Samsung tipped record earnings, it’s going to be better in the fourth-quarter, and all that’s been driven by Kwon’s components business,” said Park Ju-gun, head of research firm CEO Score. As well as being chairman of the board and a board director, he heads the components business - including memory chips - and the display business. The world’s biggest maker of memory chips, smartphones and TVs is set to smash its annual profit record this year, thanks partly to soaring demand for memory chips. Kwon would serve out his term as chairman of the board and board director until March 2018, the company said. “I‘m worried about a leadership vacuum at a time when Lee is absent from management,” Chung Sun-sup, chief executive of research firm Chaebul.com, said following Kwon’s announcement.

Source: bd News24 October 13, 2017 03:33 UTC