2010년 8월 18일 수요일

MB’s arm-twisting makes firms 'modest'

Arguably, ``the world’s first’’ and ``the largest ever’’ would be the two most frequently-used terms in the press releases of Samsung Electronics, the world’s foremost producer of memory chips and flat-panel displays. 

The Suwon-based company may have wanted to use the term once again while releasing its second-quarter performance, which was the best in its history at 37.9 trillion won in sales and 5 trillion won in operating profits. 

For some reason, however, the country’s No. 1 corporation did not sell the achievement to journalists as it did not produce the facts in a press release, which was presented late last month. 

Robert Yi, Vice President and head of the firm’s investor relations team, also kept a low-key attitude while talking to the media. 

``With intensified competition throughout the digital media and mobile industries going forward, it may become a challenge to maintain current profitability levels,’’ Yi said. 

``However, we will continue to focus on introducing differentiated products and widening our technology leadership in components to meet these difficult market conditions.’’

Things are similar with other flagship companies of Asia’s fourth-largest economy.

Both Hyundai Motor and Kia Motors, the two iconic subsidiaries of the Hyundai-Kia Automotive Group, racked up record-breaking quarterly performances over the April-June period. 

Hyundai Motor marketed approximately 457,000 vehicles over the three month to record 9.6 trillion won in sales and 1.4 trillion won in net income as its models gained popularity. 

Kia Motors chalked up 5.8 trillion won in turnover to net 558 billion won in profits, up by 23.3 percent and 60.7 percent from the corresponding period of last year, respectively, by selling about 350,000 vehicles worldwide. 

댓글 없음:

댓글 쓰기