Samsung fights economic depression by reorganizing key businesses
Along with many other slowing businesses, Samsung is one of the many to make an effort to keep its business high despite tough economic times. They are achieving this by consolidating four essential businesses which include liquid crystal displays, semiconductors, mobile phones, and televisions. The goal is to separate them into two divisions. These changes are taking place for personal and professional reasons. Although Samsung Electronics is one of the world’s biggest manufacturers in consumer electronics, they also have to deal with this ever lasting recession. As of this afternoon, Samsung Electronics shares had only increased 0.2 percent to 460,500 won ($335). As a result, Samsung hopes to improve overall revenue.