Samsung Announces New Company Wide Reforms
The plan will be led by Samsung Electronics Vice Chairman Lee Jae-yong, who recently returned to South Korea after visiting the US. This was the executive’s first overseas trip after serving a bribery sentence, according to The Korea Herald (via). Under this proposal, the company will bring a revamped personnel management system beginning January 1, 2022. The move will also involve the abolishment of specific requirements for employee promotion. Currently, an employee is eligible for promotion only after working for a minimum of eight to 10 years....