And Brexit for all: Samsung may happen to leave its London headquarters

And Brexit for all: Samsung may happen to leave its London headquarters
Well, the "Brexit" vote came and went, and if the will of the people that voted for England to leave the EU is indeed taken into account by the parliament, we may see a genuine commotion in the business world. Not only is the London stock exchange in free fall, and the pound losing value by the hour, but on top of all this major companies are considering relocating their businesses and headquarters away from the British island.

One of those companies is none other than Samsung, reports Korean media today, as it is considering to move its London offices somewhere on the European mainland. LG is also said to be mulling a similar relocation. The reasons behind Samsung's own Brexit are pretty simple - if England leaves the EU, it might have to place import tariffs, plus the price of electronics might be increased with the weakening of the pound, which could diminish the importance of the British market for Samsung, LG and the rest. 

We'll see how it all pans out, for now the European law still applies in the UK, and the referendum will have to be ratified by the parliament, plus the economics untangling will take up to two years, so Samsung and LG will have plenty of time to decide what to do when the dust begins to settle.

source: Korea Herald via SamMobile

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65 Comments

1. FluffyBled unregistered

Well well ... that totally went wrong for Britain ... (Not just because of Samsung ofc!) At the very least, I hope the referendum isn't ratified by the parliament ... no one gains anything with it!

7. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

Corrupt EU establishment is the reason Brexit win US establishment and Clinton is going down next! #BorisJohnson2016 #DonaldTrump2016

16. senseiJ

Posts: 172; Member since: May 02, 2015

If trump does win, the US would really go down.

22. Macready

Posts: 1821; Member since: Dec 08, 2014

Shortsighted gut feelings and stupidity won. The large majority of the youth (over 70%) and well educated people voted for a remain with good reasons, rather than resentment without solutions. But the angry older men just had to decide their future, polluting a poll.

24. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

Accept the fact that people sick of cronyism, and EU corrupt beucracy. Establishment deserves to be punish, even Bernie Sanders can't be nominees, we will still and continue to reject establishment. Establishment never win, rather support Boris ane rather support Trump

26. Macready

Posts: 1821; Member since: Dec 08, 2014

Boris and Trump would just be the next "establishment", only to feast on lower economic wealth, resulting in more angry men. Facepalm for the fatalism.

33. Fellwalker

Posts: 538; Member since: Apr 04, 2014

Sadly this sort of thinking pulled us out. Establishment are never punished by stupid things like this. The former establishement just get better paid jobs elsewhere and a new establishment gets in. Please god no to Boris or Trump.

64. Doakie

Posts: 2478; Member since: May 06, 2009

74.93% of statistics are made up...

31. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

You're actually supporting trump? HAH! Yes let's elect a racist, woman hating, no experience having, temperamental nit-wit. yes that the way to go stupid. Yes vote for him and watch the unemployment rate which is now under a nickel, TRIPLE in 2 years. Watch how he handles talking with leaders of other countries. Celebrities and CEO's don't make good politicians. Fiorina rings a bell. Right? Reagan rings a bell...right? But yes, be stupid if I may say. You won't be alone. Let's stock immigration because, after all once everyone migrated here, we have a right to steal the land from Indians and Mexicans who were already here and now we are goign to tell Mexican's they can't come here, to try to have a better life; which is what America is suppose to stand for. It's now longer the land of opportunity. Its the land of idiot who want to control peoples lives. if Trump gets elected, I hope someone blows him to kingdom come.

35. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

Support bigots over establishment anyday enough said Bigots is lesser evil than establishment plain and simple #BorisJohnson2016 #DonaldTrump2016

53. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

That is false. Give an example of hwre this is true. As far as your claim of voting for Clinton vs Trump. First, Clinton actually has a relationship established with leaders of other countries. being a woman she doesn't hate women. She is also not a racist and was willing to sign Obama's bill on working on fixing the broken immigration system. Now, the downside is she is big money politician. But you think trump won't be? Why? Because he has money? The problem with CEO's running a Government is, the Present doesn't have the same type of power a CEO has. Which means Trump's hands will just as tied if Congress won't work with him as they did Obama. Trump is against everything America is suppose to stand for. Why does hr hate women? I mean he isn't gay, so what's his excuse? How is it he hates illegal immigrants, when he has them working for his hotel?! He is more than a bigot, he is also a hypocrite. I'm not trying to change your vote. As far as Sanders? Sanders has some good ideas, but he is a bit to socialistic for my tastes, but unlike Trump and Clinton, he was willing to stand in front of Congress and call them out on savign the banks and not punishing them for bring down our economy. Both Clinton and Sanders understand how Gov't works. The stupid idiots claim Obama had no political experience whatsoever. yet he was a US Senator for Illinois for YEARS. What experience does Trump have? We may as well make YOU President, after all you're just and equally incompetent as he will be, so we may as well let any Tom, Dick and Harry be President. Spending taxpayers money to build a wall to split Mexico from the USA? is the dumbest ideas of all ideas. America has ahuge trade setup with Mexico. We import and export all types of goods to and from this country to Mexico. Why ruin a relationship? Mexicans, don't tax out social programs. Let me be frank, its crony selfish want to be entitle Caucasians who actually hurt our welfare system. Its more of them on ware-fare, its more of them in prison than anyone else. They are the ones who ruined our economy with those mortgage scams. I'm just being real. Sure there are illegals who get public assistance, yes they cheat and get WIC and many Gov't and non-Gov't programs for assistance. But guess what, they wouldn't have to if we just gave them a social security number. Fixing the problem is as easy as this. You fill out an application to become a legal citizen. We do a background check with Mexican authorities. We give you a temporary SS# which would allow you only to legally work. You work for X amount of years and cause no issues, then your number becomes permanent and you get sworn in as an American. However, you screw up before of after this and your SS# will be rejected and we deport you back to Mexico and you can never return. Return and you get cause, we lock you up for an indefinite amount of time. DONE!

54. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Bigots are not a lesser evil. After all the last Bush was a bigot. What did he do? He killed 4000 Americans so he could start an illegal war and take away the rights of US citizens. Need an example? Habias Corpus is was design to protect citizen from being arrested and held indefinitely, without being charged with a crime. Now all the US has to do is LIE and claim you are a terrorist even with no proof whatsoever and they can lock you up anywhere they want, and no one will ever be able to find you...EVER! You get no court date, no lawyer, no phone call no letters...no nothing. Just a locked room, maybe 3 meals a day if you're lucky. Trump may have one of his tantrums with some leader and that leader may decide to wage war on the US, just because of Trump. You're willing to die for your stupid choice of voting? Again, I'm not trying to change your vote. Just remember, when you vote, you're not the only one who has to live with the consequences of it, the rest of us do too. I dont want Trump as my President or representing me, because he doesn't represent me. First off, I have nothing against any race, or religion. if I could legally hire illegals to my company, I WOULD. I have nothing against women either. Trump has morality issues. He a stubborn stupid old man who barely can run his business. How many times has he filed bankrupcy or negotiated bad deals? This is what you want as a leadeer? Because you're afraid of big money Clinton? What's wrong with Sanders? How about this...you can run as an independent and runt his country into the ground like Trump will. After all it really doesn't matter who is President. He doesn't run the country, Congress does. If his own party is not in true support of him, what does that tell you? But you want to vote for him? Thank God for so many things. First, that you arent a CEO. I'd quit my job if you were my boss, and tank God you arent a President, or someone with even a hint of that much power. We are all human and we make bad decisions because of not having the ability to see far enough into the future to know if that decision will haunt us later. But voting for Trump is equal to poor gas on clothes and setting it on fire. You know its gonna burn. You dont need to know or experience how bad a decision doing that would be, so why do it by voting for Trump?

43. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

Mexicans already here? You mean Spain right? Because the Aztecs lost to the Spaniards (and local forces). So you are for giving Mexico back to the Aztecs? And lets talk about the Mexicans land claim. Since they were Spanish, not Aztecs anymore...in terms of nation. They were a nation for what 170yrs? At most. If you go to 1820 when Mexico...went to war with itself and the US, we freaking marched on Mexico City, that's how far we went. We could have annexed it all really. Funny part is...when we annexed the territories..texas too. Counting years...They have now been independent and part of the USA for longer than 170yrs. So in reality this idea of 'they were here first' is so long gone that its moot. It would be Aztec Empire laying claim to the now defeated Mexicans in 1820. We gave them back all the land that was 'fertile' in terms of production of their country, and they are still wanting to come here..by the droves. And lets talk about the Indians as well. USA was not a single indian nation, and if you even want to argue that it was 'theirs' you have to ask 'whos' because they were their own tribes and nations, fighting, killing (and worse) among themselves before we even started to take over. Lets talk about the history of the natives that lay claim to the mountains of the mount rushmore...the current ones wanting claim won it in war against another tribe. So should we tell them to f off and give it to the tribe that lost? You call someone stupid yet have the smallest grasp of reality here in your post. I live in a boarder state, and the worst? Is seeing the Mexican youth give legal immigrants a bad name. My family line is from Mexico...don't think for a second I would be waiving a Mexican flag and throwing rocks at the police. Instead of yelling we are American and waiving the American flag...they are doing the opposite. I rather have a racist (funny because nothing he has said is racist - you use the term and don't even know what it means), woman hating (if he hated them a woman wouldn't have won the apprentice...that's not how hate works), than a lying Clinton on the podium of office. And you think unemployment would triple? Oh man please do tell rofl...

49. donfem

Posts: 708; Member since: Mar 30, 2011

The rant all for nothing? Waste of space

51. elitewolverine

Posts: 5192; Member since: Oct 28, 2013

I don't mind wasting space

55. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

The point is, they were here before, anyone came here. We have no right to tell them they can't be somewhere they already live. I don't care what they were doing when the thieves got off the boat. Promises were made, gifts were exchanged and the dogs took what they wanted and gave nothing. Most of all the natural Indians are all dead. The reason they want to come here is simple. Even though we have a crooked Gov't, its less crooked than their own. Their Gov't does nothing for its citizens. They are to busy selling out to drug cartels and syndicates. While the US Gov't sells their buttholes to big money corporations. Same BS, just a different side of the coin. America is suppose ot be a land of opportunity and open to all as long as you can be an active part of society. All this BS talkign about they just gonna bring crime and drugs? We already have corporations pushing bad drugs on people, that kill and screw people up everyday. Is the US Gov't doing anything? I just read an article about this one drug company CEO who raise the cost of a pill from $70 per pill to $500. Why? Just to make more money, no other valid reason other than greed. So a few million Mexicans cant do any worse. Let them work the jobs, all these wanna be elite wannabe's refuse to work. You know who I'm talking about specifically. Mexicans have never done anything. The reason we have crime because the system create it. if people didnt go to bad schools, or were paid a decent wage, if they didnt make them convicted felons because all they wanted to du was smoke some weed and now they can't get a job; they woudlnt turn to a life of crime. if you are a felon of ANY KIND and you can't get a job, what si going to be your source of income? CRIME! DRUG! You gotta eat...right? You gotta live right? So may as well take it from the people who have it...right? Seems logical to me. I'm not talkign about the losers who were lazy and dropped out of school, and joined gangs because they have no purpose in life or no home training. I'm talkign people who just got into small trouble where they committed a crime that hurts NO ONE but themselves and their lives are ruined. As long as you are selling illegal drugs. You're sitting in your own house smoking and you aren't hurting anyone, WHY IS IT A CRIME? Its these stupid laws, made by people who want the best for themselves and dont want to share it. Its to keep control over people by making it hard for them is why they end up this way. Things like this could be less of a problem is we had the right people in Gov't. We need a Gov't that represents our country's demographics. That means it needs to me made of all races...not just white people. It needs to be a nice ration of each do that no one race has any upper-hand over another. It also needs to be more open to gender. We dont need all these old grey haired white men. We need men, women, we need people from 25 - 65 tops.

56. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

We need people with open minds, not closed minded, self-righteous bigots. Bigots are the reason we have all these problems. Because of evil tendencies liek jealousy, selfishess especially is why we have all these problems. Indians and Mexicans are more family oriented. They believe in sharing and caring for each other. These all these self-righteous, greedy, selfish pieces of crap came over here on a boat and ruin this land for everyone tryign to make it awesome for no one but them. Dont try to give me a histro lesson. Because history has shown who is the evil in this world and Donald Trump is the personification of exactly what I'm talkign about. Whats so sad is, other people see how bad this is, and just go one as if nothing matters because it isn't happening to them. I recently saw a video where a Judge asked the people in the audience who were mostly Caucasian of different ages, how many of them would want to be treated like minorities are, to please stand. No one did. She then said, if you wouldn't want to be treated this way, then how can you watch it happen to them? This is the problem of America. They want to keep everyone else down, while they are the only ones to go up. Even if you tried to make it great for all equally, yes there will still be a few idiots. But so what. everyone isnt gonna be happy with peace or war. But peace is better than war. Peace benefits everyone equally. War only benefits people who have money tied into it. War doesn't ruin life for rich people, it does for poor people. This is why Roosevelt and Kennedy were awesome, because they wanted things to be good for all citizens because we were suppose to be different from the angry ugly selfish tyrant in England. That si why we have a democracy, that is what we are suppsoe to be for. FOR ALL..not just people with money.

57. Macready

Posts: 1821; Member since: Dec 08, 2014

"lying Clinton" I had to laugh out loud here, since Trump has proven to spout more lies and half-truths than any candidate in the last 4 decades of the US elections.

48. donfem

Posts: 708; Member since: Mar 30, 2011

Bet you have no clue the crap you just spouted!

19. Dr.Phil

Posts: 2361; Member since: Feb 14, 2011

So, you're suggesting that the British parliament ignore the over 17 million people that voted to leave the EU in an election that saw a 72% turnout? Just so you understand, in the US we have presidential elections that see only a 55% voter turnout and yet we go along with what is decided. I don't see how you can expect them to not go through with this and somehow all of those millions of people are just going to say: "Oh, alright. I guess my vote didn't matter anyway." Secondly, and I think this is important to mention, yes the stocks took a dive and the pound suffered for it. Is it reactionary? Yes of course. Any uncertainty drives investors away. However, the pound hit a floor overnight and has bounced up from that. Will it take time for it to recover to where it once was? Of course. The UK is the fifth largest economy and I doubt you're going to find businesses just overlook that.

20. Jimrod

Posts: 1605; Member since: Sep 22, 2014

Exactly. My FB feed has been full of doom and gloom all day, it seems everyone voted "Remain"... Yet they didn't. They keep whining about all this money we've lost just hours after the decision and complaining that "stupid people shouldn't be able to vote"... Well I think stupid people shouldn't speculate about global markets because they obviously have no clue how these things work!

23. Macready

Posts: 1821; Member since: Dec 08, 2014

You must have missed the voices currently active in those markets experiencing "doom and gloom" as we speak. Sit back and enjoy the ride. The Dutch pension funds alone are down 30 billion.

21. Macready

Posts: 1821; Member since: Dec 08, 2014

And ignore the fact that over 16 million voted to remain? The UK is a has been. More divided than ever and likely to fall apart, now that Scotland and Northern Ireland (and colonies like Gibraltar) had majorities in favor of a remain and a preference to leave the UK if the UK leaves the EU. Yes, uncertainty drived markets and economies down, which is exactly why you see large companies on the lookout for more stable havens with direct access to the largest markets (which includes the EU, even without the UK) and the least amount of resistance from import or export barriers. Good luck to England and Wales.

27. Dr.Phil

Posts: 2361; Member since: Feb 14, 2011

And I absolutely agree that Scotland and Northern Ireland should be able to hold referendums as to their own independence. However, I must disagree with your statement about the future of the EU. This was just the first domino to fall. There are other countries with EU referendums on the table. France, for example, has one of the largest eurosceptic populations with 62% being against it. I doubt you will find the remaining countries ignore this uprising happening within itself. And the EU is in a bad predicament: if it cuts a bad trade deal with the UK, it suffers in return. To say that the EU could just cut off all economical ties with the UK is preposterous.

29. Macready

Posts: 1821; Member since: Dec 08, 2014

Cameron gambled and lost (part of the pollution was a vote against him) , that was his mistake. No sane leader would follow that example, as much as euro sceptics want that to happen.

36. Shocky unregistered

This, he massively under-estimated how much the general public in the UK hate him. He was the wrong person to front the remain campaign, somebody else should taken this on and he should have taken a back seat. I'd say bad timing, but it was him that promised the referendum just to get into power. Oh well, another conservative government ends in disaster, oh wait they're not finished yet. lulz

30. Macready

Posts: 1821; Member since: Dec 08, 2014

And I didn't mention cutting off all ties but fact is that import and export barriers will be back which will cost the UK a whole lot more, in part thanks to its trade deficit and the fact it heavily relies on import from the main land.

34. Fellwalker

Posts: 538; Member since: Apr 04, 2014

The British parilament should never have allowed teh referendum. The MPs are elected and paid to use their working life to improve the country. They are FAR better placed than the person on the street to weigh the pros and cons of something like this. The voters gave tehm that responsibiilty at teh previous election.

41. Shocky unregistered

Agreed, David Cameron promised this in the general election as a means of getting into power, he didn't have to do this. It was a mistake and it's back fired horribly.

40. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

What about the report that the foolish people of the U.K. where using Google to find out what EU is, after they voted. Most didn't not have a clue. https://www.washingtonpost.com/news/the-switch/wp/2016/06/24/the-british-are-frantically-googling-what-the-eu-is-hours-after-voting-to-leave-it/?campaign_id=A100&campaign_type=Email

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