SEOUL—Visiting a semiconductor facility in early January, Samsung’s de facto leader Lee Jae-yong gave a pep talk for the year—and made a plea for the South Korean tech giant that he worried had grown stagnant.

“We should emerge as a new Samsung,” said Mr. Lee, the 53-year-old grandson of Samsung’s founder. “Together, we can open a new future.”

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Fiat Chrysler, PSA Shareholders Vote on Trans-Atlantic Deal

PSA Group, whose brands include Peugeot and Citroën, has fared better than…

How Qatar Airways Became Biggest Long-Haul Airline

Qatar Airways Ltd. spent years in the shadow of Emirates Airline. An…

Fed’s Jerome Powell to Address Economic Outlook, With Hiring Surge in Spotlight

Economy U.S. Economy Central bank has been raising interest rates as it…

McCarthy’s moment of truth arrives as lawmakers prepare for speaker vote

WASHINGTON — A weekslong standoff between Republican leader Kevin McCarthy and his…