ID :
78565
Sun, 09/06/2009 - 12:39
Auther :
Shortlink :
https://www.oananews.org//node/78565
The shortlink copeid
Samsung heir says manufacturing led S. Korea out of recession
CALGARY, Canada, Sept. 4 (Yonhap) -- The heir to Samsung Group said Friday that
manufacturing has been the key to South Korea's fast recovery from the global
recession.
Lee Jae-yong, the only son of former Samsung chairman Lee Kun-hee, made the
comment while visiting WorldSkills Calgary 2009, being held in this Canadian city
from Sept. 1-7.
Electronics giant Samsung Electronics Co. is one of the major sponsors of the
event, which brings young professionals from trade, service and vocational
programs around the world to showcase their talents.
"Haven't all the manufacturing exporters turned out well?" Lee said to reporters
at the event venue. "South Korea is, in the end, a country of manufacturers, and
the reason we are recovering faster than other countries is that there is a
reserved force of craftsmen in every corner of industry."
Lee, who also serves as senior vice president at Samsung Electronics, continued
to stress "craftsmanship", saying that people's skills are most important when it
comes to manufacturing.
"Marketing and management are also important, but the source of strength of a
manufacturer comes from the field of labor," he said. "There were times when (we)
put other things before what is going on in the field."
Officials at Samsung added that the competition winners at the event will be
awarded with the opportunity to join Samsung as full-time employees.
Answering whether he feels burdened as the son of the former head of South
Korea's largest conglomerate, Lee responded without affectation.
"I am not entitled to complain about my life," the junior Lee, 41, said. "I would
be lying if I said I don't feel burdened, but I have benefited from having good
parents and excellent superiors (in the company)."
Lee left Calgary right after his Thursday visit, heading to the IFA electronics
fair in Berlin, Germany.
Last month, the Seoul High Court sentenced the senior Lee, 67, to a three-year
suspended prison term and a fine of 110 billion won (US$89.2 million) for illegal
bond transactions that caused huge financial losses to a Samsung affiliate.
Samsung Group has said it will not appeal the court ruling, virtually closing the
high-profile case after a 13-year legal battle.
The elder Lee served as Samsung chairman for 20 years and stepped down from the
group's top management post in April 2008 after he was indicted for causing
losses at Samsung companies and for failing to pay taxes.
ygkim@yna.co.kr
(END)
manufacturing has been the key to South Korea's fast recovery from the global
recession.
Lee Jae-yong, the only son of former Samsung chairman Lee Kun-hee, made the
comment while visiting WorldSkills Calgary 2009, being held in this Canadian city
from Sept. 1-7.
Electronics giant Samsung Electronics Co. is one of the major sponsors of the
event, which brings young professionals from trade, service and vocational
programs around the world to showcase their talents.
"Haven't all the manufacturing exporters turned out well?" Lee said to reporters
at the event venue. "South Korea is, in the end, a country of manufacturers, and
the reason we are recovering faster than other countries is that there is a
reserved force of craftsmen in every corner of industry."
Lee, who also serves as senior vice president at Samsung Electronics, continued
to stress "craftsmanship", saying that people's skills are most important when it
comes to manufacturing.
"Marketing and management are also important, but the source of strength of a
manufacturer comes from the field of labor," he said. "There were times when (we)
put other things before what is going on in the field."
Officials at Samsung added that the competition winners at the event will be
awarded with the opportunity to join Samsung as full-time employees.
Answering whether he feels burdened as the son of the former head of South
Korea's largest conglomerate, Lee responded without affectation.
"I am not entitled to complain about my life," the junior Lee, 41, said. "I would
be lying if I said I don't feel burdened, but I have benefited from having good
parents and excellent superiors (in the company)."
Lee left Calgary right after his Thursday visit, heading to the IFA electronics
fair in Berlin, Germany.
Last month, the Seoul High Court sentenced the senior Lee, 67, to a three-year
suspended prison term and a fine of 110 billion won (US$89.2 million) for illegal
bond transactions that caused huge financial losses to a Samsung affiliate.
Samsung Group has said it will not appeal the court ruling, virtually closing the
high-profile case after a 13-year legal battle.
The elder Lee served as Samsung chairman for 20 years and stepped down from the
group's top management post in April 2008 after he was indicted for causing
losses at Samsung companies and for failing to pay taxes.
ygkim@yna.co.kr
(END)
