Business
Samsung chairman emphasises on rolling out 'bold' investment

Seoul, Feb 12
Samsung Electronics Chairman Lee Jae-yong has emphasised the importance of "bold" investments during a visit to Samsung SDI's battery production line in Malaysia, the company said on Monday.
The visit was made in Lee's first overseas trip since he was cleared of all charges in a court ruling on the controversial 2015 merger of two Samsung affiliates allegedly conducted to help him take over control of South Korea's biggest conglomerate.
"We should not be focusing solely on short-term performances, but rather lead changes by rolling out bold challenges," Lee was quoted by Samsung Electronics as saying during the visit to the factory in Seremban, 65 kms south of Kuala Lumpur.
Samsung has been building an additional production line in the region with a budget of 1.7 trillion won ($1.2 billion) since 2022, reports Yonhap news agency.
Lee also visited Kuala Lumpur to check local consumers' responses to the company's latest Galaxy S24 smartphone, the company added.
Last week, prosecutors appealed a recent court acquittal of Samsung Chairman Jae-yong in a controversial Samsung affiliate merger case.
The prosecution had demanded a five-year prison sentence for the chief of South Korea's largest conglomerate.
Meanwhile, Samsung’s fourth-quarter operating profit sank 34.4 per cent from a year earlier due largely to sluggish semiconductor business but its memory chip segment turned to the black on recovering demand.

1 hour ago
Baahubali producer Shobu Yarlagadda recalls tension he experienced prior to film's release!

1 hour ago
Malayalam actors Shine Tom Chacko, Vincy Aloshious reconcile after misbehaviour row

1 hour ago
Hindi-Marathi conflict: Udit Narayan says one has to respect all languages

1 hour ago
Actor Unni Mukundan's Instagram account hacked!

1 hour ago
Karan Johar: ‘Kyunki Saas Bhi Kabhi Bahu Thi’ changed the face of Indian television

1 hour ago
Shilpa Shetty Kundra reveals the novelty behind new season of ‘Super Dancer’

1 hour ago
Saiyami Kher: I’ve never thrived on external validation

1 hour ago
Jackie Shroff celebrates 36 years of action thriller ‘Tridev’

1 hour ago
It would be a dream come true to work with Suriya someday, says Love Marriage actress Meenakshi Dinesh

1 hour ago
Kajol talks about the evolution of ‘Bollywood Maa’: They were always strong for us

1 hour ago
India continues to outperform most of other economies: HSBC Mutual Fund’s Kailash Kulkarni

2 hours ago
BMW Group India appoints Hardeep Singh Brar as President, CEO

2 hours ago
Samsung estimates 56 pc drop in Q2 operating profit on chip slump, US trade policies