Samsung Heir Lee Joins Board of Directors

Samsung Heir Lee Joins Board of Directors

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Business

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Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the Note 7 crisis affect Samsung's net profit in the third quarter?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes is Samsung making to regain customer confidence?

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