Samsung chairman Lee Jae-Yong conveyed a strong message to executives, stating that the company is facing a do-or-die survival issue and needs to reflect deeply from the top.
He emphasized the need to invest for the future, even at the cost of sacrificing immediate profits, and criticized executives for losing the power that characterizes Samsung.
Lee Jae-Yong highlighted the importance of hiring and nurturing top-notch talent and pursuing the development of technology that doesn't exist yet.
Samsung has faced challenges in profits and market share, with Q4 2024 earnings showing a 29% decline, and struggles in its semiconductor unit and competition with TSMC.