[이재용 구속] New Samsung’s power weakens due to the re-restraint
Large-scale investment, M&A, etc.
(Seoul = Yonhap News) Reporter Misook Seo = Samsung Electronics[005930] As Vice Chairman Lee Jae-yong was sentenced to imprisonment in a trial for the destruction of Gukjeong Nongdan, Samsung faced another situation of’absence of the head of the head’. It has been three years since he was released on probation in the appeal of this trial in February 2018.
Amid growing global uncertainties such as a novel coronavirus infection (Corona 19) and a fight for supremacy between the US and China, there are concerns about Samsung Electronics’ management disruption as the head of the company is arrested again.
◇ Samsung “Reproduce the nightmare 3 years ago”… Will the implementation of New Samsung be delayed?
When news of Vice Chairman Lee’s arrest was delivered, Samsung was shocked by recalling the absence of the general manager in 2017. In the next year and six months without Vice Chairman Lee, voices of concern about the company’s management are heard.
Vice-Chairman Lee accepted the order of the remand and reconciliation trial court, and in January of last year, he created the Samsung Compliance Monitoring Committee with former Supreme Judge Kim Ji-hyung as its chairman and worked hard to avoid the imprisonment.
While ensuring the independence and autonomy of the committee, he expressed his will to strengthen ethical management and compliance management by providing a monitoring function for seven affiliates and representatives, including Samsung Electronics.
Vice-Chairman Lee said in the final statement of the farewell remission at the end of last month. · We will be reborn as a new Samsung with transparency.”
At the same time, on the 11th of this month, he promised to seek the compliance committee and continue to guarantee the independent and continuous activities of the committee.
Vice-Chairman Lee also withdrew from Samsung’s’no-union management’ and allowed the establishment of a union, and on the 14th, Samsung Display signed a collective agreement.
However, despite these efforts, as Vice Chairman Lee was arrested, regrets poured out from inside Samsung that “the efforts and sincerity of Vice Chairman Lee have been in vain.”
In the business world, there are concerns that the’New Samsung’ declaration, which was issued with apology to the public in May of last year due to Vice Chairman Lee’s arrest, is causing a setback.
At the time, Vice Chairman Lee announced the plan to implement New Samsung with the main focus of the abandonment of the 4th generation management right at the time, withdrawal of non-union management, reinforcement of compliance management, and promotion of new business, but the arrest of Vice Chairman Lee could result in loss of power or delay.
◇ Large-scale investment decision seems to be difficult
Inside Samsung, Vice Chairman Lee was arrested in February 2017, sentenced to probation in February of the following year, and one year before being released is likened to a “dark period”.
The company did not operate normally, with large-scale investment plans and significant decision-making delayed and group personnel delayed.
In particular, when Vice Chairman Lee, who became the official head of the group due to the death of Chairman Lee Kun-hee, is again imprisoned, there are many voices of concern that heavy decision-making may be suspended at critical times.
The business community is also worried about the absence of the total number of domestic No. 1 companies.
Global semiconductor companies are striving to secure future growth engines through large-scale investments and mergers and acquisitions (M&A) amid fierce technology competition. However, the lack of total number of Samsung Electronics could lead to a disruption to the’super gap’ strategy.
Samsung Electronics has established’Semiconductor Vision 2030′, which aims to take the top spot in the system semiconductor sector by investing KRW 133 trillion by 2030, but in the foundry sector, it is behind TSMC in Taiwan, and in the fabless market, global companies such as Qualcomm, Taiwan Mediatech, and Sony Japan. It is difficult to achieve the goal because it is pushed by companies.
The announcement of large-scale investment plans at home and abroad, including the expansion of the Austin semiconductor plant in the US, and the mergers and acquisitions of promising companies may also be suspended for some time.
An official in the business community said, “In lieu of Vice Chairman Lee, professional managers will lead the company, but in the end, the owner often has to make critical decisions that are responsible for failure.” It will be difficult to easily decide on a new large-scale investment or M&A,” he predicted.
On the other hand, another official said, “The absence of the total number is not a big problem for companies that operate with a huge system like Samsung.” In 2017, when Vice Chairman Lee was imprisoned, Samsung continued to be successful due to the semiconductor boom. Will be.”
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