Samsung Electronics held its 55th annual general shareholders meeting today at the Suwon Convention Center in Suwon, Gyeonggi-do, South Korea. The company revealed its strategy for this year and expects revenue of $100 from its chip packaging business.
The company's 55th annual general shareholders meeting was attended by general shareholders, institutional investors, and top-level management executives. Samsung Electronics co-CEO Kye-Hyun Kyung revealed the company's revenue expectations from the chip packaging business unit. The company's executives said that Samsung is focusing on AI, ESG (Environmental, Social, and Governance), and customer experience.
Samsung will pay an annual dividend of $7.3 billion
Samsung Electronics CEO and Vice Chairman, JH Han, said, “Last year, business conditions were difficult due to continued economic uncertainty and a slowdown in the semiconductor industry, but we are striving to improve product competitiveness and technological leadership by strengthening research and development and preemptive facility investment for sustainable growth. We have not stopped our efforts. Amid these efforts, Samsung Electronics’ brand value in 2023 was $91.4 billion based on Interbrand evaluation, maintaining its status as one of the global top five.”
The South Korean firm has announced that it plans to pay an annual dividend of KRW 9.8 trillion ($7.3 billion) for its shares for the year 2023. Samsung's Vice Chairman said that economic uncertainty will also continue this year, but the company is looking for new business opportunities. It will strengthen its core competitiveness and take a new leap forward by responding to market needs in a timely manner.
For the first time in its shareholder meeting history, a separate time was reserved for conversations with shareholders. Vice Chairman Han and CEO Kyeong-Hyeon shared the management status of the DS (Device Solutions) and DX (Device eXperience) divisions and their business strategies for 2024. Heads of each division of Samsung Electronics answered shareholders' questions.
