21-03-2024

Samsung Engineering rebrands name to SAMSUNG E&A

Samsung Engineering, a world leading engineering solutions and project management company, announced today, that it will officially changes its name to 'SAMSUNG E&A'. The company name change to SAMSUNG E&A CO., LTD. was confirmed, during the 57’s general shareholders' meeting on 21 March 2024, where the change of articles of incorporation were passed. SAMSUNG E&A plans to reveal the new corporate identity (CI) in April.

Drawing on the unique heritage the company has built over 54 years, SAMSUNG E&A moves toward becoming a century-long company. SAMSUNG E&A embodies our vision and new identity for long-term success, as well as our values and commitment to future business expansion and innovation in business operations.

The ‘E’ stands for ‘Engineers,’ and it represents our strong asset in engineering technology but also our employees, the ‘enablers’ of our business, who will expand our future business value chain to the energy and environmental sectors and create a sustainable Earth and ecological future with a focus on innovation.

The ‘A’ signifies ‘AHEAD,’ embodying the values and determination as a first mover in the history of the Korean engineering industry, consistently at the forefront of change, and pioneering the future with a differentiated innovative execution.

The company explained that in the process of planning the future, including declaring the vision and establishing mid- to long-term strategies last year, it agreed that a new mission was needed that reflected the changed business environment and future scalability and decided to pursue this change of name.

Through this, the company is securing differentiated competitiveness by upgrading its execution system based on innovative technology, while accelerating its business development and securing preemptive technologies in the hydrogen and carbon neutral fields in the era of energy transition.

Last year, SAMSUNG E&A announced a new vision to become a company “Enabling a Sustainable Future Ahead”, and to achieve this, it established 3 policies, including differentiated performance patterns, solving social challenges with technology, and an organizational culture of respect, empathy, and communication.

Through this, the company is securing differentiated competitiveness by upgrading its execution system based on innovative technology, while accelerating its business development and securing preemptive technologies in the hydrogen and carbon neutral fields in the era of energy transition.

Meanwhile, Samsung Engineering started as Korea Engineering, Korea's first engineering company, in 1970, was acquired by Samsung Group in 1978, and was renamed to Samsung Engineering in 1991. The name to SAMSUNG E&A is changed after 33 years.

In his address at the general shareholders' meeting, Hong Namkoong, President and CEO of SAMSUNG E&A said, “Starting from this year, SAMSUNG E&A will take a leap forward to become a century-long company.” He further added, “SAMSUNG E&A with its new name, will further strengthen innovation processes and focus on preparing for the future by constantly implementing industry leading changes in preparation for the energy transition era.”

Meanwhile, SAMSUNG E&A announced that in addition to the change in the articles of incorporation, all agenda items, including approval of financial statements, appointment of directors and audit committee members, and approval of director remuneration limits, were approved during the 57’s general shareholders' meeting.