Following the heart attack suffered by the company’s current chairman Lee Kun-hee and is being hospitalized, the company plans to cement Lee Jae-yong as the new company head.
Lee Jae-Yong, a son of Lee Kun-hee is expected to take over as the new head.
The management shake-up is expected to be announced next week. This could also see the replacement of Shin Jong-Kyun, head of the group’s mobile version.
Samsung Electronics reported its weakest quarterly earnings in three years.
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