Samsung chief departs for Vietnam

October 30, 2018

SEOUL, Oct. 30 (Yonhap) — Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of top South Korean conglomerate Samsung, departed for Vietnam on Tuesday for his seventh overseas trip since being released from prison in February.

Sources said Lee plans to visit Samsung Electronics’ Vietnam-based smartphone factory and hold meetings with officials from the Vietnamese government as well as business partners.

He is widely expected to meet Vietnamese Prime Minister Nguyen Xuan Phuc during his trip to the Southeast Asian country.

Lee declined to respond to reporters at Gimpo International Airport ahead of his departure when asked about the purpose and other details of his trip.

The Samsung heir-apparent was released from prison in February after serving nearly a year due to his alleged links to a political scandal that ousted former President Park Geun-hye from office.

Industry watchers said the latest trip centers on reviewing Samsung’s strategy for its smartphone business, which has been facing challenges recently due to the rise of Chinese rivals.

Samsung Electronics Vice Chairman Lee Jae-yong (Yonhap)

Samsung Electronics Vice Chairman Lee Jae-yong (Yonhap)

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