Samsung exec warns of ‘vicious cycle’ unless changes made, Bloomberg reports

Samsung’s chip business head Jun Young-hyun has warned that the company risks getting into a “vicious cycle” if the company does not revamp its workplace culture, Bloomberg’s Yoolim Lee reports. Samsung must take steps to eradicate communication barriers between departments and stop “hiding or avoiding problems,” he said in a staff memo seen by Bloomberg, adding that “We need to rebuild the culture of fierce debate that is unique to semiconductors… If we rely on the market without restoring fundamental competitiveness, we will be stuck in a vicious cycle that will repeat last year’s situation.”