Geesung Choi, Vice Chairman and CEO of Samsung Electronics opined that the electronics industry across the globe will become more competitive in the coming years.
Speaking at the 43rd Annual General Meeting of the company, he said: "Reorganization of the electronics industry will gain speed this year and global competition will intensify……"
The CEO added that Samsung is geared up to take up the new challenges of competition in the global workplace.
He further added: "To generate distinctive new value, the company will continually enhance the 'hardware competitiveness' of its core business areas and also work on increasing the competitiveness of such 'soft technologies' as software, design, and service. New growth momentum will be built for business areas that the company is fostering in order to develop fundamental competitiveness.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.