Citing Yonhap News Agency, the report said Samsung could make a final decision as early as this month, then brief business partners and local employees and gradually sell off inventory, with the aim of ending sales completely by year’s end.
The company plans to keep its local production system for appliances such as refrigerators, washing machines and air conditioners, and use it as a supply hub for nearby countries, the report said.
Samsung was quoted by the newspaper as saying, “Nothing has been decided.”
On April 15, Yong Seok-woo, head of Samsung Electronics’ Visual Display business, addressed reports in Chinese media that the company was considering scaling back its appliance and TV business there. He said it was true the China business was difficult and that the company was reviewing options and the process was ongoing.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.