Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Electronics Co Ltd    005930   KR7005930003

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Samsung Electronics : With Samsung chief's arrest, three executives in spotlight

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/17/2017 | 03:21am CEST

A South Korean court on Friday ordered the arrest of Jay Y. Lee, the 48-year-old head of the Samsung Group, on suspicion of bribery and other charges in a corruption scandal that led parliament to impeach President Park Geun-hye.

Prosecutors accuse Lee in his capacity as head of South Korea's largest conglomerate, or chaebol, of pledging 43 billion won ($37.74 million) to a business and organizations backed by Park's friend, Choi Soon-sil, in exchange for support of a 2015 merger of two Samsung companies.

Samsung and Lee have denied wrongdoing in the case. Park, whose impeachment will be upheld or overturned by the Constitutional Court, has also denied wrongdoing.

Samsung watchers have said Lee's arrest would not affect the day-to-day running of group companies including Samsung Electronics Co Ltd (>> Samsung Electronics Co Ltd), which are run by professional managers, but a prolonged absence could impact longer-term and strategic decision making.

Lee's arrest is likely to put greater public focus on three key executives at the sprawling conglomerate.

THE MENTOR

Choi Gee-sung, vice chairman, Samsung Electronics

Choi, 66, heads Samsung's group strategy office, dubbed the "control tower". Known to be Jay Y. Lee's mentor, Choi had been expected by group insiders to take charge of the conglomerate in the event of Lee's absence.

With more than three decades at Samsung, Choi has been deeply involved in preparing a plan for Jay Y. Lee to assume control of the group from his father, who was incapacitated by a 2014 heart attack.

Previously CEO of Samsung Electronics, Choi created the role of chief operating officer in 2010, and appointed Jay Y. Lee to that post.

MR. CHIP

Kwon Oh-hyun, vice chairman and CEO, Samsung Electronics

The 64-year-old Kwon, who succeeded Choi as Samsung Electronics CEO in 2012, mainly oversees Samsung's cash-cow components business, which includes the world's biggest maker of memory chips, a key driver of revenue and profits.

Known as "Mr. Chip," the low-profile Kwon may find himself with a larger role as he guides Samsung Electronics through the aftermath of last year's crisis over exploding Galaxy Note 7 smartphones.

THE SISTER

Lee Boo-jin, CEO, Hotel Shilla Co Ltd (>> Hotel Shilla Co Ltd)

The elder of Jay Y. Lee's two younger sisters, 46-year-old Lee Boo-jin heads Samsung's Hotel Shilla arm, which is among the world's largest duty-free retailers. Shares in the company rallied earlier this week on market speculation that she would take a bigger role in the group if her brother was arrested.

Some group watchers dismissed that likelihood, noting that Lee Boo-jin does not have experience at the flagship Samsung Electronics or hold a significant stake in the company.

It is extremely rare in South Korea for a woman to assume control of a family conglomerate.

(Reporting by Se Young Lee, Miyoung Kim, Hyunjoo Jin and Ju-min Park; Writing by Tony Munroe; Editing by Ian Geoghegan and Lincoln Feast)

Stocks treated in this article : Hotel Shilla Co Ltd, Samsung Electronics Co Ltd
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAMSUNG ELECTRONICS CO LTD
01:41p SAMSUNG ELECTRONICS : Award Notice - Samsung Televisions 75" and 50"
12:21p DEALMASTER : Memorial Day deals like $250 off Dells new gaming laptop and more
09:36a SAMSUNG ELECTRONICS : unveiled Galaxy J7 Prime, J5 Prime with 32GB storage in In..
05/25 SAMSUNG ELECTRONICS : Patent Issued for Processor Module, Micro-Server, and Meth..
05/25 SAMSUNG ELECTRONICS : Patent Issued for Interference Alignment Method and Appara..
05/25 SAMSUNG ELECTRONICS : Patent Issued for System for and Method of Transmitting Co..
05/25 SAMSUNG ELECTRONICS : Patent Issued for Method and Apparatus for Tagging Multime..
05/25 SAMSUNG ELECTRONICS : Patent Issued for Method and Apparatus for Providing User ..
05/25 SAMSUNG ELECTRONICS : Patent Issued for Camera Apparatus and Control Method (USP..
05/25 SAMSUNG ELECTRONICS : Patent Issued for S/D Connection to Individual Channel Lay..
More news
Sector news : Phones & Handheld Devices - NEC
05/24DJAPPLE : Agrees to Pay Nokia in Patent Fight -- WSJ
05/23DJMARKET SNAPSHOT : S&P 500, Nasdaq Hover Near Records As Stocks Edge Higher
05/23DJNOKIA OYJ : and Apple Move From Courtroom Foes to Business Partners -- Update
05/23DJNOKIA OYJ : and Apple Move From Courtroom Foes to Business Partners
05/04 TELEFONAKTIEBOLAGET LM ERICSSON : Nokia to cut up to 200 jobs more in Finland on..
More sector news : Phones & Handheld Devices - NEC
News from SeekingAlpha
05/25 The Mobile AR Platform War
05/25 Ericsson Has Strong Position Before 5G Network Build Out
05/25 The 10% Solution And The Challenge Of Change For The Computing World
05/25 Tracking Alex Roepers' Atlantic Investment Management Portfolio - Q1 2017 Upd..
05/22 Smart Global Holdings Readies $74 Million IPO
Advertisement
Financials ( KRW)
Sales 2017 231 922 B
EBIT 2017 48 911 B
Net income 2017 36 478 B
Finance 2017 74 905 B
Yield 2017 1,49%
P/E ratio 2017 8,77
P/E ratio 2018 7,94
EV / Sales 2017 1,11x
EV / Sales 2018 0,95x
Capitalization 331 744 274 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 2 768 273  KRW
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Boo-Keun Yoon Co-President, Co-CEO & Director
Jong-Kyun Shin Co-President, Co-CEO & Director
Oh-Hyun Kwon Chairman & Chief Executive Officer
Sang-Hoon Lee Co-President & Chief Financial Officer
Jae-Yong Lee Director & Vice Chairman-Executive Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG ELECTRONICS CO..296 579
FIH MOBILE LTD4.88%2 645
HTC CORP--.--%1 946
FITBIT INC-26.37%1 232
MERRY ELECTRONICS CO L..--.--%1 118
SEOWONINTECH CO LTD--.--%191
More Results