Written by 5:42 PM Economics

Lee Jae-yong Free from Legal Risks… Will He Navigate ‘Samsung’s Winter’?

“Hope to focus on core duties following the verdict”
Samsung relieved by ‘Lee Jae-yong’s acquittal’… Many challenges remain
Arrested for corruption scandal… Attended over 100 trials
, ‘[Anchor]’,
, ‘With Samsung Electronics Chairman Lee Jae-yong acquitted in the appeal trial for the unfair succession allegations, he has largely escaped legal risks.’,
,
, ‘Leadership is also expected to strengthen.’,
,
, ‘We connect to a YTN reporter in front of the Samsung headquarters.’,
,
, ‘Reporter Park Gi-wan!’,
,
, ‘[Reporter]’,
, ‘Yes, this is Samsung’s Seocho headquarters.’,
,
, ‘[Anchor]’,
, ‘Most importantly, I’m curious about the employees’ reactions. What is the atmosphere like on site?’,
,
, ‘[Reporter]’,
, ‘Yes, as you’ve already heard, Samsung Electronics has not released an official reaction but has spoken through their legal team.’,
,
, ‘Employees at the Samsung Seocho headquarters, who were visibly tense, seem relieved after the acquittal verdict.’,
,
, “I also saw employees who were passing by saying ‘at least that’s a relief’ to each other.”,
,
, ‘They’ve avoided a major blow to Chairman Lee Jae-yong’s leadership, but they still face numerous challenges.’,
,
, ‘Chairman Lee has already been arrested twice for the corruption scandal, spending over a total of 1 year and 6 months in jail.’,
,
, ‘Even afterward, he was indicted on charges of unfair succession and attended over 100 trials, disrupting management activities.’,
,
, ‘Additionally, the Future Strategy Office, which played a control tower role after the corruption allegations, has been abolished.’,
,
, ‘There are analyses that these leadership gaps have led to the recent crisis at Samsung.’,
,
, ‘This is also why there’s a growing call from inside and outside Samsung for his return as a registered director to ensure accountable management.’,
,
, ‘Although the acquittal hasn’t been finalized yet, the appeal court’s decision is indeed happy news for Samsung as a whole.’,
,
, ‘However, Chairman Lee Jae-yong still faces many challenges.’,
,
, ‘Amidst criticisms of losing dominance in the memory semiconductor sector, last year’s performance also fell short of market expectations.’,
,
, ‘Furthermore, the impact of deep-sea shock and China’s pursuit in the generic memory semiconductor market pose further threats.’,
,
, ‘As a result, Samsung Electronics’ stock, dubbed the national stock, which recovered to the 80,000 won range last summer, has plummeted and is maintaining at around the 50,000 won range.’,
,
, ‘For supplying high-bandwidth memory, HBM, they also need to pass NVIDIA’s quality tests.’,
,
, ‘Moreover, they need to find new business opportunities beyond smartphones, for which demand is gradually decreasing, and secure competitiveness in the AI market.’,
,
, ‘With the appeal trial acquittal, Chairman Lee Jae-yong is a step further from the stigma of accounting fraud and unfair succession. It remains to be seen if he can exercise leadership to usher in a new era for Samsung.’,
,
, ‘This has been Park Gi-wan from Samsung’s Seocho headquarters for YTN.’,
,
, “※ ‘Your tip becomes news'”,
, ‘[KakaoTalk] Search YTN and add the channel’,
, ‘[Phone] 02-398-8585’,
, ‘[Email] [email protected]\n’]

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