[Global Scientific Reporter Li Xiaofei] According to the Yonhap News Agency report on February 28, Samsung Group announced on the 28th the Group's restructuring plan, the official dissolution of the group's core organization - the future strategy room, and converted to an independent business model of subsidiaries.
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According to the report, Samsung has always been the group's branch company. After this transition to the subsidiary's independent business model, Samsung Group will no longer use the name. Specifically, Samsung decided to hand over all the functions of the future strategic room to its subsidiaries and disband it to the government's public relations organization. Related businesses will also be cancelled. At the same time, the heads of seven strategic teams such as Cui Zhicheng, the second president Zhang Zhongji, and the president of Samsung Electronics Co., Ltd. Park Sangjun collectively resigned.
Previously, Samsung's business activities centered on the three major axes of CEO leadership, future strategic offices, and professional managers of subsidiaries. Among them, the Future Strategy Room is a subsidiary directly under the president of Samsung. It was founded in 1959 and has a history of nearly 60 years. However, it has been criticized by public opinion for alleged bribery and support for the family business succession model.
Samsung Chief Manager Li Zaiyu at the Parliamentary Committee of the State Administration of Enforcement Survey held in December 2016 at the Park Geun-hye government’s prosecutor’s office. He said that if a national holds a negative attitude toward the future strategy room, he is willing to disband the department. Lee had been arrested on suspicion of bribing President Park Geun-hye a few days ago.
In addition, Samsung Electronics Co., Ltd. held a meeting of the board of directors on the 24th and decided to vote through the board of directors when it decided to donate, sponsor, and contribute more than 1 billion won (approximately RMB 6 million).
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