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Samsung’s Operating Losses Impact South Korean Economy, Aims to Build New Chip Center

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Samsung’s Operating Losses Impact South Korean Economy, Aims to Build New Chip Center
A Samsung flag (R) and South Korean national flag flutter outside the company's Seocho building in Seoul on May 6, 2020. Jung Yeon-je/AFP via Getty Images
Lisa Bian
Sean Tseng
Updated:
0:00
News Analysis
Samsung, the pillar of South Korea’s economy, has seen its profit plunge in 2022 due to weak chip and smartphone demand. The company’s weak financial performance has impacted the overall South Korean economy.
Lisa Bian, B.Med.Sc., is a healthcare professional holding a Bachelor's Degree in Medical Science. With a rich background, she has accrued over three years of hands-on experience as a Traditional Chinese Medicine physician. In addition to her clinical expertise, she serves as an accomplished writer based in Korea, providing valuable contributions to The Epoch Times. Her insightful pieces cover a range of topics, including integrative medicine, Korean society, culture, and international relations.
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