Samsung Electronics strengthens partnerships with Japanese cooperative firms
Samsung Electronics, under the leadership of Executive Chairman Lee Jae-yong, hosted a meeting with Japanese cooperative firms in Seoul to enhance their partnerships. This marked the first time Lee has held the Lee Kunhee Japanese Friends meeting since becoming corporate chairman last year, as well as the first offline meeting in Korea since 2019.
The meeting, which has been taking place since 1993, aims to foster collaborations with Japanese cooperative firms for various components of Samsung’s chips, cell phones, televisions, and household appliances. This year’s meeting was held at Seungjiwon in central Seoul, which used to serve as the late Lee’s office.
In attendance were Samsung Electronics Vice Chairman Han Jong-hee and Samsung Display CEO Choi Joo-sun, among other executives. During the meeting, participants engaged in discussions regarding global issues such as the current economic challenges, the Covid-19 pandemic, the trade dispute between the United States and China, and the ongoing Russia-Ukraine conflict. They also expressed a commitment to overcoming these obstacles.
Furthermore, the attendees agreed to collaborate on the development of core technologies for artificial intelligence and the fourth industrial revolution, which aligns with Samsung’s strategic focus in these areas.
Traditionally an annual event, the meeting did not take place in 2020 due to the Covid-19 pandemic. Late Lee recognized the crucial role of building relationships with cooperative firms, as the competitiveness of the electronics parts directly impacts the overall competitiveness of the final products, according to Samsung.
This news article is translated from an original piece by Jin Min-ji, written for the JoongAng Daily.
Frequently Asked Questions (FAQs) Related to the Above News
What is the purpose of the meeting hosted by Samsung Electronics with Japanese cooperative firms?
The meeting aims to enhance partnerships and foster collaborations with Japanese cooperative firms for various components of Samsung's products, including chips, cell phones, televisions, and household appliances.
When was the last time Executive Chairman Lee Jae-yong hosted the Lee Kunhee Japanese Friends meeting?
This marked the first time Lee Jae-yong has hosted the meeting since becoming corporate chairman last year.
Where was this year's meeting held?
The meeting was held at Seungjiwon in central Seoul, which used to serve as the late Lee's office.
Who attended the meeting?
In attendance were Samsung Electronics Vice Chairman Han Jong-hee and Samsung Display CEO Choi Joo-sun, among other executives.
What global issues were discussed during the meeting?
Participants engaged in discussions regarding global issues such as economic challenges, the Covid-19 pandemic, the trade dispute between the United States and China, and the ongoing Russia-Ukraine conflict.
What areas of collaboration were agreed upon during the meeting?
The attendees agreed to collaborate on the development of core technologies for artificial intelligence and the fourth industrial revolution, aligning with Samsung's strategic focus in these areas.
Why didn't the meeting take place in 2020?
The meeting did not take place in 2020 due to the Covid-19 pandemic.
Why is building relationships with cooperative firms important for Samsung?
Building relationships with cooperative firms is crucial as the competitiveness of the electronics parts directly impacts the overall competitiveness of the final products, according to Samsung.
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
