Car automotive part & AI service… Lee Jae-yong’s new growing business investment in rush
Park Jung Il | comja77@ | 2018-02-07 11:14:56
Lee Jae-yong, vice chairman of Samsung Electronics, has been jailed for 353 days. He has been watching Jeongjung-dong and has been focusing on Samsung`s move to regain the lost year. Lee Jae-yong, in the business world, is expected to invest in new growth businesses in 2010, following the five major new business projects (medical devices, LEDs, solar cells, bio-pharmaceuticals, and EV batteries).
According to business circles on February 6, the vice chairman is reportedly planning to take a rest at his home after he left his home in Hannam-dong around 9:30 am.
A business official familiar with Samsung stated, "I know that the reporters are taking a rest on their places of worship because they see the reporters coming to the hospital and home where Lee Kun-hee is hospitalized, as well as the Seoul detention center, feel somewhat burdensome. There are very few people in the company know about Samsung, "he pointed out.
The vice chairman, in the business world, has suffered a great deal of hardship for the past year, and the Supreme Court is still considering appeals. However, there is a big schedule such as the birthday of Lee Byung-chul, the founder of the month, Hyun-Am Lee, and the ceremony for the 80th anniversary of Samsung founding ceremony and Samsung Electronics shareholders meeting next month. Sooner or later, there is a possibility that the vice chairman will announce a message similar and it is getting tangible.”
Some in the business world are observing that this vice chairman can offer a large-scale investment plan for Samsung`s future business following semiconductor. It is expected to include electric vehicle parts and artificial intelligence (AI) service business in addition to biotech, electric vehicle battery and medical device that are currently doing business.
A business expert stated, "Samsung will be able to deliver a bigger picture when other groups such as SK, Hyundai Motors and LG are already carrying out concrete business results in autonomous vehicles, energy new industries and bio."
Meanwhile, once the automotive battlefield business is one of the most successful projects, the potential for further global mergers and acquisitions (M & A) is becoming more visible. The vice chairman paid special attention to Samsung Electronics` leadership in establishing a battlefield business team and taking a leading role in the acquisition of Haman. In particular, given the fact that the first year of the acquisition of Haman is not expected to generate sales of W7.0trn and operating profit of W60bn, it has yet to generate synergies, which is not yet clear. As a result, the Fiat Chrysler (FCA), a subsidiary, is likely to acquire promising start-ups related to autonomous driving.
On the other hand, the bio business is likely to make more aggressive investments. Samsung Bio Logics, which has invested about W3tr, has succeeded in turning a profit to last year, so it can invest an additional trillion won. In the medical equipment business, last year, Samsung Electronics unveiled its medical device division as a corporate organization, expanding the scope of its efforts to strengthen synergy with Samsung Medical.
Besides, Samsung SDI`s battery business for electric vehicles has improved its constitution for more than two years and succeeded in turning a profit last year, so it is possible to invest aggressively in this field. In order to strengthen the AI business, Samsung Electronics` system LSI division will expand the scope of the system semiconductor business.
Also, Vice Chairman Yun Bong-geun pointed out, "We should work harder for speed management now," in relation to the release of the vice chairman at a breakfast meeting of CEOs held at the Korea Chamber of Commerce and Industry in Seoul this morning.
By Park Jung Il comja77@
[ copyright ⓒ The Digitaltimes ]
According to business circles on February 6, the vice chairman is reportedly planning to take a rest at his home after he left his home in Hannam-dong around 9:30 am.
A business official familiar with Samsung stated, "I know that the reporters are taking a rest on their places of worship because they see the reporters coming to the hospital and home where Lee Kun-hee is hospitalized, as well as the Seoul detention center, feel somewhat burdensome. There are very few people in the company know about Samsung, "he pointed out.
The vice chairman, in the business world, has suffered a great deal of hardship for the past year, and the Supreme Court is still considering appeals. However, there is a big schedule such as the birthday of Lee Byung-chul, the founder of the month, Hyun-Am Lee, and the ceremony for the 80th anniversary of Samsung founding ceremony and Samsung Electronics shareholders meeting next month. Sooner or later, there is a possibility that the vice chairman will announce a message similar and it is getting tangible.”
Some in the business world are observing that this vice chairman can offer a large-scale investment plan for Samsung`s future business following semiconductor. It is expected to include electric vehicle parts and artificial intelligence (AI) service business in addition to biotech, electric vehicle battery and medical device that are currently doing business.
A business expert stated, "Samsung will be able to deliver a bigger picture when other groups such as SK, Hyundai Motors and LG are already carrying out concrete business results in autonomous vehicles, energy new industries and bio."
Meanwhile, once the automotive battlefield business is one of the most successful projects, the potential for further global mergers and acquisitions (M & A) is becoming more visible. The vice chairman paid special attention to Samsung Electronics` leadership in establishing a battlefield business team and taking a leading role in the acquisition of Haman. In particular, given the fact that the first year of the acquisition of Haman is not expected to generate sales of W7.0trn and operating profit of W60bn, it has yet to generate synergies, which is not yet clear. As a result, the Fiat Chrysler (FCA), a subsidiary, is likely to acquire promising start-ups related to autonomous driving.
On the other hand, the bio business is likely to make more aggressive investments. Samsung Bio Logics, which has invested about W3tr, has succeeded in turning a profit to last year, so it can invest an additional trillion won. In the medical equipment business, last year, Samsung Electronics unveiled its medical device division as a corporate organization, expanding the scope of its efforts to strengthen synergy with Samsung Medical.
Besides, Samsung SDI`s battery business for electric vehicles has improved its constitution for more than two years and succeeded in turning a profit last year, so it is possible to invest aggressively in this field. In order to strengthen the AI business, Samsung Electronics` system LSI division will expand the scope of the system semiconductor business.
Also, Vice Chairman Yun Bong-geun pointed out, "We should work harder for speed management now," in relation to the release of the vice chairman at a breakfast meeting of CEOs held at the Korea Chamber of Commerce and Industry in Seoul this morning.
By Park Jung Il comja77@