As the 6th anniversary of the late Lee Kun-hee, former chairman of Samsung, approaches on October 25, a series of memorial services and commemorative performances will take place. Amid ongoing uncertainties in the business environment, attention is focused on what vision and messages Lee Jae-yong, chairman of Samsung Electronics, will convey to executives during this period.
According to industry sources on October 18, the memorial service for the late chairman will be held quietly on October 23 at his burial site in Suwon, Gyeonggi Province, two days before the anniversary. Similar to previous years, the event will not include large external guests, with family members, including Hong Ra-hee, honorary director of the Leeum Museum, and key executives from major affiliates gathering to honor his memory in a subdued manner.
Following the memorial service, the chairman and the executives are expected to move to the Samsung Human Resources Development Center in Yongin, where a bust of the late chairman is located, for a luncheon. This center serves as a hub for training new employees and embodies the late chairman's management legacy. Despite recent improvements in the semiconductor market, challenges such as weakened stock price momentum and a global economic downturn remain, leading to speculation that the chairman may address the executives about overcoming crises and preparing for the future during the luncheon.
On October 28, a memorial concert will be held at the concert hall of the Samsung Electronics Human Resources Development Center in Yongin. This performance will feature renowned classical artists and is expected to see significant attendance from the Samsung family, including Lee Jae-yong, Lee Boo-jin, president of Hotel Shilla, and Lee Seo-hyun, president of Samsung C&T, along with key employees.
Prior to the concert, the chairman is anticipated to encourage newly appointed executives and outstanding employees, followed by a dinner with the management team.
Lee Kun-hee, who became the second chairman of Samsung Group in 1987, transformed the company into a leading global IT and electronics firm through his 1993 "New Management Declaration," which called for fundamental innovation with the phrase, "Change everything except your wife and children." After a long battle with illness, he passed away on October 25, 2020, at the age of 78.
* This article has been translated by AI.
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