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Samsung, SK, Hyundai increase organizations to respond to global uncertainties

Major conglomerates such as Samsung, SK and Hyundai Motors are actively establishing or expanding related organizations to respond to global uncertainties. The moves are intended to enable the conglomerates to respond better to the global market during an economic downturn, as it has a growing ripple effect on individual companies, according to industry officials, Friday.
Soult Ukpyolsi South Korea Global Research Center Samsung Securities Research Center Global Strategy Office Samsung Research

Conglomerates enter emergency management, reduce investments

Major companies are taking a conservative approach as the economy is taking a rapid downturn, by shrinking investments and production to cope with the surging inflation, high exchange rates and interest rates, according to company officials, Sunday. Major domestic companies have entered emergency management amid the worsening economic situation. On Sept. 29, LG held an offline CEO workshop for the first time in three years to discuss mid- to long-term management strategies. Samsung also discusse...
Soult Ukpyolsi South Korea Ch Ungch Ong Bukto Yoon Suk Yeol Hanwha Solutions Samsung Electronics

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