Thai Samsung keen on air-conditioners
10.02.10
By Pitsinee Jitpleecheep, Bangkok Post, Thailand
Feb. 9--Thai Samsung Electronics Co has split off its air-conditioner unit with an aim for the new business to become a local market leader within three years.
Somporn Jangreenapawong, the company's head of air-conditioner business, said the air-conditioner organisation has been separated as an independent business unit since last month.
Samsung views air-conditioners as one of several key product categories for local growth, together wtih personal computers (PC), digital cameras and LED TVs.
"Thailand is a top-five strategic country for the air-conditioner market along with China, India, Panama and the United Arab Emirates," he said.
Initially focused on home appliances, the unit's portfolio is due to expand into commercial air-conditioners.
Samsung yesterday introduced 20 air-conditioner models to the local market, including models using its Virus Doctor technology that the company claims will kill 99.99 percent
Source: American Chronicle
Hail the Father of Business, Lee Byung-chul
11.02.10
And carried on till February 10. On this particular occasion, Lee's family, both former and incumbent Samsung executives, other entrepreneurial leaders, politicians and bureaucrats attended and commemorated Lee's 100th birthday. Thus, all the attendees honored and paid respects to a man whose epic career spanned Korea's conglomerate formation, from the decades of harsh authoritarian rule to its transformation into a capitalistic economy. The event held an opening concert on February 4, in which featured soprano Jo Su-mi, violist Kim Jee-yun, pianist Kim Young-ho, and the Bucheon Philharmonic Orchestra. Meanwhile, Lee's exhibition took place throughout the event period, presenting Lee's drawings, photographs, and sayings. On the last day of the event, an academic forum was held at Shilla Hotel in Seoul, where many noted scholars filled the seats and delivered critical lectures. Among them was Harvard Business School professor Tarun Khanna who gave a lecture on the growth of Korean economy and the roles of entrepreneurs.
Source: Korea IT Times (press release)