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After 10 years

16 0 0
18.06.2019
Businesses, government should cooperate to tide over crisis

"No company can say for sure they will be around 10 years from now." So said Samsung Electronics Vice Chairman Lee Jae-yong while presiding over a meeting of senior executives of his company's IT and mobile division last Friday. Lee's mentioning of crisis theory reflects the harsh reality facing the world's largest smartphone maker.

Samsung Electronics' operating profit in the first quarter plunged 60.2 percent from a year earlier, receiving a direct hit from plummeting memory chip prices. And the company cannot expect its bottom line........

© The Korea Times