Samsung Electronics appoints new TV chief amid mounting competition

SEOUL: Samsung Electronics, the world’s No. 1 TV maker,has replaced its TV head for the first time in more than two years, as it faces mounting competition from Chinese ‌rivals at ⁠home and ⁠abroad.

Samsung said in a statement on Monday that it has appointed Lee Won-jin, who was previously head of the Global Marketing Office, as the new head of its Visual Display Business, succeeding Yong Seok-woo, who will serve as an adviser.

Samsung usually carries ⁠out its ‌annual management reshuffle around December, and the company did not disclose the reason for the ⁠replacement.