Samsung is simplifying its corporate structure. Investors had previously criticized the fact that the Samsung Group’s stake in the Samsung Group was too complicated.
The smartphone market leader Samsung thinks according to own data about a further simplification of its corporate structure by splitting up. This could include the formation of a roofing company, the South Korean company, who is also the number one in memory chips and televisions. Samsung responded, among other things, to claims by the US investor Elliot Management, which is a shareholder in Samsung Electronics, after a group conversion.
In an open letter, the US hedge fund criticized in October that Samsung’s group of companies – the flagship of the electric manufacturers – is too complicated. Samsung is to split a company that is responsible for the operational business, as well as a holding company.
In recent years, Samsung has taken steps to simplify business operations, “to focus on core capabilities,” the company reported. The search for the “optimal structure” depends, among other things, on strategic, legal and financial considerations. The review, which also involved external consultants, could take at least six months.
Samsung had recently come under pressure because of a worldwide call-back action for its smartphone Galaxy Note 7 because of a fire hazard in the batteries.