Samsung replaces CEOs as Vice Chairman Lee seeks new direction

South Korean giant merges mobile, consumer electronics divisions to stay on top

20211207 Samsung logo

Samsung Electronics is facing competitive challenges in computer chips and smartphones. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- Samsung Electronics replaced all of its chief executives and slimmed down its corporate structure into two business divisions as Vice Chairman Lee Jae-yong positions the company to deal with an increasingly competitive global business landscape.

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