Electronics giant Samsung sensed the weakness of the global economy in the fourth quarter of 2022. Earnings from ordinary operations fell 69 percent year-on-year to 4.3 trillion won ($3.75 billion), the South Korean electronics industry leader said. memory chips and smartphones.
Overall, however, the surplus more than doubled to 23.84 trillion won. Amid the global economic slowdown, the business environment deteriorated significantly in the fourth quarter due to weak demand.
In the smartphone sector, demand remained weak. Memory chip prices have fallen. Due to changes in tax law, Samsung reportedly has to pay less corporate tax in the last quarter.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
