Korea electronics giant Samsung has turned a few heads in the mobile phone manufacturing sector of late following its decision to invest $48m for a 10 per cent stake in fellow Korea mobile phone maker, Pantech. According to Samsung it just comes down to components and procurement, nothing more.
South Korea-based electronics company Samsung has confirmed to news sources that it has acquired a 10% stake in local smart phone maker Pantech for $48m (KRW53bn). The company said the investment was designed solely to enhance the relationship between the two firms which have had supplier agreements over the past year.
Pantech is the third largest mobile phone maker in Korea, which has sparked confusion over the reasoning behind the deal. However, Samsung has confirmed that it is only a…
