Samsung Electronics to speed up `speed management`

Samsung Electronics has been making an aggressive investment for a new growth business after semiconductor. It is expected to accelerate the aggressive move as Lee Jae-yong, vice chairman of Samsung Electronics, is released on probation.

According to the industry on February 8, Samsung Electronics is planning to establish a global e-commerce center in Andhra Pradesh, India.

According to local media reports such as The Hindu, government officials including State Secretary Nara Lokesh, the son of Andhra Pradesh Governor of India, Chandra Babunai, met with vice president of e-commerce in Calamman Samsung Electronics North America in the United States. Discussed. The two sides are reported to have discussed ways to promote social contribution projects such as additional business cooperation and the establishment of schools for the underprivileged.

Samsung Electronics is one of China`s smartphone maker Xiao Mei. However, it has the largest market share in the domestic smartphone market. It operates a smartphone factory in Noida, Uttar Pradesh, northern India. Samsung Electronics is likely to broaden its business scope by paying attention to the growth of India, which is forecast to reach 7.4% this year.

Technology venture investment is also continuing. Juvo, a provider of mobile financial credit information services in San Francisco, USA, said on Monday that it has received strategic investments from Samsung NeXT, which is in charge of Samsung`s start-up investment. Details were not disclosed. The company, which offers real-time credit information services through smartphones, supports electronic payments and has more than 500 million subscribers on four continents.

An industry expert said, "As China`s pursuit of finished products such as smart phones, TVs, and household appliances is scary, we need to find a breakthrough in our service business centered on data and solutions." He stated.

Sohn Young-kwon, president of Samsung Strategic Innovation Center (SSIC), said in a CEO summit last October, "Samsung Electronics is now a data company."

Lee Jae-yong, in some business circles, seems to have a speedy attitude to aggressive new business investment, as he has created conditions to take direct management issues. In fact, immediately after the release of the vice chairman, Samsung Electronics has begun the construction of a basic frame to build a second production line of Pyeongtaek semiconductor factory, which will cost tens of trillion won. Samsung Electronics warns about the expansion, but many officials and business people think that the vice chairman`s attack investment has started.

Meanwhile, Jin Kyoung-young, the head of Samsung`s memory business, stated, "We are expected to be requested of the total investment scale and schedule of Pyeongtaek Semiconductor 2 Line as well.

By Park Jung Il comja77@


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