Samsung Kicks Off Samsung Display
Samsung today announced that it has officially launched Samsung Display, a spin-off of its LCD panel-making business. The new company will operate separately from Samsung Electronics, which will still make AMOLED displays for smartphones, tablets, and other mobile devices. Donggun Park, executive vice president and head of the former Samsung Electronics' LCD Business, was elected CEO of Samsung Display.
Samsung Electronics' CEO Resigns Unexpectedly
Kwon Oh-hyun, CEO and Vice President of Samsung Electronics Corp., today announced plans to step down from his leadership role with the company. "As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry," said Kwon in an email sent to employees.
Samsung Executive to Be Charged with Bribery
The special prosecutor's office in South Korea today said it will charge Samsung Executive Jay Y. Lee in a bribery case that has shaken the country.
Samsung Names New Executives
Samsung today made sweeping changes to its leadership. The news comes several weeks after Kwon Oh-hyun, CEO and Vice President of Samsung Electronics Corp., announced plans to step down from his leadership role with the company.
LG Shuffles Execs, Makes Huge OLED Investment
LG Electronics is restructuring its business to make it lighter on its feet and better able to respond to changes in the market. Moving forward, each of LG's core businesses will have their own, independent leaders.
Samsung to Use $3 Billion to Boost Display Production
Samsung Display, a subsidiary of Samsung electronics, plans to invest heavily in its Vietnam manufacturing facility in order to increase production. The company already spent $1 billion on its OLED plant in Vietnam earlier this year, which is less expensive to operate than some of its other plants.
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