Samsung Electronics has promised angry shareholders it will pursue “meaningful achievements” in deals this year to revive growth after the South Korean tech giant suffered market share declines across all its core businesses in 2024.
About 900 individual and institutional investors gathered at the company’s annual meeting in Suwon, south of Seoul, on Wednesday, unhappy with the company’s shares losing almost a fifth of their value over the past year despite a global boom in demand for artificial intelligence-related hardware that has boosted its competitors.
Co-chief executive Han Jong-hee issued Samsung’s latest apology for its weak performance, admitting to shareholders that its technological competitiveness had weakened in recent years.
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