Samsung Holds Annual Shareholders' Meeting In The Absence Of Mr Lee

According  to the Yonhap News Agency, March 23, Beijing time, Samsung Electronics  held its annual shareholder meeting in Seoul today. At the conference, 400 Samsung shareholders and key executives will discuss the company’s current problems.


Lee Jae-yong, the legal heir of Samsung Group, did not attend the conference. This is the first shareholder meeting held by Li Zaijun after his release from prison last month. Previously, Lee Jae-in was detained on suspicion of bribery because he  was involved in a pro-government scandal involving the president of  South Korea.


"2017  is Samsung's bumper year. Despite the uncertain business environment,  we have still achieved record results," said Samsung Chairman Kwon  Oh-hyun. "In 2018, we are committed to responding to new challenges." The challenges will lay the foundation for sustainable growth in the medium to long term and create greater glories."


The company said that Samsung’s operating profit reached a record 53.6  trillion won (about 49.6 billion U.S. dollars) last year and vowed to  continue to meet new challenges in the development process.


He  said that Samsung will focus on increasing its dividend for the next  three years (as of 2020) and share the company's lucrative profits with  shareholders. The 50:1 stock split proposed by Samsung will also be implemented as planned.


"This  year, the rise of trade protectionism and geopolitical risks are still  the major uncertainties facing the company's business environment." The  transformation of the IT industry requires companies to meet the  challenges, "said the power of five nicknames, he said that Samsung is  prepared to conduct full-scale communication with shareholders. Expand the scope of communication.