Media Reports that Samsung Electronics Will Sell Samsung Medison Are Entirely Groundless

Some Korean media allegedly reported that Samsung Electronics has sought to sell Samsung Medison, a medical equipment subsidiary of Samsung Electronics, and conducted internal management review to proceed its sale.

However, Samsung Electronics has no plan to sell Samsung Medison and there has been no such internal review for sale as the report claimed.

The report inferred the basis of the possible sale that the Head of Health & Medical Equipment Business used to take the CEO role of Samsung Medison but the CEO post has been vacant.

The President of Health & Medical Equipment Business of Samsung Electronics, Mr. Dong Soo Jun, is currently overseeing the business of Samsung Medison and expected to be an official CEO of Samsung Medison through a legitimate process at the general shareholders’ meeting and board meeting.

Samsung Electronics considers the medical equipment business one of core businesses and is committed to expanding the business with Samsung Medison.

Dong Soo Jun
President of Health & Medical Equipment Business