Content |
1985-1992
Kwon About Hen started the career in Samsung in 1985. From the very beginning it focused on semiconductor business and in many respects thanks to its efforts the company created the first-ever chip of RAM with a capacity of 64 Mbit (in 1992).
2017: Departure from the job of the CEO of Samsung
On October 13, 2017 Samsung Electronics announced leaving Kwon About Hen from the CEO's post. Resignation was announced on the same day when the company announced record profit which was promoted in many respects by Kwon.
In March, 2018 validity period of the employment contract Kwon About Hen expires. His top manager is not going to prolong. Samsung promises to decide on his successor in short terms.
 | I thought of it long and strenuously. It was the hard solution, but I feel that I cannot postpone it any more. As we faced unprecedented crisis, I decided that the companies time to start anew, with new spirit and the young management came better to answer the calls shown by violently developing IT industry — Kwon About Hen reported. |  |
Kwon About Hen — one of three CEOs of Samsung Electronics. Duties of these heads are divided between division: Kwon is responsible for semiconductor and display business. Besides, he holds a post of the vice chairman of the board of Samsung Electronics, and the news agency Yonhap calls him de facto the head the company and all conglomerate Samsung Group after arrest of the vice president of Samsung Group Li Zhe Yeon (Jay Y. Lee).
Along with resignation Kwon About Hen Samsung announced operating profit in the amount of 14.5 trillion wons ($12.8 billion) according to the results of July-September, 2017 that it is the highest quarter rate. Revenue of the South Korean giant jumped by 30%, having reached 62 trillion wons ($54.7 billion). The main driver of growth of financial results is semiconductor business.
Kwon About Hen noted that record income is gained thanks to last investments, but it became difficult for Samsung to foresee future trends and to find new sources of growth.[1]
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |