Real Reality
Joined: 10 Jan 2003
Location: Seoul
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 Posted: Mon Feb 28, 2005 10:04 pm Post subject: Outlook for Its Key Businesses Was Not Good |
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Samsung Electronics, the world's top maker of memory chips, said Monday the outlook for its key businesses was not good due to slower global economic growth and sluggish domestic consumption.
"The world economy is facing slower growth this year and the domestic consumption is still sluggish. So there are big risk factors going forward. The outlook for our key businesses is not good," said Yun Jong-yong, Samsung's vice chairman.
Samsung Card, South Korea's second-biggest credit card firm, is suffering from a soured consumer credit boom and wants to raise capital ahead of a tightening of provisioning rules by financial regulators.
By Reuters (CNET News.com)
http://news.com.com/Samsung+warns+about+poor+business+outlook/2100-1004_3-5592101.html |
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