Samsung Electronics announced its annual structural reorganisation for 2015 and it’s evident the changes reflect the urgency in the mobile handset department. As part of these changes, the Media Solution Center (MSC) and the Global B2B Center (GBC) have been integrated into related organisations while a part of MSC is now a part of Mobile […]
Misc.
Hyunchil Hong is the new President of Samsung Southwest Asia
Hyunchil Hong has been appointed as the new President of Samsung Southwest Asia region. Hong takes over the responsibility from BD Park who held the position since 2012. Prior to this, Hong was the President of Samsung Electronics Latin America. Hong will be based out of Gurgaon, India that serves as a headquarter of the […]
Report: Three executives under JK Shin leaving Samsung
JK Shin may have retained his position under the management shuffle recently but it seems his subordinates weren’t that lucky. According to a report by Reuters, three deputy executives who report to JK Shin, have left the organisation following slow smartphone sales and low profitability. One of the departures include DJ Lee whose most recent […]
Samsung sells Fiber Optics Business to Corning
Samsung Electronics has confirmed to sell its Fiber Optics business to Corning Inc. Although the specifics are under wraps, the definitive agreement was reached between both the companies and the takeover by Corning is expected to be completed by end of first quarter 2015. Corning says the acquisition will help them to expand their portfolio […]
JK Shin retains his title as chief of mobile division
You don’t kick a person to the kerb during his bad times! Samsung seems to know this and have decided to retain JK Shin as the chief of mobile division. Under his helm, Samsung rose to the number one spot in the smartphone market but the top spot is in jeopardy considering slow sales of […]