Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackSamsung
Samsung
Samsung is a South Korean multinational manufacturing conglomerate. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean business conglomerate.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
198213
Samsung Electronics is No.1 in handsets in Russia with 30% market share as of the fourth quarter of 2021. The first contract production was launched at the Kaluga enterprise of South Korean Samsung.
The Company Statement
June 23, 2023
Samsung Electronics suspended all shipments to Russia but continues operating r&d center in Moscow and collaborating with government science institutions sharing advanced technologies. Samsung Electronics said nothing had been decided after a newspaper reported the company https://www.reuters.com/technology/samsung-expects-return-russian-market-this-year-izvestia-newspaper-2022-09-14/ was expected to return to the Russian market this year, six months after suspending shipments following the invasion of Ukraine. The Russian authorities are "losing patience" with electronics manufacturers Samsung and LG and are preparing to ban their equipment in the country because they refuse to sell their plants in the Kaluga and Moscow regions. And although Russian vendors, including Lex, Kuppersberg, Schaub Lorenz and others, were actively interested in buying these capacities, they could not come to an agreement, since South Korean manufacturers do not give in on the price. Decreased revenue in 2023 vs 2022.
November 05, 2024 | Why does Samsung still operate in Russia? Diplomat explained the position of the official Seoul |
September 16, 2024 | Domestic manufacturer begins assembling monitors for the public sector at Samsung plant |
September 07, 2024 | Russian Paralympians Didn't Receive Samsung Sponsored Phones as Gifts at Paris Games |
July 03, 2024 | Samsung introduced new AI TVs |
June 24, 2024 | The first contract production was launched at the Kaluga enterprise of South Korean Samsung |
April 01, 2024 | Company: Samsung Electronics Rus (SERK, Samsung) |
March 11, 2024 | Departed brands resumed advertising activity in the Russian Federation |
February 21, 2024 | Subsidiaries of foreign IT companies will be denied access to benefits |
January 30, 2024 | Samsung, LG Differ from Hyundai in Handling Russian Appliance Plants |
October 27, 2023 | Sales of tablets in Russia increased by 30%, budget models are especially popular |
June 17, 2023 | The Ministry of Digital Development and the Ministry of Industry and Trade are discussing a ban on parallel imports of Samsung and LG smartphones |
May 31, 2023 | The way around the sanctions |
April 13, 2023 | Not all gold that rings: Smartphone manufacturers are determined using metals from the Russian Federation |
March 21, 2023 | Samsung phones are being adapted for Russia massively, but handicraft |
February 01, 2023 | Manufacturers of household appliances are trying to buy out the factories of companies that left the Russian Federation |
September 15, 2022 | Samsung says no decision after report it was returning to Russia |
August 25, 2022 | Sanctions futile: Samsung continues to work in RF - media |
May 17, 2022 | Samsung Research is collaborating with 16 R&D centers in 14 countries and 7 AI-dedicated centers in Korea, U.S., Canada, U.K., and Russia. |
March 05, 2022 | Samsung Elec says shipments to Russia suspended, donating $6 mln in aid |
March 05, 2022 | The suspension of Samsung supplies to Russia is temporary |
| Hiring in Samsung R&D Institute Russia |
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