Related News
Shift to focus on electronics materials
Print Edition
Cheil Industries Inc, a unit of South Korea’s Samsung Group, said it would sell its fashion business to unlisted affiliate Samsung Everland in a strategic shift to focus on electronics materials.
The 1.05 trillion won (US$968.6 million) asset transfer comes as the group seeks to tighten its grip on electronics components and materials and ensure easy access to the latest technology as it battles global rivals such as Apple Inc in the rapidly changing mobile industry.
Cheil Industries, which began as a textile firm in 1954 before expanding into fashion in the 1980s and later into electronics materials, has seen its fortunes increasingly tied to the IT industry, due to its supply deals to Samsung Electronics Co.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
