Samsung Electronics CEO: "We have a long history of overcoming crises"

Samsung Electronics CEO:
Speaking at a recent company event, Samsung Electronics CEO Kwon Oh-hyun has publicly commented on the crisis situation that the company itself into following the second recall and discontinuation of the Galaxy Note 7.

When Samsung announced the Galaxy Note 7, the handset was shaping up as a fierce competitor in the premium sector of the smartphone market, a perception that bumped Samsung Electronics shares to new records. Two recalls later, Samsung was forced to kill off the Note 7. What initially appeared to be a commercial success quickly morphed into an endeavor that has severely damaged Samsung's short term profit and reputation. 

Top-ranking Samsung execs have generally steered away from issuing public comments on the Note 7 fiasco, which is why we find Kwon's comments particularly interesting. While Kwon was a bit vague in his speech, the head of the division said that the recent events were an appropriate "opportunity to reflect". Kwon made his remarks at an event that marked Samsung Electronics' 47th anniversary. 

A fresh report by Reuters quotes Kwon Oh-hyun speaking at a recent company event:


Interestingly, Kwon did not explicitly mention the Galaxy Note 7, referring instead to the fiasco as 'this crisis'. That's one accurate word to describe the chain of negative events that the Note 7 recalls and discontinuation have unlocked:

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12 Comments

1. Xperia14

Posts: 1208; Member since: Sep 01, 2015

If they can build upon the already excellent S7 and Note 7 then I'm sure that they'll be fine.

2. darkkjedii

Posts: 31280; Member since: Feb 05, 2011

Well Samsung, the gauntlet has been laid, and 2017 approaches. We simply need you all to put your money where your mouth is.

3. ibend

Posts: 6747; Member since: Sep 30, 2014

Tim Cook: "We have a long history of deflecting crises"

4. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Yep, that's why Apple is worth more than the entire Samsung conglomerate combined, simply by deflecting crises.

5. iushnt

Posts: 3122; Member since: Feb 06, 2013

It's not worth more than that

8. CellPhone

Posts: 7; Member since: Mar 25, 2013

It's worth more than an explosion.

11. ctdog4748

Posts: 797; Member since: Mar 05, 2016

Uhh, yes Apple is worth more. Look it up.

10. lpratas

Posts: 398; Member since: Nov 09, 2011

You are mistaken because the Samsung conglomerate have more profits and produce more things than Apple. And is a bigger company.

12. Marienx

Posts: 120; Member since: Aug 27, 2013

OMG.... ROFL!!!

6. fyahking

Posts: 1146; Member since: Jan 28, 2015

Crisis?

7. Settings

Posts: 2943; Member since: Jul 02, 2014

Yes, minority workers, underpaid and overworked jobs, bribery, https://youtu.be/4eD0cyLlGYo

9. Subie

Posts: 2381; Member since: Aug 01, 2015

I wish he also would've announced that they have pinpointed the problem with the Note 7 and have made amends for all future designs... I think they'll most definitely have address that issue before they announce the S8 next year. Because the Press will be asking if they don't. Looking forward to see what innovation they're working on too!

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