Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Samsung Electronics revealed on Tuesday, Dec. 7, that it will be unifying its mobile and consumer electronics divisions which means these will become just one unit within the company.
Samsung Electronics is making this move as it will not be focusing more on the development and expansion of its logic chip business. According to Reuters, this strategy is also an indication of a big change in the company that has been known as the largest smartphone and smart chip manufacturer in the world.
It is also notable that the changes are gradually taking place internally after Lee Jae Yong, Samsung’s vice chairman, has returned to the office and resumed his works after months of imprisonment for his guilty conviction for bribery. He was paroled and released from prison in August after being detained since the start of this year.
With Lee’s return, Samsung is focusing on semiconductors, robotics, biopharma, and artificial intelligence. It was reported that the South Korean company has plans of investing ₩240 trillion or around $206 billion in these areas in the next three years.
At any rate, as Samsung merges its mobile and electronics units, it also formally announced changes in the company’s leadership. For the newly-formed division that has resulted from the merging, Han Jong Hee, has been tasked to lead the group.
Moreover, Han was the firm’s head of visual display business and was also promoted to become co-CEO and vice chairman at Samsung. The chief executive officer of Samsung Electro-Mechanics, Kyung Kye Hyun, was also appointed as co-CEO of Samsung Electronics and will be leading the chip and components division, as per Pulse News.
Kyung will be replacing Kim Kinam, who served as vice chairman and co-CEO of the device solution division. Kim will be transferred to Samsung Advanced Institute of Technology as its chairman.
“Samsung Electronics today announced its new leadership for the next phase of the Company’s future growth and to strengthen its business competitiveness,” the company stated in a press release that was published on Tuesday, Dec. 7.
Meanwhile, the other leaders who were promoted by the company are Park Yongin, Park Hark Kyu, Choi KS, and Kang In Hyup.
