Tech giant Samsung Electronics is considering creating a holding company in what would be the biggest shake-up in its 47-year history. The governance overhaul will include splitting the company into a holding firm and a producing and operating unit. The announcement comes as the electronics giant is seeking to ensure a smooth succession to Vice Chairman Lee Jae-Yong, scion of the parent Samsung group's founding Lee family.
The company is also struggling to contain the fallout from a global recall of its Galaxy Note 7 smartphone on exploding batteries, as well as a political scandal surrounding President Park Geun-Hye. Samsung aims to finish the split in May or June next year. But analysts are taking a cautious mood.