Breaking News

Asia Today ISSN 1861-4604 Tuesday, May 22, 2018

Headline

Samsung Electronics names Kwon oh Hyun as new boss

Share on Facebook June 8, 2012, Reporter : BBC, Reader : 495

news

 

Samsung Electronics, one of the world's largest electronics makers, has named a new chief executive officer.

Kwon Oh-hyun was head of the firm's component business and is credited with turning it around.

Choi Gee-sung, the current chief executive, will become head of corporate strategy at the parent company Samsung Group.

Under Mr Choi, Samsung rose to become the world's top maker of smartphones and televisions.

Research suggests Samsung overtook Nokia to become the biggest maker of mobile phones in the first three months of the year, shipping 93 million phones compared to almost 83 million by Nokia.

Samsung is set to release its latest smartphone Galaxy S3 in the US in June, after it was launched in the UK in May.

While the management shake-up came as a surprise, Samsung said it would not have a major impact on the company's daily operations.

"As before, vice-chairman Kwon will oversee the company's component business but, as chief executive, he will also handle corporate-wide affairs," Samsung said in a statement.

Analysts said Samsung's chairman, Lee Kun-hee, will maintain overall control of the company's longer-term direction.

Separately on Thursday, Samsung said it would invest $1.9bn (£1.2bn) to build a chip plant as a way to meet the increasing demand for processors for mobile devices.

More Euro Asia news of the month

Photos Mysterious North Korean spy to lead its Olympics delegation

SEOUL, South Korea - In what many in South Korea are calling another sign that the North is making attempts to improve ties with the...

Photos Curious Olympics visitors crowding South Korea's Penis Park

PYEONGCHANG, South Korea - Thanks to the Winter Olympics, the South Korean ‘Penis Park’ has become an unlikely tourist...

Photos South Korea: U.S. willing to hold talks with North Korea

SEOUL, South Korea - Following the first rounds of talks being initiated between the two Koreas - the South Korean President Moon Jae In...

Photos Winter Olympics cyberattack: Internal systems crash

PYEONGCHANG, South Korea - The internal systems at the Winter Olympics are said to have been hit by a cyberattack on Friday. On...

Photos Olive branch? Kim Jong Un invites Moon Jae In to North Korea

SEOUL, South Korea - On Saturday, South Korean President Moon Jae In’s office confirmed that he had received an invitation to...

Photos South raises North Korean flag despite laws prohibiting it

SEOUL, South Korea - Despite laws against it, the North Korean national flag was raised in the South on Thursday. Organisers of the...

Photos South Korea urges North to denuclearize in significant talks

SEOUL, South Korea - After more than two years, the first formal engagement in talks between the two Koreas, indeed was watched closely...

Photos South Korea ranked third among major economies in GDP growth

SEOUL, South Korea - In fresh statistics revealed by the Organization for Economic Cooperation and Development(OECD), South Korea is...

Photos South Korea fires warning shots at heavily militarized DMZ

SEOUL, South Korea - Complicating efforts to ease tensions over North Korea’s nuclear and missile programs, South Korean guards...

Flying Reimagined

Stock Index

Tuesday, May 22, 2018

Life Style

Photo Gallery

FEUILLETON