Samsung co-CEOs urge tech recovery, cost discipline ahead of 57th anniversary

What happened: Ahead of Samsung Electronics' 57th anniversary, co-CEOs Jun Young-hyun and Roh Tae-moon issued separate messages urging technological recovery and tighter cost discipline, with no formal ceremony planned. Key numbers: Third-quarter operating profit was a record 107.44 trillion won ($80.5 billion). Why it matters: Jun warned that record profits do not mean full recovery of technological competitiveness and said no one knows how long the AI chip boom will last. Roh called for cost controls and new growth engines as the consumer business stays in loss.

Ahead of Samsung Electronics' 57th anniversary, co-CEOs Jun Young-hyun and Roh Tae-moon issued separate messages urging technological recovery and tighter cost discipline, with no formal ceremony planned.

Jun warned that record profits do not mean full recovery of technological competitiveness and said no one knows how long the AI chip boom will last. Roh called for cost controls and new growth engines as the consumer business stays in loss.