Samsung Electronics Vice Chairman Lee Jae-yong visited Samsung Display's operations located in Asan, South Chungcheong Province, on Aug. 26. Vice Chairman Lee presided over a meeting of executives and discussed strategies for future new technologies such as new display roadmaps.
Lee said at the meeting, "The crisis and opportunities are repeated constantly. Just because the LCD business is difficult now, we shouldn't give up big displays."
"We need to accelerate the development of new technologies to lead the new future to come. Technology is the only way to live," he said.
Participants in the meeting included Kim Ki-nam, vice chairman of Samsung Electronics' DS division, Lee Dong-hoon, president of Samsung Display, Kim Sung-chul, vice president of small and medium display business, and Nam Hyo-hak, vice president of large display business.
Vice Chairman Lee also toured production lines for the latest OLED products, including foldable displays, and encouraged executives and employees.
The vice chairman's visit to Samsung Display's operations was seen as a move to ask executives and employees to continue to invest in future innovative technologies despite the market situation in which aggressive investments by Chinese panel makers have aggravated Samsung Display's profitability.
Samsung Display is going to develop next-generation high-value innovative technologies such as foldable displays and expand its product line into new business areas such as cars and HMD.
Meanwhile, after Japan's decision to exclude whitelist, Lee visited Samsung's production lines several times. Starting with Samsung Electronics' Onyang and Cheonan operations on August 6, Vice Chairman Lee visited Pyeongtaek Business on August 9, Gwangju Business on August 20 and Asan Business on Samsung Display today.