Samsung, LG unveil plans to foster future growth engines in 2021
South Korea's two electronics giants Samsung Electronics
and LG on Monday vowed to
foster their future growth engines in 2021 as they unveiled New Year's goals
amid the pandemic.
Samsung, the world's largest smartphone and TV vendor, said it
aims to actively cope with social and economic changes induced by the COVID-19
pandemic so that 2021 can be the year that provides a platform for its future
growth.
"The transition to the era of data and intelligence is
accelerating with the rise of new technologies and businesses," Samsung Electronics
Vice Chairman Kim Ki-nam, who leads the company's chip business, said in the
company's New Year kickoff meeting held online.
"Let's foster our new growth sectors systemically and look
out 10 years into the future."
Samsung, also the world's top memory chip producer, has been
trying to boost its competitiveness in the foundry business in recent years and
develop its next-generation quantum-dot display solutions. The company has been
also seeking to expand its presence in future mobility businesses.
Kim added that Samsung will also
improve its corporate social responsibility, saying it needs to better develop
sustainable management of the firm.
Samsung last year launched an independent compliance committee to
promote a law-abiding culture at the company, reports Yonhap news agency.
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