2010년 8월 12일 목요일

LG, Samsung, Daewoo worry about fallout from Iran sanctions

Korean electronics firms are considering potential countermeasures that could be taken by Iran in the event Korea joins the United States to impose sanctions in retribution for its nuclear development.

Samsung and LG are saying that no adverse steps have so far been taken but are waiting to see how the situation can change in the coming weeks.

Creditors of Daewoo Electronics are facing prospects of a deal for a stake sale, being negotiated with an Iranian firm, not progressing. 

On Thursday, Samsung Electronics said it has been reviewing all options to counter possible freezing of diplomatic ties between South Korea and Iran.

"Samsung currently doesn't see any negative effects in Iran due to political reasons. But we are not ruling out worst case scenarios," said Leonor Lee, a senior spokeswoman at Samsung.

Lee said the world's top TV maker is still safe with cash transactions and other pending issues, though she declined to unveil the sales portion in Iran out of Samsung's total revenue. 

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