Samsung, LG to overcome slump with premium lineups: shareholders' meetings
"Despite Samsung facing external challenges such as monetary uncertainties in the euro zone, the company posted an all-time high net profit and sales last year," Samsung Vice Chairman Kwon Oh-hyun told shareholders, Yonhap reports. Kwon said economic uncertainties sparked by the tapering of U.S. quantitative easing is likely to remain a major drag on its performance this year, while Chinese and Japanese rivals quickly catch up to stiffen competition. Samsung Electronics Co. pledges to ramp up efforts to expand sales this year through premium product lineup during its shareholders' meeting on March 14, 2014, Yonhap reports. "We will maintain our dominance in key businesses, such as mobile phones, TVs and memory chips, by rolling out premium lineups," Kwon said, adding the company will also expand investment in other areas as well. "Samsung will also establish a solid ground for new businesses such as medical instruments to further bolster its earnings," Kwon added. For full version go to
