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10/25/2021, 11:00 AM (Source: TeleTrader)
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Lee vows to 'create a better Samsung' - report

Lee Jae-yong, de facto heir of the Samsung conglomerate, has reportedly vowed to reinvent the South Korean giant at a memorial service for his late father Lee Kun-hee on Monday.

In an address that has been interpreted as a sign of his determination to be more proactive in the management of the company, Lee said "let's work together with a humble heart to create a better Samsung and a better future for our society," according to Yonhap. He has previously declared that he will "perform better" than his father.

Lee is expected to visit the United States next month to finalize a site for a new Samsung semiconductor factory, with Taylor in Texas reported to be the front-runner.

Baha Breaking News (BBN) / IB