South Korea’s industrial output falls since the discontinuation of Samsung Galaxy Note 7
Wednesday, 30 November 2016 South Korea’s industrial output fell in October as Samsung Electronics discontinued its latest flagship Galaxy Note 7 smartphones, a government report said on Wednesday. Production in all South Korean industries dipped 0.4 percent in October as railway workers went on strikes, Xinhua news reported. Production slided further from previous months according to Statistics Korea. Samsung‘s ending of production and sales in its latest Galaxy devices led the production in communication and broadcasting equipment to tumble 18.1 percent in October. Railway workers went on strikes amid the ongoing restructuring in troubled shipbuilders and shipping companies, further weighing down on the service industry. ALSO READ: Not a single Galaxy Note 7-related incident occurred in India: Samsung
Nov.29 -- Samsung Electronics Co. didn’t quite come out and actually say it, but South Korea’s most valuable company is probably going to split as soon as next year. Bloomberg's Cory Johnson reports on "Bloomberg Markets."
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