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Samsung Electronics warns of tough 2016

CEO tells staff to expect weak global growth and greater competition in New Year message

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Published Mon, Jan 4, 2016 · 09:50 PM

    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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