Samsung Elec forecasts higher earnings in 2017 but warns of political risks
Company, which saw 50% surge in Q4 profit, is counting on chip market to continue driving growth
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Seoul
SAMSUNG Electronics Co Ltd on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings glossed over the Note 7 smartphone fiasco in the fourth quarter.
The South Korean tech giant and Apple Inc rival is embroiled in an influence-peddling scandal surrounding President Park Geun-hye, with five Samsung Group executives already grilled by prosecutors and investigations ongoing.
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