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Lee Jae-yong Returns from Trip to Hong Kong, Japan
Focus on Auto Electrical Parts
Lee Jae-yong Returns from Trip to Hong Kong, Japan
  • By Michael Herh
  • June 11, 2018, 14:35
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Samsung Electronics vice chairman Lee Jae-yong met with automotive parts suppliers in Japan, including Ushio Inc. and Yazaki.

Samsung Electronics vice chairman Lee Jae-yong flew in to Gimpo Airport, Korea June 11 on a civil aircraft after leaving for Hong Kong May 31 and making a stop in Japan.

Lee was released from prison after appeal on probation in February. Henceforth, he chose Hong Kong and Japan as the destinations of his third business trip abroad. This business trip also reads as a movement to meet up with global business partner companies and review the global market. Particularly in Japan, sources have commented that he met with partners in the automotive electrical parts industry, which is a new growth driver for Samsung Electronics.

A Samsung Electronics official stated, “Lee met with automotive parts suppliers including Ushio Inc. and Yazaki Corporation for in-depth discussions regarding collaboration in new growth industries such as the automotive electrical parts industry.”

Ushio Inc. is a special lightning equipment company established in 1964. It holds the world’s top technology in exposure lamps for liquid-crystal display (LCD) systems. It has approximately 5,800 employees and recorded sales exceeding 1.7 trillion won last year. Recently it has been expanding its operations to optical medical equipment.

Yazaki Corporation is Japan’s largest automotive parts supplier. It is known for its global competitiveness in automotive electrical parts including battery, communication cable and head-up display (HUD).