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Samsung Electro-Mechanics Holds 45th Anniversary Celebration

2018-11-01


On November 1st, Samsung Electro-Mechanics (CEO Yun-tae Lee) hosted an official anniversary ceremony and various other events to commemorate the company’s 45th anniversary.


At the ceremony, CEO Yun-tae Lee commended the hard work of Samsung Electro-Mechanics employees, stating, “We had a good 45-year run during the first half of a century because of the hard work of our predecessors and yourselves. We created a solid foundation for becoming a world-class components company by securing core capabilities through change, innovation, and facing challenges.”
He went on to say, “We must adopt a Back to the Basics attitude to turn the current Samsung Electro-Mechanics version 1.0 into version 2.0. Let us focus on the factory floor that is the backbone of the manufacturing industry, executing our goals no matter what, and meticulously analyzing market and technology mega trends in order to prepare for the future.”


Samsung Electro-Mechanics celebrated its 45th anniversary with a grand event. Forty-five outstanding employees were selected and awarded the CIC (Change Innovate Challenge) prize. These employees were rewarded with opportunities to tour and explore places undergoing great change, places such as Shenzhen, China, Singapore, Germany, and Silicon Valley, in order to experience first-hand the values desired by customers, the competitive landscape of intense markets, and think about how they should prepare themselves.


There was also a History Photo Exhibition that showcased the wide range of photos employees have kept for the past 45 years; a digital version was also created so that the company’s history could be shared with our overseas offices. Former CEOs (Jong-yong Yun, Hyung-do Lee, Ho-moon Kang, etc.) shared their advice and recommendations via taped interviews.


Samsung Electro-Mechanics also initiated a variety of social contribution activities. In particular, CEO Yun-tae Lee visited the Suwon Global Youth Dream Center, a center that was established in 2016 with employee donations, to deliver a “Dream Talk” in which he gave advice as a life mentor about future career paths for multicultural youths. He also gifted ping-pong tables, hockey tables, and other workout equipment to the center.


※ Samsung Electro-Mechanics was established in 1973 in an effort to localize electronic component production, with full manufacturing operations for TV components (tuners, deflecting coils, high-voltage transformers) commencing on November 1st of that year. At the time of establishment, Samsung Electro-Mechanics had 900 employees and generated KRW 78 million in revenue; the company is now a global enterprise with 11,700 employees in Korea and 25,000 employees overseas that work in 5 plants in Korea and seven plants overseas, generating a total of KRW 6.8 trillion in revenue.


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