Samsung Electronics is considering withdrawing its TV production lines in India. as the Indian government began to impose tariffs on TV parts. According to industry watchers and foreign news reports on September 4, Samsung Electronics is considering a gradual withdrawal of its TV production lines fr
NH Nonghyup Bank will take over a Cambodian financial company and begin full-scale operation.The Korean bank announced on August 22 that it received final approval from the Cambodian Central Bank and the Department of Commerce about the acquisition of SAMIC, a local microcredit company. NH Nonghyup
Lee Jae-yong, vice chairman of Samsung Electronics, announced a large-scale investment plan on August 8 after keeping a low profile for a long time. “We have decided to expand new investments and recruitment to vitalize the Korean economy and nurture new industries,” a Samsung official said on the d
On July 9, South Korean President Moon Jae-in attended Samsung Electronics’ new smartphone factory completion ceremony in Noida, Uttar Pradesh Province in northern India. While greeting President Moon, Samsung Electronics vice chairman Lee Jae-yong bowed deeply at the waist several times. I wonder h
The second war between Samsung Electronics Co. and Chinese smartphone manufacturers, such as Xiaomi, Huawei, Oppo and Vivo, for the Indian market to win the 1.3 billion population has just begun. Samsung Electronics had the largest share of the Indian market until last year. However, the company had
Lee Jae-yong, vice chairman of Samsung Electronics, attended a ceremony for the opening of a new factory in Noida, Uttar Pradesh in northern India on July 9 (local time). During the ceremony, Lee met key local political and business leaders including Prime Minister Narendra Modi and discussed ways f
South Korean President Moon Jae-in will meet with Samsung Electronics Vice Chairman Lee Jae-yong at a ceremony celebrating the completion of the company’s mobile phone and consumer electronics manufacturing plant in Noida, India on July 9. The President is currently staying in India with his economi
According to the automobile industry on February 11, Hyundai Motor is planning to launch nine models including electric cars by 2020, and will assemble and produce electric cars locally beginning next year ahead of Suzuki."While predicting that the Indian government promoting the spread of eco-frien
Samsung Electronics is making an aggressive investment for new growth engine business items after semiconductors. As Lee Jae-yong, vice chairman of Samsung Electronics, was released on probation, it is expected that such aggressive investment will accelerate.According to industry sources on February
Xiaomi shows a remarkable growth in India, which is rapidly growing and the largest smartphone market in the world.Samsung Electronics is still the unchallenged leader in the market. However, market watchers say that the company should urgently come up with a specialization strategy for Indian consu
Samsung Electronics Co. is planning to make 40 billion rupee (US$620.84 million) worth of investment in India to double the production of smartphones in the South Asian country.According to governmental and industry sources in India on June 4, the Indian division of Samsung Electronics will expand i
Samsung Electronics Co.'s share of the Indian refrigerator market exceeded 30 percent last year.According to the Korea International Trade Association (KITA) and India media reports on March 3, The company surpassed 30 percent of the market share in 10 years after posting a 17.2 percent share in 200
According to industry sources, Samsung Electronics is planning to hire more than 300 engineers before the end of this year at its R&D centers located in India.It is likely that Samsung Electronics, in doing so, will become the company employing the largest number of this year’s Indian Institute of T
Lee Jae-yong, vice chairman of Samsung Electronics who emerged to the fore by assuming the title of a registered executive director paid a courtesy call on Narendra Modi, prime minister of India on September 15 (local time). According to the Indian Prime Minister’s Office, an Indian corporation of S
A strike at the LG Electronics’ factory in India is putting a severe strain on production of home appliances ahead of the festival sales season.Around 400 workers at LG’s plant in Greater Noida in Uttar Pradesh have went on strike on July 11 (local time), as some workers, who had demanded reduction
LG Electronics plans to release new low-end smartphone models called the Make In India and True 4G, which are manufactured in India, at Ashok Hotel in New Delhi on Apr. 14. As the company will release the LG G5, a strategic model for the Indian market, next month, it will target the market ranging f
Samsung Electronics is currently manufacturing 50 percent of its mobile phones in Vietnam and only 8 percent in Korea.At present, Samsung Electronics is running six mobile phone manufacturing facilities in the six countries of Vietnam, China, India, Brazil, Indonesia, and Korea. The two plants in Vi
With the competitive landscape for smartphones changing from the premium to the low-end market, Samsung Electronics is stepping up its efforts to lessen its heavy reliance on the Chinese market.According to industry sources on Oct. 22, Samsung is working to expand mobile phone facilities in the nort
Samsung Electronics is building a mobile phone manufacturing plant in Indonesia in a bid to improve its price competitiveness by expanding overseas production and better penetrate emerging mobile markets, which are considered to hold the key to breaking the stagnation of the growth of the global sma