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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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Samsung Electronics : keeps chairmanship vacant in modest reshuffle

12/01/2020 | 08:43pm EST
FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at a company's office building in Seoul

SEOUL, Dec 2 (Reuters) - Electronics giant Samsung Electronics announced a small reshuffle of senior executives on Wednesday without replacing its recently deceased chairman or changing top leadership positions including that of vice chairman Jay Y. Lee.

Heir apparent Lee, whose father and Samsung Electronics chairman Lee Kun-hee passed away in October, is currently facing two separate trials that analysts say could land him in jail for a second time.

With the trials' uncertain outcomes hanging over Lee, Samsung is seen taking its time before making big changes in leadership positions such as Lee rising to fill the vacant chairmanship, analysts said.

"Practically he has been at the helm of the company for six years, since his father was hospitalised in 2014," said Park Sang-in, a professor at Seoul National University, adding that business conditions for Samsung were good and there was little need to change leadership.

"At least one of the trials will have to end before Lee may change position or cast a new vision for the company."

Current co-CEOs Kim Ki-nam, head of device solutions, Kim Hyun-suk, head of consumer electronics, and Koh Dong-jin, head of IT & mobile communications, retain their positions, Samsung said in a statement.

Lee Jae-seung, head of digital appliance business, Lee Jung-bae, head of memory business and Choi Si-young, head of foundry business, were promoted to president.

Of the trials Jay Y. Lee is a defendant in, one concerns the 2015 merger of two Samsung affiliates that helped Lee assume greater control of Samsung Electronics. The other relates to his role in a bribery scandal that led to the impeachment of a former South Korean president, and for which he has previously been jailed for a year.

The latter trial in the Seoul High Court is expected to hold its final hearing this month. (Reporting by Joyce Lee; Editing by Lincoln Feast.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BAE SYSTEMS PLC -0.13% 479.3 Delayed Quote.-1.98%
SAMSUNG ELECTRONICS CO., LTD. -1.48% 86800 End-of-day quote.7.16%
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Financials
Sales 2020 235 928 B 214 B 214 B
Net income 2020 26 667 B 24,1 B 24,1 B
Net cash 2020 93 685 B 84,8 B 84,8 B
P/E ratio 2020 21,5x
Yield 2020 1,98%
Capitalization 582 033 B 526 B 527 B
EV / Sales 2020 2,07x
EV / Sales 2021 1,81x
Nbr of Employees -
Free-Float 82,9%
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Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
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Income Statement Evolution
Consensus
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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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