Double the level of 400 people last year Previous performance Samsung Electronics, at the same time expectation and concern Vice Chairman Lee Jae-yong has been mentioned about the restriction of employment.
Samsung Electronics shareholders line up to enter the general shareholders’ meeting at the Suwon Convention Center, Yeongtong-gu, Suwon-si, Gyeonggi-do, where the 52nd regular shareholders’ meeting of Samsung Electronics was held on the 17th. / Reporter Park Jin-woo
At 8:30 am on the 17th, in front of the Suwon Convention Center in Yeongtong-gu, Suwon, a procession of’Donghak ants’, which refers to individual investors in domestic stocks, followed. They visited here to attend the 52nd general shareholders’ meeting of Samsung Electronics held at 9 am on the same day. As of the end of last year, Samsung Electronics’ shareholders reached 2.95 million, the largest in Korea.
Concerned about the spread of the new coronavirus infection (Corona 19), Samsung Electronics took various steps to prevent quarantine. / Reporter Park Jin-woo
The 51st shareholders’ meeting held at the same place last year was relatively busy due to the aftermath of the novel coronavirus infection (Corona 19). In 2019, the previous year, 1,000 people flocked to the shareholders’ meeting, but last year, only about 400 people, less than half, visited the shareholders’ general.
The contents of the shareholders’ meeting material envelope. Business reports, a booklet containing the contents of the shareholders’ agenda, masks, and personal hand sanitizer were provided. / Reporter Park Jin-woo
This year, as reflecting the increased interest in the stock market, the number of shareholders who visited the shareholders increased significantly from last year. As of 9 o’clock, it exceeded 475 and 750 at 10 o’clock. A company official said, “As interest in the stock market grows, the number of shareholders who have invested in Samsung Electronics has increased, and the number of shareholders who visited the shareholders seems to have increased proportionately.” The final attendance number was estimated at 900.
Samsung Electronics, which predicted that there would be many shareholders to visit the shareholders on this day, significantly increased the number of shareholders list confirmation desks from 17 last year to 48. The staff for the event was also more than doubled.
On the 17th, about 900 shareholders attended the 52nd regular shareholders’ meeting of Samsung Electronics. This is more than double the number of 400 people last year. /Provided by Samsung Electronics
On this day, the shareholders’ meeting was also broadcast live online. This is a measure to block the spread of Corona 19 infection. Samsung Electronics received an online live broadcast application in advance and provided a separate broadcast address (URL) to shareholders. However, it was not announced how many people watched the online broadcast that day. A company official said it was “secret.”
In order to enter the main president, located in the large halls on the 1st and 3rd floors of the Suwon Convention Center, it was necessary to go through the 2~3 quarantine process. It was necessary to leave a history of entering the event hall with a QR code, etc., and hand disinfection, wearing a mask, and fever check were followed. So far, it was not very different from the position of various facilities. Yellow envelopes were delivered to shareholders who had even confirmed the shareholders’ list, which contained Samsung Electronics’ business reports. There were also personal hand sanitizers and masks to block infections.
Ballot paper for the agenda of Samsung Electronics’ general shareholders’ meeting. The shareholders’ meeting was held by electronic voting, so the agenda was not displayed on the paper. / Reporter Park Jin-woo
The snack set of Artisé, a confectionery and bakery brand that has attracted a lot of attention from shareholders at Samsung Electronics’ shareholders’ meeting, was not provided on this day. This is because eating indoors was prohibited in accordance with the guidelines of the quarantine authorities. Mr. Kim Mo (male 45), who visited the shareholders on this day, responded, saying, “I remember eating deliciously (snack) every time, but this time I am sorry I didn’t have it.” Instead, Samsung Electronics paid 20,000 won of Artisé gift cards to shareholders. The gift card is said to have been specially designed for the shareholders’ day. The surface of the card is decorated in a blue color that symbolizes Samsung.
The inside of the state president has been widened between seats in order to keep distance. In addition, a designated seat system was implemented to check visit history. The shareholders can exercise voting rights through electronic voting as well as by the shareholders. The electronic voting on the agenda of the shareholders’ meeting of Samsung Electronics was held until 5 pm on the 16th, the day before the shareholders’ meeting.
Kim Ki-nam, Vice Chairman and CEO of Samsung Electronics, is giving a greeting at the 52nd regular shareholders’ meeting on the 17th. /Provided by Samsung Electronics
As the demand for semiconductors and home appliances increased significantly due to non-face-to-face expansion following the Corona 19 last year, Samsung Electronics achieved record-breaking performance. Shareholders who attended the shareholders’ meeting expressed expectations for their earnings, but expressed concern that the global economic situation was still uncertain. In this regard, questions arose about Samsung Electronics’ strategy and plans.
Mr. Seo, the shareholder who got the right to speak, recently asked about the competitiveness of the semiconductor foundry (consignment production) field, “when do you think you will be able to surpass the No. 1 company in the industry?” Kim Ki-nam, Vice Chairman of Samsung Electronics (Semiconductor Division Head), said, “Samsung Electronics is well equipped with the microprocessing competitiveness, the biggest topic in the foundry industry, although it is late to enter the foundry business.” We will increase our competitiveness and surpass the No. 1 company in the industry.”
Samsung Electronics, which expected more shareholders to attend, has more than doubled its shareholder confirmation booths compared to the previous year. / Reporter Park Jin-woo
Another shareholder asked whether Samsung Electronics’ rival LG Electronics is making OLED TVs. Kim Hyun-seok, CEO of CE (Consumer Electronics) Division, said, “I think the OLED of our competitors is a very good technology, but Samsung Electronics is also developing a technology that is comparable to that.” It is expected that the price will be lowered enough that even ordinary consumers can buy it.”
Ko Dong-jin, the CEO of Samsung Electronics’ IM division, is explaining the performance of the IM division to shareholders last year. /Provided by Samsung Electronics
One shareholder expressed concern that Samsung Electronics’ share of the smartphone market continues to shrink. “This is a very regrettable question,” said Ko Dong-jin, CEO of IM division. “Samsung Electronics is the world’s best in technology, but there seems to be a lack of brand envy (compared to competitors such as Apple).” “Samsung Electronics is making the most hardware such as TVs, home appliances, and smartphones in the world, and is taking a strategy of’Smart Things’ to unite them,” said Ko. “IoT (Internet of Things) represented by Smart Things. If the system is equipped, it will lead to’It is very convenient to use Samsung products’, and it is expected that the brand envy can be enhanced.”
In addition, the shareholders asked if there was any damage to Samsung Electronics due to the shortage of core parts such as semiconductors that have recently faced the overall manufacturing industry. President Ko said, “The imbalance between supply and demand for core parts related to semiconductors is a very serious situation, so each business manager travels abroad and meets suppliers in difficult conditions, and employees are discussing related issues every morning.” “2 It seems that the problem will continue until the quarter, but we will make sure that there is no business disruption as everyone strives.”
There was also a somewhat uncomfortable rally for Samsung Electronics in front of the shareholders on that day. Along with the issue of employment restrictions for Vice Chairman Lee Jae-yong, who is currently in prison, there was a press conference with officials from the Economic and Financial Center of the Solidarity for Economic Reform and Participation. They urged the board of directors of Samsung Electronics to clarify and respond to the restrictions on the employment of Vice Chairman Lee.
There were also shareholder comments on this. One shareholder, “According to Article 14 of the Specific Economic Crimes Act (Special Privileges Act), if a person commits a crime such as embezzlement or dismissal of more than 500 million won, the execution of the imprisonment is terminated, or from the date when it is decided not to be executed, the relevant companies are restricted from employment for five years. “Why doesn’t the board of directors decide to dismiss Lee?”
In response, Kim Ki-nam, Vice Chairman of Samsung Electronics, said, “Samsung Electronics will consider the role of Vice Chairman Lee, such as global network and future business decisions, and comprehensively review the company situation and legal regulations.”
All the agendas submitted to the shareholders’ meeting on this day were passed. The shareholders’ meeting started at 9 am and ended at 12:20 pm.
![[르포] Samsung Electronics’ shareholders’ meeting with 2.95 million’Donghak ants’ investment… 900 people gathered in Corona](https://image.chosun.com/sitedata/image/202103/17/2021031701751_0.jpg "[르포] Samsung Electronics’ shareholders’ meeting with 2.95 million’Donghak ants’ investment… 900 people gathered in Corona")
