Young Sohn, who is the first ever non-South Korea-based top executive at conglomerate Samsung, updated the market yesterday on what Samsung intends to do with its $1.1bn corporate venturing strategy.

Sohn ,Samsung’s chief of strategy, came into the company last year. He said his speech at the IBF Corporate Venturing and Innovation Partnering Conference on Newport Beach, was an attempt to explain what Samsung’s innovation strategy is – joking the technology press in blogs like TechCrunch label his company “mysterious…

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