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Samsung's three new leaders are ready to spend big

New appointments show that disgraced leader Lee Jae-yong could be working on return

A Samsung Electronics chip factory near Seoul (Courtesy of Samsung Electronics)

SEOUL Three executives in their 50s took over the top posts at Samsung Electronics on Oct. 31, paving the way for imprisoned leader Lee Jae-yong, himself 49, to tighten his grip on the tech conglomerate.

President Kim Ki-nam, 59, was promoted to head the company's device solutions division, which includes Samsung's semiconductor and display businesses. President Kim Hyun-suk, 56, will be in charge of consumer electronics, while 56-year-old Koh Dong-jin will take over Samsung's information technology and mobile division.

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