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August 23, 2019

Top Samsung exec says global trade tensions could hurt biz

PUBLISHED : August 08, 2019 - 13:38

UPDATED : August 08, 2019 - 13:38

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Samsung Electronics’ mobile chief said on Aug. 8 that Japan’s export curbs wouldn’t affect launches of its upcoming premium smartphones but warned of their potential impact if they are prolonged.

Koh Dong-jin, the chief of Samsung’s IT and Mobile Division, expressed concerns over rising uncertainties from the escalating trade war between the United States and China and, more recently, Japan’s stricter export controls on South Korea. 


Early this week, Japan promulgated a revised bill to remove Korea from its whitelist of trusted trading partners, which goes into effect on Aug. 28, following its July 4 export control measures on three materials used in chips and displays.

“We have secured three to four months stockpiles of (smartphone) parts in the run up to Japa’‘s whitelist decision, so it won’t affect launches of Galaxy Note 10 and Galaxy Fold,” Koh said in a meeting with reporters following the Unpacked event held in New York.

“When considering the fourth-tier vendors, it is hard to predict what will happen three to four months after. If (the trade tension) is prolonged, it would inevitably affect (our business),” Koh said.

The Galaxy Note 10 will go on sale on Aug. 23, and the Galaxy Fold, Samsung’ first foldable device, will hit shelves in select markets next month.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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