Also, fundamentally, its traditionally strong businesses such as mobile and TV are seeing growth slowdown in general. At the same time, its logic businesses, Samsung Foundry and Samsung System LSI, which the company deems its next growth engines, have shown mixed performances in the past couple of years.
Meanwhile, Samsung also announced its first woman president. President is the highest executive position within the electronic maker only behind CEO and vice chairman.
President Younghee Lee was named the global market officer of the Device Experience division, or DX division. Known as a marketing expert and having previously worked at L'Oreal, she joined Samsung in 2007.
She was instrumental in promoting Samsung's Galaxy smartphone brand when the company's mobile business was fast-rising in the smartphone sector starting in the early 2010s under the leadership of then-CEO JK Shin.