The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Song Joong-ki marries British woman, expects baby

  • 3

    Suicidal pedestrian saved over Han River bridge

  • 5

    Kim Jung-hyun returns to small screen with 'Kokdu: Season of Deity'

  • 7

    Youth, foreign drug offenders increase threefold in 5 years

  • 9

    NK rejects alleged arms trading with Russia, warns of 'undesirable result'

  • 11

    K-pop releases for February

  • 13

    Seoul International School celebrates 50th anniversary

  • 15

    Base taxi fare to rise by 1,000 won to 4,800 won next month

  • 17

    Koreans reluctant to unmask on first day of eased indoor mask rule

  • 19

    3 dead, 4 hurt in upmarket Los Angeles neighborhood

  • 2

    Japanese teen romance film attracts 1 mil. Korean viewers for 1st time in 21 yrs

  • 4

    Korea to lift indoor mask mandate Monday

  • 6

    US four-star general warns of war with China in 2025

  • 8

    INTERVIEWBusan has potential to be world-class city, says mayor

  • 10

    Samsung to introduce low-carbon diet for employees to help tackle climate change

  • 12

    'Someday or One Day' cast says film spin-off has new plot

  • 14

    Plum trees, pheasants and promises of old Korea

  • 16

    Main opposition leader faces pressure to resign in case of indictment

  • 18

    S. Korea mistakenly fires machine gun near border with N. Korea

  • 20

    NATO chief calls for stronger security ties with S. Korea to counter China

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Business
  • Tech
  • Bio
  • Companies
Tue, January 31, 2023 | 06:21
Tech
Samsung eyes more M&As
Posted : 2015-02-25 16:33
Updated : 2015-02-25 17:56
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
By Kim Yoo-chul

Samsung Electronics and its affiliates are using mergers and acquisitions (M&A) as a new growth tool, a change of strategy pursued by its Vice Chairman Lee Jae-yong.

Samsung officials said Wednesday that the change is being embraced by its top management in order to better meet the need for prompt adjustment to market uncertainties and demands.

"Vice Chairman Lee wants to streamline the business portfolio by ditching unprofitable businesses and investing in promising areas," said a senior Samsung executive.

Samsung acquired Magna International to boost its battery business.

He added that the world's biggest technology company prefers to acquire small-sized firms before going for large-sized M&A deals such as BlackBerry.

It has taken over SmartThings for the Internet of Things, LoopPay for its mobile payment foothold and Proximal Data for Big Data.

"Recent meetings with Google CEO, Facebook CEO, PayPal co-founder and Microsoft CEO also mean that Samsung is looking for its next big thing.

However, it ditched its unprofitable defense and chemical businesses.

"Samsung is on track to change our corporate nature. We will become an aggressive shopper. Our focus is on how to find the right targets for perfect fits to existing businesses," another executive said.

Samsung Electronics has $56 billion in internal cash reserves.

A transition of power to the third generation is already underway since Samsung Chairman Lee Kun-hee has remained in hospital since last year.

"The key point is how to find, strengthen and develop our own systems for sustainability and that will be come from M&As with the right timing," the company executive said.

In a related note, Samsung aims to create a new ecosystem in its target areas by investing millions of dollars each for venture firms based in Israel and the United States.

"Vice chairman Lee has interests in building up the company's own ecosystem in business areas that the firm has designated. This is why Samsung is investing more for the Tizen mobile platform and for M&As in the Internet of Things," said the executive, adding the company also wants to strengthen its FinTech business.





이재용 삼성전자 부회장이 24일 방한중인 세계 최대 전자결제 시스템 회사인 페이팔 창업자 피터 틸과 만나 핀테크(FinTech·금융기술)와 벤처기업에 대한 투자문제 등을 논의한 것으로 알려졌다.

이 부회장은 이날 오전 피터 틸이 묵고 있는 시내 한 호텔을 방문, 핀테크와 벤처기업에 대한 투자문제 등 상호관심사에 대해 폭넓게 의견을 교환하고, 협업방안에 관해서도 논의한 것으로 알려졌다.

핀테크 기업인 페이팔을 공동 창업한 틸은 페이팔을 이베이에 매각했고 빅데이터 회사 팰런티어 테크놀로지를 세워 미국 중앙정보국(CIA)의 투자를 받기도 했다.

이후 기술 벤처기업들에 대한 투자자로 활약하면서 링크트인, 옐프 등에도 투자하는 등 벤처투자의 큰손으로 활약해 '페이팔 마피아'의 대부로 불리기도 한다.

이 부회장은 자신이 이끄는 삼성전자가 최근 미국의 모바일 결제 솔루션 업체 루프페이를 인수하며 애플페이에 맞설수 있는 자체 결제 서비스인 삼성페이(가칭)를 준비중인 만큼 핀테크 개척자이자 전문가인 틸로 부터 전문가적인 조언을 듣고 향후 사업추진 과정에서 공조방안을 모색했을 것으로 예상된다.

이 부회장은 또 미래성장동력 확보 차원에서 사물인터넷과 빅데이터 분야 등에서 유망기업을 잇따라 인수하며 글로벌 인수합병(M&A)에도 적극적으로 나서왔고, 틸 또한 미국 실리콘밸리의 벤처투자 큰손으로 활약해온 만큼 기술력을 바탕으로 유망한 벤처기업에 대한 공동 투자방안도 자연스럽게 논의됐을 것으로 업계는 관측하고 있다.

이 부회장의 틸 면담에는 홍원표 삼성전자 글로벌마케팅전략실장도 배석한 것으로 알려졌다.

틸은 작년에 창조적 독점에 관한 내용을 담은 '제로 투 원'을 펴내 베스트셀러 반열에 올리기도 했다.

23일 밤 입국한 틸은 24일 오후 연세대에서 강연을 하면서 정갑영 전 연세대 총장, 김동훈 경영대학장, 안철수 새정치민주연합 의원 등과도 만날 예정이다.

또 25일 서울 삼성동 서울컨벤션에서는 네이버와 이베이코리아 관계자 등 IT기업인 및 교수 20여명이 참석한 가운데 비즈니스미팅을 한뒤 '더 나은 미래…제로 투 원이 돼라'라는 주제로 일반 대중들에게 강연할 예정이다. (연합뉴스)
Emailyckim@koreatimes.co.kr Article ListMore articles by this reporter
 
Top 10 Stories
1Koreans reluctant to unmask on first day of eased indoor mask rule Koreans reluctant to unmask on first day of eased indoor mask rule
2Over 76% of South Koreans support development of nuclear weaponsOver 76% of South Koreans support development of nuclear weapons
3[ANALYSIS] Pandemic awakens demand for data-driven automation ANALYSISPandemic awakens demand for data-driven automation
4Busan seeks to take lead in expo race after BIE's April visit Busan seeks to take lead in expo race after BIE's April visit
5Retailers seek to bolster beauty product sales as lifting of mask mandate approaches Retailers seek to bolster beauty product sales as lifting of mask mandate approaches
6Stock-leveraged investments rise again amid bullish KOSPI Stock-leveraged investments rise again amid bullish KOSPI
7Biohealth geared for growth Biohealth geared for growth
8Korea-US defense talks likely to bring up extended deterrence Korea-US defense talks likely to bring up extended deterrence
9NK slams NATO chief's Seoul visit as 'prelude to war'NK slams NATO chief's Seoul visit as 'prelude to war'
10Seoul mayor accuses liberals of leading nation in wrong direction Seoul mayor accuses liberals of leading nation in wrong direction
Top 5 Entertainment News
1Song Joong-ki marries British woman, expects babySong Joong-ki marries British woman, expects baby
2Kim Jung-hyun returns to small screen with 'Kokdu: Season of Deity' Kim Jung-hyun returns to small screen with 'Kokdu: Season of Deity'
3K-pop releases for February K-pop releases for February
4'Someday or One Day' cast says film spin-off has new plot 'Someday or One Day' cast says film spin-off has new plot
5Itaewon music fest brings love to the healing process Itaewon music fest brings love to the healing process
DARKROOM
  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

  • World Cup 2022 France vs Morocco

    World Cup 2022 France vs Morocco

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group