Samsung Electronics to Hold Annual General Meeting on March 18... New Director Kim Yonggwan, Head of DS Business Strategy

Professor Heo Eunnyoung of Seoul National University Nominated as Audit Committee Member
Chairman Lee Jae-yong's Return to the Board as Inside Director Delayed

Kim Yonggwan, who oversees business strategy at the Device Solutions (DS) Division in charge of Samsung Electronics' semiconductor business, has been nominated as a new director of Samsung Electronics.

Samsung Electronics announced on February 13 that it will hold the 57th Annual General Meeting of Shareholders on March 18 at the Suwon Convention Center in Gyeonggi Province.

On the agenda for this shareholders' meeting are the appointment of outside directors, approval of the financial statements, approval of the remuneration limit for directors, and partial amendments to the articles of incorporation.

Kim Yonggwan, Head of Business Strategy, has served as Head of the Support Team of the Memory Business Division and Head of the Planning Team of the DS Division, and then as an executive in charge of the Management Diagnosis Team at the Future Strategy Office and an executive in charge of the Business Support Task Force. Since 2024, he has been serving in the DS Division.

Kim Yonggwan, President and Head of Business Strategy, Device Solutions Division, Samsung Electronics. Samsung Electronics.

The appointment of Seoul National University Professor Heo Eunnyoung as an audit committee member will also be put to a vote at this shareholders' meeting.

Nominee Heo has been a professor at the College of Engineering at Seoul National University since 1996. She has served as a private-sector member of the National Economic Advisory Council, Vice President of the International Association for Energy Economics, and President of the Korean Resource Economics Association. She is currently a full member of the National Academy of Engineering of Korea and Director of the Korea Energy Law Institute.

However, the agenda item for appointing Chairman Lee Jae-yong as an inside director has once again not been included.

In some business circles, there had been expectations that Chairman Lee would return to the board as an inside director after the Supreme Court confirmed his acquittal last year in the case involving allegations of illegal succession of management control.

However, analysts say that Chairman Lee is further strengthening responsible management through efforts such as reinforcing global business and pursuing large-scale mergers and acquisitions (M&A), and that, given the uncertain domestic and global business environment, it is difficult for him to decide on the timing of his return to the board as an inside director.