Samsung Heir Lee Joins Board of Directors

EJ Young has joined Samsung's Board of Directors, positioning him as a potential future chairman. His role is crucial in steering Samsung's management strategy, especially after the Note 7 crisis, which significantly impacted profits. Samsung's third-quarter results showed a decline in mobile unit profits, but other divisions like semiconductors performed well. The company is focusing on quality assurance improvements to regain customer trust. Despite currency impacts, Samsung's other divisions are performing steadily.

What significant role has EJ Young recently taken on at Samsung?

• Member of the Board of Directors

• Head of Mobile Division

• Chairman of the Board

• CEO of Samsung

What was one of the major consequences of the Note 7 crisis for Samsung?

• Expansion into new markets

• Significant decline in mobile unit profits

• Increase in market share

• Record high profits

What steps is Samsung taking to address the Note 7 issues?

• Reducing prices of existing models

• Launching a new phone model

• Investigating battery structure and revising quality assurance

• Expanding manufacturing facilities

Which Samsung division reported nearly $3 billion in operating profit?

• Mobile Division

• Semiconductors

• TV and Home Appliances

• Displays

What external factor contributed to Samsung's financial challenges in the third quarter?

• New government regulations

• Decline in semiconductor demand

• Currency fluctuations

• Increased competition