Samsung chairman urges employees to develop new businesses

Lee Kun Hee, the chairman of Samsung Electronics Co. urged his employees to develop businesses that can help Samsung to fend off a slow global economy amongst increased competition in his new year note.

Lee said that there is an ongoing competition by global companies across all areas from products, technology development and hiring talented people to patent disputes, reports Bloomberg.

Samsung Group runs 82 affiliate companies and contributes to almost 20 per cent of South Korea’s GDP should boost investment and create new jobs added Lee.

Samsung has really turned things around for the economy when they shipped one out of every four handset in the third quarter according to researcher, IDC

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