The Korea Times reported that a Samsung employee stated that 'If China exerts maximum pressure, it may cause changes in its industrial policy. Samsung is facing various pressures from China, so it must prepare in advance for further adverse circumstances. (Meeting) The second topic to be discussed is the weak growth of smart phones and how to restore the growth of television and OLED panel business.
Each year, Samsung holds a corporate conference in June and December to measure and evaluate Samsung's global operations. Samsung's three business units - electronic components, information technology (IT) and mobile phones, and consumer electronics products, will each Meet on June 22, 25 and 26
The employee who spoke on condition of anonymity also said that while Samsung is going to handle many internal and external issues, participants will also discuss how to maintain profitability.
Another Samsung executive said, 'Samsung has prioritized career development, but (now) we must think about how to be sustainable (business) for a long time and look beyond the annual report next year. To grow your business, you need to be the most suitable. Intellectual capital, specific strategic partners, and services and products needed by the market, China is a place of opportunity, but Samsung's problem is that China is demanding the patents of Samsung smartphones, displays and semiconductors.
The measures that the Chinese government has promoted over the past few years have helped the development of local companies, but at the expense of sacrificing multinational companies such as Samsung.
Samsung is China’s largest foreign investor and has invested more than US$14 billion. However, the large scale of the Chinese market also means that as long as government policies or consumer demand changes are minor, it will affect Samsung’s profitability.