Former Samsung Electronics Chairman Kwon Oh-hyun: 'The semiconductor industry will grow for the next ten years... A leader who can seize the future is needed'
Kwon Oh-hyun, former chairman of Samsung Electronics, emphasizes the need for visionary leadership in the semiconductor industry at a recent press conference, noting that the industry is poised for growth over the next decade despite existing challenges.
Kwon Oh-hyun, who previously served as the chairman of Samsung Electronics, describes himself as an 'atypical manager,' emphasizing his unconventional approach to leadership that contrasts with the typical corporate norm of rigorous management. In a recent press conference, he highlighted his role in establishing Samsung's semiconductor 'super gap' - a term that refers to the company's technological and production lead over competitors. He argued that the current business environment demands leaders who can navigate uncertainties and invest in long-term future growth rather than merely focusing on immediate profits. Kwon's reflections come as he promotes his new book, 'Again, the Super Gap,' where he critiques existing systems and leadership styles that he believes hinder innovation in South Korea's economy.
He pointed out that existing educational systems and regulations in South Korea are significant barriers to nurturing future talent and fostering innovation. Kwon draws parallels with European and Japanese systems, asserting that these countries, like South Korea, are trapped in a 'growth stagnation pit' due to similar regulatory frameworks. He advocates for a re-examination of these systems to better prepare for future challenges, suggesting that without substantial reform, the necessary conditions for growth are unlikely to materialize.
Kwon, a semiconductor expert, also provided an optimistic outlook for the industry, predicting significant growth over the next ten years. He noted that the current landscape is vastly different from the 1980s and 90s when many players were involved in the semiconductor market. Now, he asserts, the market features few competitors capable of producing at the level necessary for success, namely TSMC and Samsung. He underscored the importance of protecting Samsung's foundry business, despite its ongoing challenges, insisting that with prudent management, it can continue to thrive in the competitive semiconductor landscape.