Advertisement
Business News
Dec. 3, 2010 / 2:12 PM

Samsung promotes within the family

SEOUL, Dec. 3 (UPI) -- South Korean electronics giant Samsung Lee said Jae-yong, a grandson of the company's founder, had been promoted to president.

Lee, son of Chairman Lee Kun-hee, will also continue with his job as the firm's chief operating officer, Yonhap reported Friday.

Advertisement

The younger Lee started working for the company in 1991 and has been steadily groomed to take over as chairman when the elder Lee retires, Yonhap said.

The younger Lee has a masters of business degree from Keio University.

Samsung also reported nine other executive promotions Friday, including naming the chairman's oldest daughter Lee Boo-jin to the position of president and CEO of Hotel Shilla Co. and president of holding company Samsung Everland Inc.

Read More

Latest Headlines

Austin visits Ukraine, voices U.S. support against Russian aggression
Defense News // 2 years ago
Austin visits Ukraine, voices U.S. support against Russian aggression
Oct. 19 (UPI) -- U.S. Defense Secretary Lloyd Austin said Ukraine continues to have U.S. support against Russian aggression and is free to decide its own foreign policy during a visit to Kyiv Tuesday. 
Citing Russian occupation, U.S. signs new defense pact with Georgia
Defense News // 2 years ago
Citing Russian occupation, U.S. signs new defense pact with Georgia
Oct. 18 (UPI) -- U.S. Defense Secretary Lloyd Austin signed a new security agreement with Georgia Monday, seeking to buttress relations with the Black Sea nation as it continues to face Russian troops in two of its regions.
Pentagon orders all civilian employees to be fully vaccinated by Nov. 22
Defense News // 2 years ago
Pentagon orders all civilian employees to be fully vaccinated by Nov. 22
Oct. 4 (UPI) -- The Pentagon on Monday ordered all Department of Defense civilian employees to be fully vaccinated against COVID-19 by no later than Nov. 22.
Army investigating suspected suicides of three Fort Drum soldiers
Defense News // 2 years ago
Army investigating suspected suicides of three Fort Drum soldiers
Sept. 29 (UPI) -- The U.S. Army is investigating the suspected suicides of three soldiers based at New York's Fort Drum.
Four Marines remain hospitalized month after suicide bombing at Afghan airport
Defense News // 2 years ago
Four Marines remain hospitalized month after suicide bombing at Afghan airport
Sept. 24 (UPI) -- Four U.S. Marines remain hospitalized after an attack near Hamid Karzai International Airport in Kabul, Afghanistan, last month as service members were evacuating foreign nationals and refugees.
South Korean firm to supply rapid COVID-19 test kits to U.S. military
Defense News // 2 years ago
South Korean firm to supply rapid COVID-19 test kits to U.S. military
SEOUL, Sept. 24 (UPI) -- South Korean biopharmaceutical firm Celltrion has agreed to supply its DiaTrust rapid COVID-19 test kit to the U.S. military.
Army tests MK-22 Precision Sniper Rifle at Fort Bragg ahead of fielding
Defense News // 2 years ago
Army tests MK-22 Precision Sniper Rifle at Fort Bragg ahead of fielding
Sept. 23 (UPI) -- The Army has successfully tested the MK-22 Precision Sniper Rifle to clear it for fielding.
U.S. Navy, Bahrain partner to ramp up unmanned systems use
Defense News // 2 years ago
U.S. Navy, Bahrain partner to ramp up unmanned systems use
Sept. 23 (UPI) -- Bahraini leaders committed Thursday to partnering with a new U.S. Navy task force to ramp up new unmanned system efforts.
U.S. F-16 fighter jets intercept Cessna during U.N. General Assembly
Defense News // 2 years ago
U.S. F-16 fighter jets intercept Cessna during U.N. General Assembly
Sept. 22 (UPI) -- U.S. fighter jets escorted a small plane flown by a U.S. Army soldier out of restricted air space over New York City during the United Nations General Assembly.
U.S. Space Force to take over SATCOM operations from Army, Navy
Defense News // 2 years ago
U.S. Space Force to take over SATCOM operations from Army, Navy
Sept. 22 (UPI) -- The U.S. Space Force will take over satellite communications billets, funding and mission responsibility from the U.S. Army and Navy, the Department of Defense announced Wednesday.
Advertisement

Trending Stories

Advertisement

Follow Us

Advertisement