologies are created by excellent talents.

Recently, I visited workplaces and met many young employees. They expect new changes in their work environment.

We need an organizational culture where talents can freely thrive.

We must create a creative organization full of challenge and passion.

While fiercely pursuing our goals, we must be flexible to changing circumstances, respect our values and order, and foster an open culture that recognizes diversity.

Our Samsung must be with society.

We must share and grow together with customers, shareholders, partner companies, and local communities. Furthermore, we must contribute to solving humanity's challenges.

A company that turns dreams and imagination into reality, a company that constantly opens new worlds, a company that enriches human society with unprecedented technologies?this is the unified vision of you and me, the Samsung of the future.

Let's create together a true top-tier company beyond today's Samsung, a company loved by the people and the world!

I will stand at the forefront.

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