Samsung has closed its regional headquarters in Singapore, London and New York, as the main Korean conglomerates - or chaebols, came to a joint deal to reallocate the country's failing resources.
Samsung's moves may be only the start. At press time, it was still unable o confirm or deny that it would shut down UK operations, including axing any jobs at its Teesside plant in north east England.
Last week the extremely influential Federation of Korean Industries divvied up their pains and gains and Samsung agreed to defocus on semiconductors but move into cars.
That was formerly the province of Hyundai and Daewoo, but could signal the massive companies spreading their opportunities and risks across a broad chaebol board.
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