Samsung Electronics warns of tough 2016
CEO tells staff to expect weak global growth and greater competition in New Year message
Seoul
SOUTH Korean tech giant Samsung Electronics Co Ltd said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in key businesses including memory chips and smartphones.
In a statement on Monday, Samsung said chief executive Kwon Oh-hyun told employees in a New Year's address that low global growth will persist this year, with greater uncertainty stemming from issues such as financial risks for emerging countries.
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