Samsung to Shift Strategic Focus in China
Samsung has decided to change its focus in China from a production base and strategic
market to a premium brand market, and adjust management and marketing strategies
accordingly.
The group made the decision at a strategic meeting in Beijing on Monday
and Tuesday where it reviewed its long-term designs for the worlds most populous
market.
The meeting was attended by some 50 executives of the group including Samsung Electronics president Choi Doh-seok and executives from the groups Chinese offices including Park Geun-hui, the president of China headquarters.
Samsung posted sales of US$24 billion in China last year, accounting for 22 percent of its total overseas revenues.
The meeting was attended by some 50 executives of the group including Samsung Electronics president Choi Doh-seok and executives from the groups Chinese offices including Park Geun-hui, the president of China headquarters.
Samsung posted sales of US$24 billion in China last year, accounting for 22 percent of its total overseas revenues.