Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Nvidia Develops New Location-Verification Technology for AI Chips 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Samsung Electronics announced the appointment of its very first female president, as its chairman Lee Jae Yong is, strongly intending to break the glass ceiling in the organization. The new female president was revealed during the annual executive reshuffle.
Samsung Electronics said on Monday, Dec. 5, that it has promoted Lee Young Hee to the president role at the company’s global marketing office of the device eXperience (DX) division, where she was previously serving as its vice president. She will now lead the group that oversees the company’s mobile device and home appliance businesses.
As per The Korea Times, Lee has also become the first female president who is not related to Samsung Group's founder, Lee Byung Chul. Prior to her assignment, Lee Boo Jin, the president and chief executive officer of Hotel Shilla, was the only female president in the company, but she is the younger sister of the current Samsung Group chairman.
"As a marketing expert who came from L'Oreal in 2007, the new president succeeded in Galaxy smartphone marketing and contributed to enhancing Samsung Electronics' brand value," Samsung Electronics said in a statement for Lee’s appointment. "By promoting a well-performing female vice president to president, we have been able to show our growth vision to talented women."
Korea Joongang Daily reported that Lee joined and began working at the company in 2007. She has led the marketing efforts for Samsung’s Galaxy smartphones. She is 58 years old and finished her college degree majoring in English literature from Yonsei University. She also took up and earned her master’s degree in marketing from Northwestern University.
Prior to joining Samsung, she worked for Unilever Korea before moving to L'Oreal Korea. Lee Young Hee’s promotion is effective immediately, which means she starts work in her new role this week.
Meanwhile, Kim Woo Jun was also promoted from vice president to president of the DX unit’s networks business. Lastly, Nam Seok Woo is now the president and chief security officer at Samsung’s device division’s global manufacturing & infra technology that manages the semiconductor business.
Photo by: Rubaitul Azad/Unsplash
