Wednesday, March 8, 2017

South Korea will enter economic downturn in 2017 - Part 4

Lotte has about USD$8.5b investments in China and Lotte is expected to suffer a big chunk of loss in China.  The next to fall will be Samsung as China citizens are boycotting South Korean products.

Furthermore, Foxconn and TSMC are trying to decimate Samsung by combining efforts to buy Toshiba's nand flash business.  Once nand flash business falls into the hands of TSMC & Foxconn, Samsung business will be greatly affected as Apple will no longer use Samsung as its supplier because Apple views Samsung as a competitor.
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8 comments:

  1. Eric HoMarch 8, 2017 at 5:34 PM

    https://sg.news.yahoo.com/q-stop-tv-spying-233127923.html

    Bad news for Samsung! Samsung smart TV can be hacked!

    Hotels in China have already stopped purchasing Samsung TV because of Thaad. Americans are wary of Samsung TV now.

    ReplyDelete
  2. Eric HoMarch 9, 2017 at 7:09 PM

    http://www.reuters.com/article/us-toshiba-accounting-chips-idUSKBN16G0I6

    Look like Foxconn will be out of the race. Only TSMC is left.

    ReplyDelete
  3. Eric HoMarch 13, 2017 at 6:56 PM

    Just for information.

    Samsung accounts for 20% of SK's GDP while the top 5 companies account for 58%. The top 10 companies account for at least 70% of SK's GDP. Isn't it scary that 10 companies can control SK?

    ReplyDelete
  4. Eric HoMarch 23, 2017 at 5:28 PM

    https://sg.finance.yahoo.com/news/south-koreas-daewoo-shipbuilding-conditional-2-6-billion-021711762--finance.html

    Another korean company under the water.

    ReplyDelete
  5. Eric HoMarch 23, 2017 at 5:35 PM

    https://sg.finance.yahoo.com/news/south-korea-central-bank-chief-070410913.html

    South Korea acknowledged that its economy would be impacted by China's retaliation.

    ReplyDelete
  6. Eric HoMarch 27, 2017 at 1:44 PM

    https://sg.finance.yahoo.com/news/hyundai-motor-suspends-another-china-plant-amid-political-022848867--finance.html

    Hyundai is also affected now.

    ReplyDelete
  7. Eric HoApril 4, 2017 at 6:12 PM

    https://sg.finance.yahoo.com/news/hyundai-motor-kia-motors-cut-030856253.html

    Kia is also affected now.

    ReplyDelete
  8. Eric HoApril 11, 2017 at 2:07 PM

    Foxconn has put in a bid of USD$27b to buy Toshiba NAND flash. Wow!

    If Foxconn succeeds in the acquisition, Samsung will be in deep trouble because Apple doesn't need to buy from Samsung anymore.

    ReplyDelete