Lee Jae-Yong Vice Chairman of Samsung is on his way to Germany to seek cooperation with chip manufacturing and automaker firms. The meeting will take place in Munich at the headquarters of BMW, which is one of the most famous automakers.
He took the charted flight that arrived in Budapest, Hungary. After attending a meeting he headed toward Germany without meeting the officials of Samsung SDI. Let me tell you he is on a visit to Germany and is also going to visit the Netherlands for having discussions with various semiconductor-making firms.
It’s essential to meet the CEOs of the companies worldwide and conduct business-related discussions rather than just meeting a group of local officials. Samsung SDI president also accompanied Lee Jae-Yong on his visit to Germany.
Currently, lee is very focused to spread and enhance the global supply chain that is related to semiconductors, batteries, and Mobile communication and equipment. We have already seen Lee, he has the full support of all the Samsung Executives globally. As you can see they are already demanding, that the South Korean Government pardon lee for his bribery-related case.
However, he South Korean government is also handheld he cannot prosecute Lee because he has remained an unpaid director of the company since he has been banned from the chair for five years till 2026 since the case took place in 2021. The sales figure of Samsung is already approaching downwards, in such a condition an unpaid director of the company is putting a lot of effort in a direction to get everything sorted out.