The chief of global tech titan Samsung Electronics has remained Korea s richest stockholder as the value of shares held by the country s wealthiest 100 swelled nearly 20 percent over the past year, a corporate tracker said Wednesday.
Major local conglomerates had differing opinions on Samsung Electronics plan to implement a shorter workweek, according to market watchers, Tuesday. The local IT titan with 120,000 regular workers said it will implement a four-day workweek once a month starting June 23. Employees will be able to take every fourth Friday off, coinciding with the issuance of their monthly paycheck.
Samsung Electronics brushed off a media report claiming that the company was wary of Chairman Lee Jae-yong s apparent reluctance to promote executives older than himself during the first annual executive reshuffle since his ascent. The tech giant said Thursday that the ages of its executives were irrelevant to their promotions earlier this week, denying a news report that the proportion of older executives among newly-appointed vice presidents fell sharply this year.
Samsung Electronics Chairman Lee Jae-yong is expected to travel to Vietnam to strengthen global management and seek new business investment opportunities there, according to industry officials, Sunday. Plans for Lee s visit to Samsung Electronics Vietnam R&D center at the end of this year is being discussed. Since March 2020, Samsung Electronics has invested $220 million to build the R&D center in Hanoi, and aims to complete construction by the end of this year.
Samsung Electronics Vice Chairman Lee Jae-yong is expected to make an appearance at the closing ceremony of the WorldSkills Competition Special Edition to be held at Kintex in Goyang, Gyeonggi Province, Monday. The WorldSkills Competition is a world championship of vocational skills held every two years. Last year s Shanghai event was postponed for a year due to COVID-19 and eventually canceled.