SME Times is powered by   
Search News
Just in:   • Piyush Goyal reviews reforms to simplify clearances for industry, improve ease of doing biz  • “Building better sports facilities through quality, performance, and innovation in synthetic sports flooring.”: Sammir Kapoor  • “Reliable power solutions begin with engineering excellence and a commitment to performance.”: Vivek Panchal   • FM Sitharaman pushes for early India-US trade deal  • Seoul stocks extend losses as AI, US inflation concerns persist 
Last updated: 12 Feb, 2024  

Samsung.9.Thmb.jpg Samsung chairman emphasises on rolling out 'bold' investment

Samsung.9.jpg
   Top Stories
» FM Sitharaman pushes for early India-US trade deal
» Indian equity markets open higher despite weak global cues; IT and FMCG shares lead
» Over 21,000 coir units register on 'Udyam' portal, exports surge 305 pc in a decade
» India must build critical materials ecosystem for chip industry: Vaishnaw
» Sensex, Nifty open flat; IT and realty stocks lead gains
IANS | 12 Feb, 2024
Samsung Electronics Chairman Lee Jae-yong has emphasised the importance of "bold" investments during a visit to Samsung SDI's battery production line in Malaysia, the company said on Monday.

The visit was made in Lee's first overseas trip since he was cleared of all charges in a court ruling on the controversial 2015 merger of two Samsung affiliates allegedly conducted to help him take over control of South Korea's biggest conglomerate.

"We should not be focusing solely on short-term performances, but rather lead changes by rolling out bold challenges," Lee was quoted by Samsung Electronics as saying during the visit to the factory in Seremban, 65 kms south of Kuala Lumpur.

Samsung has been building an additional production line in the region with a budget of 1.7 trillion won ($1.2 billion) since 2022, reports Yonhap news agency.

Lee also visited Kuala Lumpur to check local consumers' responses to the company's latest Galaxy S24 smartphone, the company added.

Last week, prosecutors appealed a recent court acquittal of Samsung Chairman Jae-yong in a controversial Samsung affiliate merger case.

The prosecution had demanded a five-year prison sentence for the chief of South Korea's largest conglomerate.

Meanwhile, Samsung’s fourth-quarter operating profit sank 34.4 per cent from a year earlier due largely to sluggish semiconductor business but its memory chip segment turned to the black on recovering demand.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹96.5
₹94.8
UK Pound
₹132.25
₹128.15
Euro
₹113.6
₹109.8
Japanese Yen ₹61.3 ₹59.45
As on 03 Sep, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter