More than 400 employees were present to commemorate the milestone, together with the Company’s executive team including Kinam Kim, Vice Chairman & CEO of Device Solutions (DS) Division, Hyunsuk Kim, President & CEO of Consumer Electronics (CE) Division, Dongjin Koh, President & CEO of IT & Mobile Communications (IM) Division.

Vice Chairman Jay Y. Lee, through a video message, extended his gratitude to all Samsung employees for their dedication over the past 50 years and emphasized the Company’s commitment to build upon its legacy and become a Centennial company.

“The past 50 years were only possible thanks to the dedication and hard work of each and every one of you,” said Vice Chairman Lee. “Looking to the next 50 years, let’s free our imaginations and dream of an extraordinary future.”

Underscoring Samsung’s pledge to contribute to the global society through innovative technologies, Vice Chairman Lee said, “Applying our new technologies, let’s build a healthier and happier future. By sharing and growing together we will become the very best in the world.”

Executives and Employees Look Forward to Building a Worthy Legacy

At the anniversary event, executives and employees marked the achievements over the past half-century and pledged to embark on a new journey toward a leading Centennial company.

Kinam Kim, Vice Chairman & CEO of DS Division, shared three key goals towards Samsung’s continued growth in the next chapter of the Company’s life.

“Unpredictable change, driven by material shifts in demographics and consumer behavior, will be a hallmark of the next era of the technology industry,” he noted. “So to ensure our survival in the new era, we must pursue relentless self-innovation. We must never cease to learn, be bold and fearless in our pursuits and execute thoroughly when undertaking all our tasks.”

The second goal reflects the Company’s philosophy of always putting the customer at the heart of its business. “By staying ahead of their needs and expectations and by finding ways to thrive in evolving markets, we can continue to ensure that customers are at the center of our business,” stressed Vice Chairman Kim.

Finally, “Let us all work together to help Samsung continue to evolve into a company that contributes to a better world and stay a respected and beloved company for future generations,” he said. “I ask that all of us not forget our responsibilities as good corporate citizens in the journey.”

Samsung executives and workers around the world have been engaging in volunteer work in recent weeks to give back to their communities, in a more meaningful way to mark the Company’s anniversary and show appreciation. The activities include donation campaigns and education projects for young students.

Samsung Electronics is making a concerted effort in the United States, Europe and China – markets that are well-equipped with infrastructure for the development and transmission of renewable energy – to increase its use of renewable energy. As part of this effort, Samsung plans to source renewable energy for 100% of the energy used for all of its factories, office buildings, and operational facilities in the United States, Europe and China by 2020. In the medium to long-term, the company will seek to further increase its use of renewable energy around the world.

In line with this commitment, Samsung Electronics has joined the World Wildlife Fund’s (WWF’s) Renewable Energy Buyers’ Principles and the Rocky Mountain Institute’s Business Renewables Center.

In Korea, Samsung Electronics fully supports the government’s national strategic plan to increase the country’s renewable energy use by 20% by 2030. Beginning this year, as an initial commitment, Samsung will additionally install approximately 42,000㎡ of solar panels in Samsung Digital City, its headquarters in Suwon. The company will continue to add approximately 21,000㎡ of solar arrays and geothermal power generation facilities beginning 2019 in its Pyeongtaek campus and 2020 in its Hwaseong campus.

With these efforts in place, Samsung Electronics is positioned to increase its use of renewable energy globally to match the equivalent amount of energy created by an average 3.1GW solar power plant by 2020. This amount of electricity is comparable to the annual energy consumption of about 115,000 four-person Korean households.

As part of its extended strategy, Samsung Electronics will also engage its partners across the supply chain. Beginning next year, Samsung plans to work with its top 100 partner companies to help them set their own renewable energy targets, in partnership with the Carbon Disclosure Project Supply Chain Program, which the company intends to join next year.

“Samsung Electronics is fulfilling its duty as a corporate citizen by expanding and supporting the use of renewable energy. As demonstrated by our expanded commitment, we are focused on protecting our planet and are doing our part as a global environmental steward.” said Won Kyong Kim, Executive Vice President and Head of Global Public Affairs, Samsung Electronics.

“We welcome Samsung Electronics’ declaration to expand the roll-out of renewable energy across its global sites,” said Jochem Verberne, Global Partnerships Director, WWF. “This is an important step and we look forward to working with Samsung on further measures to reduce the company’s climate impact across its value chains.”

Further details regarding the company’s renewable energy plans will be available in the Samsung Electronics Sustainability Report 2018 on June 15.