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Samsung Names Park Hark-kyu to Lead Permanent Business Support Office as Chung Shifts to Adviser

The company says the shift stabilizes operations without reviving a groupwide control tower.

Overview

  • Samsung upgraded its business support task force into a permanent department and removed the task force label.
  • Vice Chairman Chung Hyun-ho stepped down from active management and will advise Chairman Lee Jae-yong.
  • A Samsung spokesperson said Chung aims to focus on nurturing future leaders as business conditions improve.
  • The company emphasized the reorganization is not a return to the defunct Future Strategy Office, which previously served as a control tower after its closure led to the task force’s launch in 2017.
  • Additional appointments include Choi Yoon-ho to lead strategy for the unit, Joo Chang-hoon to oversee audits, and Moon Hee-dong to head the People team, with Samsung citing organizational stability and efficiency.