Samsung Chairman Advocates for Bold Investments in Malaysia Visit

SEOUL — During a recent trip to Malaysia, Samsung Electronics Co. Chairman Lee Jae-yong underscored the necessity of aggressive investment strategies. This marked his first international journey following a legal exoneration on February 5, related to a contentious merger in 2015 intended to consolidate his control over South Korea's largest conglomerate.

According to Yonhap News Agency, Lee's visit to Samsung SDI's battery production facility in Seremban, located 65 kilometers south of Kuala Lumpur, was aimed at reinforcing the company's commitment to innovation rather than short-term gains. He highlighted the ongoing construction of a new production line, representing an investment of 1.7 trillion won ($1.2 billion), initiated in 2022.

Additionally, Lee's itinerary included a stop in Kuala Lumpur to gauge consumer reactions to Samsung's latest Galaxy S24 smartphone, further emphasizing the conglomerate's focus on market responsiveness and technological advancement.

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