Lee Jae-yong, vice chairman of Samsung Electronics, gave up succession, abolished the no-union management, etc.
Clear will of Shin Shin-young promised to the public in May
Samsung Electronics Vice Chairman Lee Jae-yong is heading to the court to attend the trial to continue the reconsideration of the case of’Gukjeong Nongdan’ held at the Seoul High Court in Seocho-gu on the afternoon of the 30th. [이미지출처=연합뉴스]
[아시아경제 이창환 기자, 이기민 기자] As Samsung Electronics Vice Chairman Lee Jae-yong’s decision to revoke the ruling of the Gukjeong Nongdan incident is approaching the end, the promise of’New Samsung’, which Vice Chairman Lee has revealed several times so far, is being fulfilled one after another.
Regarding Vice Chairman Lee’s final statement that he would fulfill his social role and responsibility and earn the public’s trust, it was evaluated that he gave a faithful answer to the question of the judiciary about what Lee Jae-yong-sik and Shin-Young Shin was, both inside and outside Samsung.
Vice-Chairman Lee reiterated his intention to keep the promises of the public as announced at a press conference in May through a final statement at the decision hearing on the revocation and repatriation at the Seoul High Court on the afternoon of the 30th. At the time, he pledged in front of the public to abandon the succession of the 4th generation, abolish the no-union management, and expand communication with civil society in relation to the suspicion of succession of management rights. It was once again emphasized at the trial on the day that he will be reborn as a Samsung loved by the people by showing his changing appearance.
Seoul National University’s business administration professor Lee Kyung-mook said, “Basically, the government’s shaking up asking business people for help should be eradicated.”
In fact, after Vice Chairman Lee’s promise to the public, rapid changes are being detected inside Samsung. A prime example is union permission. In May and June, Samsung held a special lecture on sound labor-management relations by Sung-Hyun Moon, Chairman of the Economic, Social and Labor Committee, a labor relations expert to the president and personnel team leaders, and aimed to improve the negative perception the management had had on the’union’. Went out.
Accordingly, Samsung has established a’labor-management advisory group’ made up of external experts under the board of directors to ensure effective labor rights, and is implementing measures such as mandatory labor-related compliance training for employees. Afterwards, it allowed union activities such as recognition of the union’s predecessor, guaranteeing hours for bargaining, and establishing an in-house union office.
The promise of expanding communication with civil society is also being fulfilled. Samsung has appointed a person in charge to serve as a window for continuous communication with civil society, and is expanding communication with civic groups in various fields, expanding the scope of understanding and cooperation.
In June, executives of major affiliates, including Samsung Electronics, met with elders of civil society to discuss ways to expand communication with civic groups and to discuss mid- to long-term development directions to become a company that meets the public’s perspective.
In the business world, Vice Chairman Lee and Samsung are reborn as new Samsung after clearing the negative aspects of the past, so they are expecting the court’s preemption. They were also concerned that the trials that have lasted for several years have increased management anxiety. This is because Samsung’s future is likely to become uncertain if the global management environment becomes more uncertain than ever.
In 2017, when Vice-Chairman Lee was imprisoned in connection with Gukjeong Nongdan, Samsung’s large-scale investments and mergers and acquisitions (M&A) were stopped. However, after the return of Vice Chairman Lee, he announced a large-scale semiconductor investment and began to cultivate new businesses in earnest, such as steadily implementing it until now.
An official in the business world said, “The existence and absence of the total number of ownership in a company has a great influence on many things, such as fostering new businesses and making large-scale investment decisions,” and said, “In the situation where Samsung in the era of Lee Jae-yong needs to pioneer a new future, If the total number is absent, the negative impact on Samsung is inevitable.”
Reporter Chang-Hwan Lee [email protected]
Reporter Ki-min Lee [email protected]