Samsung Electronics issued an apology after releasing disappointing preliminary results, recognizing challenges in technological competitiveness and committing to long-term improvements in innovation and company culture.
Jeon Young-hyun acknowledged the responsibility for the disappointing results, emphasizing that the future of Samsung hinges on new technologies and maintaining a high standard of quality.
Despite a 275% year-on-year profit increase, Samsung's Q3 2024 results fell short of expectations, prompting concerns about its memory business and overall strategy.
The vice chairman outlined three strategies for improvement: focusing on long-term advancements, rekindling innovation passion, and re-examining organizational culture for better communication.
#samsung-electronics #financial-results #memory-business #technological-competitiveness #business-strategy
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