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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung Electronics Co., Ltd.    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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Report: Lee Jae-yong likely successor to Samsung Group

10/26/2020 | 12:43pm EST

The vice chairman of South Korean tech giant Samsung Electronics is most likely to lead parent company Samsung Group following the death of chairman Lee Kun-hee.

Lee Jae-yong, 52, who also goes by Jay Y. Lee, is best positioned to lead the conglomerate following the death of his father at 78, who transformed the company into a tech powerhouse after being appointed chairman in 1987.

Lee oversees the operations of Samsung Electronics, Samsung Construction & Trading Corp., and Samsung Life Insurance, Yonhap TV reported Monday.

Lee's sisters, Lee Boo-jin and Lee Seo-hyun, are also heirs to the Samsung fortune, but each sibling owns a smaller controlling stake in Samsung subsidiaries, according to the report.

Lee Boo-jin, chief executive of the Hotel Shilla chain, owns shares in Samsung C&T and Samsung SDS, the IT arm of Samsung Group, as does Lee Seo-hyun, head of Samsung Welfare Foundation. Lee Boo-jin has no stake in Hotel Shilla, however, the report says.

South Korea's National Pension Plan, Samsung Life Insurance and Samsung Electronics own the majority of Hotel Shilla's shares.

Lee Jae-yong also owns a 17.48% stake in Samsung C&T, which could undergo restructuring. The restructuring could prompt Lee Boo-jin and Lee Seo-hyun to relinquish their shares, according to the report. Lee Jae-yong's net worth is estimated to be about $7.4 billion as of October, according to Forbes.

The South Korean conglomerate practice of transferring corporate control to family members has drawn criticism in the country, where the powerful companies sometimes ban labor unions and defy recommended practices.

In May, Lee Jae-yong apologized for Samsung's system of heirs and said his children will not succeed him.

"Samsung has not strictly complied with laws and ethics, and also has been inadequate in communicating with society," he said during a press conference.

South Korean Prime Minister Chung Sye-kyun visited the funeral parlor of the former Samsung chairman on Monday to deliver condolences to the family, MoneyToday reported.

Copyright 2020 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source International Top News

Stocks mentioned in the article
ChangeLast1st jan.
HOTEL SHILLA CO.,LTD 3.04% 88100 End-of-day quote.7.05%
SAMSUNG ELECTRONICS CO., LTD. -1.48% 86800 End-of-day quote.7.16%
SAMSUNG LIFE INSURANCE CO., LTD. -2.15% 77200 End-of-day quote.-2.40%
SAMSUNG SDS CO.,LTD. -2.18% 202000 End-of-day quote.13.17%
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Financials
Sales 2020 235 928 B 214 B 214 B
Net income 2020 26 667 B 24,2 B 24,2 B
Net cash 2020 93 685 B 85,1 B 85,1 B
P/E ratio 2020 21,5x
Yield 2020 1,98%
Capitalization 598 871 B 541 B 544 B
EV / Sales 2020 2,14x
EV / Sales 2021 1,88x
Nbr of Employees -
Free-Float 82,9%
Chart SAMSUNG ELECTRONICS CO., LTD.
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Samsung Electronics Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 97 820,51 KRW
Last Close Price 86 800,00 KRW
Spread / Highest target 45,2%
Spread / Average Target 12,7%
Spread / Lowest Target -30,9%
EPS Revisions
Managers and Directors
NameTitle
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Jae-Wan Park Chairman
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