November 22, 2024

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[THE INVESTOR] Editor's Note: Samsung Electronics on April 27 announced robust earnings in the first three months of this year on upbeat sales of chips and displays. 

In a conference call, officials answered key questions about a series of ongoing issues, including the red-tinted screen of the Galaxy S8 and dropping its holding firm plans. Here is what the company said. 

Related:
Here’s why your Samsung Galaxy S8 looks red
Samsung plans software update for Galaxy S8 to address reddish screens


Q: Can you call the red-tinted screen of the Galaxy S8 a defect? 

A: No. There could be some natural differences in the color expression of the OLED panel. The issue can be resolved by the planned software update to balance colors.

Q: Why did you decide not to set up a holding firm? 

A: We see little incentives to push ahead with the scheme. A holding company could weigh on the company’s operations in the long term rather than helping strengthen our competitiveness.

Q: What did Vice Chairman Lee Jae-yong say about the decision?

A: He was informed about the agenda discussed at today’s board meeting but didn’t make any specific comment.

Q: Any plans to solve the cross-shareholding structure? 

A: It would take more time considering the issue should be discussed across all subsidiaries and affiliates (that used to be handled by the now disbanded control tower Future Strategy Office). We will complete the process in a way to minimize the impact on the market.

Q: Do you have any plans to roll out OLED TV?

A: We are continuing related research and development. Our priority is maintaining our leadership in the ultra-large TV market and securing higher profits.

Q: What is the production schedule for the fifth-generation V-NAND chip?

A: The development is still ongoing. Nothing has been decided yet.

By Kim Young-won (wone0102@heraldcorp.com)