Previously, South Korean media reported that the actual head of the Samsung Group and Samsung Electronics was under trial, leading to important decisions made by companies such as Samsung Electronics, which may threaten competitiveness in the future. On Friday (September 1st), an executive from Samsung Electronics confirmed the report. The executive said that Li Zai’s absence from the company’s management has led to a suspension of important decisions. This made him very frightened. According to the Yonhap News Agency, this position was made by Samsung Electronics Co., CEO Yoo Fu-gen, who is also Samsung's top-ranking consumer electronics and home appliance business. Yin Fugen made the above statement to the media when participating in a consumer electronics show in Berlin. Yin Fugen said that in the absence of Vice Chairman Li Zaiyu, Samsung Electronics is currently in various troubles in formulating future investment plans and conducting business restructuring. Yin Fugen said that at present, the IT industry faces various challenges, but without Li Zaiyu present, it is difficult for the responsible persons of Samsung Electronics' businesses to reorganize their business and acquire or merge. The Samsung Electronics Co-CEO said that although the semiconductor business performed well, “we are worried that the absence of the vice chairman will have a negative impact.†Yin Fugen said: “I feel worried and frightened. For the development of Samsung Electronics in the next three to five years, business restructuring and mergers and acquisitions are very important, but now the decision has been suspended.†Li was already detained for several months because he faced a court trial. Last Friday, the Seoul Central District Court sentenced Lee to imprisonment for five years on charges of bribery and perjury. Li Zaijun’s lawyers have filed an appeal. In addition, the South Korean prosecutor originally requested the court to sentence him to 12 years in prison and considered that the five-year sentence was too light and he also filed an appeal. The Seoul Supreme Court is expected to re-trial the case in September. According to analysis by Reuters, because the Seoul Central District Court did not support the prosecution’s 12-year imprisonment requirement, Li’s lawyers are still likely to continue their plea at the appeal stage, reducing Li Zai’s sentence to three years or even reprieve. carried out. In this way, Li Zaiyu will be able to avoid jail time and return to the decision-making positions of Samsung Electronics and Samsung Group. The above-mentioned executive Yin Fugen said that prior to the court’s verdict on Friday, he had met with Li Zaiyu to discuss the internal work of Samsung Electronics. According to South Korean media reports, in the second quarter, Samsung’s strategic decision-making meeting only opened twice, and in the second quarter of last year, it was opened four times. In addition to the reduction in the number of meetings, Li Zai’s absence also caused some important decisions to be difficult. Made. However, it is worth mentioning that in the absence of Li Zaiyu, Samsung Electronics' business still performed well. In the second quarter, the company's profits reached the best results. The increase in the global price of memory chips drove Samsung's semiconductor business. Samsung's S8 flagship mobile phone, which was released in spring, also received big sales. At the end of August, Samsung once again released Note8, a new mobile phone in the fall. At the end of August, Samsung Electronics announced that it will add new factories to its flash memory manufacturing base in Xi’an, China, in order to further increase its production capacity. The total investment for this expansion project is US$7 billion. According to reports, Li Zaiyu, who was detained for trial, is still able to meet regularly with senior executives of Samsung Electronics. Whether the investment project of Xi’an’s US$7 billion has been approved by Li Zaiyu in the Seoul Detention Center has not yet been confirmed. Including the Samsung Group, South Korea has a large number of giant corporations that have an important influence on the country’s economic and foreign trade. The leaders of these chaebols have also been sent to the court several times in the past, but most of them have been suspended or are exempted by the Korean president. Including Li Zixi’s father Li Jianxi, almost no leader served his sentence in prison.