[이재용 부회장 ‘옥중 경영’ 나서나] Samsung enters emergency management… “Plan B’cards to overcome the crisis”

All-stop all pending issues… possible emergency presidential meetings

[오늘경제 = 최주혁 기자]

Despite the need to create many’Samsung-level’ companies in Korea, Samsung, the global No. 1 company in Korean society, faced a situation in which the Baekcheokgandu is in crisis.

During the Park Geun-hye regime, Samsung Electronics Vice Chairman Lee Jae-yong, who was handed over to the trial on the charge of “Gukjeong Nongdan Conspiracy,” was sentenced to two years and six months in prison at a remand for destruction and was imprisoned in court. This is the minimum sentence that can be legally sentenced to Vice Chairman Lee Jae-yong. Vice-Chairman Lee was imprisoned again after two years and 11 months.

As Korea’s representative conglomerate, Samsung, which has a large symbolism in some way, has re-entered the emergency management system due to the’absence of the total number’.

There are voices from inside and outside the business world that a disruption in large-scale investment is inevitable due to the absence of the total number.

For example, the current government aims to complete the chaebol reform at the level of’Samsung dismantlement’ in that there are a lot of projects that require’quick decision of the total number’, such as investing 133 trillion won in system semiconductors by 2030. There are voices of criticism about whether or not it was based on the leap of the’new future industry’.

Of course, it seems that Vice Chairman Lee will receive direct reports of major issues during imprisonment and go to’in-house management’, but as Samcheok-dongja knows, there are limitations in in-house management. The main argument is that it is inevitable.

In particular, concerns from the business community toward Samsung, which have to make decisions while struggling to make decisions, are growing as global uncertainties are soaring to the highest level than ever due to the current coronavirus infection (Corona 19).

In spite of the absence of this total number, it is argued from the labor and civil society that the possibility of change in business strategy from a short-term perspective is low, but in fact, M&A and large-scale investment of several trillion won are decided by professional managers or the board of directors. Because it is difficult to do so, the voice of’killing Samsung’ is gaining strength in this ruling.

According to Samsung and the industry on the 19th, executives of major affiliates, including Samsung Electronics, will sooner or later hold a bereavement or an emergency presidential meeting centered on electronic affiliates and seek countermeasures following the arrest of Vice Chairman Lee.

Since the possibility of “deferral of execution” was higher than that of imprisonment, in particular, the court announced earlier that the Compliance Committee could be used as a sentencing factor from the beginning of the trial and gave hope that a probation would be possible. see.

As Plan A, which is a probation of execution, returns to a decline, Samsung has to prepare Plan B. A company official said, “There is a possibility that the bosses will come together and face each other sooner or later to prepare a’Plan B’to overcome the current crisis situation.” However, as it is difficult to gather in one place due to Corona 19, even if an emergency meeting is called, it is expected to minimize the number of attendees or use methods such as video conference.

Another representative of Samsung said, “The CEOs of each company will carry out daily work without any problems, but it is difficult for professional managers to make important decisions such as investments.” Would you like to find it?”

Vice-Chairman Lee is expected to first go to’outdoor management’.

Even when he was arrested for one year from February 2017, Vice-Chairman Lee was reported to have been directly reported on important issues and was involved in some decision making.

Representatives include the dismantling of the’Future Strategy Office (U.S. Front Office)’, which served as the group’s command tower immediately after arrest, and the decision to invest 30 trillion won by 2021 at the completion ceremony of the Pyeongtaek semiconductor production line in July of that year.

Again, issues requiring immediate decision-making are expected to be reported directly to Vice Chairman Lee.

The industry expects that Vice Chairman Lee’s closest close friend, President Hyun-Ho Jeong of Samsung Electronics’ Business Support Task Force (TF) and In-Yong Lee, President of External Cooperation, will first meet with Vice Chairman Lee to discuss future measures.

However, due to the aftermath of Corona 19, Vice Chairman Lee’s general interview is suspended for at least four weeks, and it is known that visits can only be interviewed by a lawyer or by phone, such as a smartphone, and there will be many restrictions on business reporting.

A Samsung official said, “In 2017, Vice-Chairman Lee was in prison, but only routine decisions such as the acquisition of Harman, which made the decision to take over before arrest, or the expansion of factories that had already been planned for investment, were possible.” It will be difficult to make long-term decisions to secure.”

In addition to the company’s business, Vice Chairman Lee has to deal with the burden of arranging the inherited assets inherited from Chairman Lee Kun-hee and preparing enormous income tax resources while in prison.

Vice-Chairman Lee’s family is currently undergoing external appraisal on the artworks and real estate owned by Chairman Lee Kun-hee to pay the inheritance tax return, and important decisions such as the sale of some stocks are in need.

Today’s economy

Copyright © Today Economic Daily Reproduction and redistribution are prohibited.

---

---