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Korean media reported that Kim Yong-kwan, President and Head of Business Strategy at Samsung Electronics’ Device Solutions division, said during a DS division management town hall meeting on July 3 that this year’s operating profit is expected to be in line with market consensus.
Korean brokerages estimate Samsung’s operating profit this year at around KRW 300 trillion, or roughly USD 200 billion.
In particular, Kim reportedly said, “This year’s profit alone will exceed the cumulative profit generated over the 40 years since Samsung entered the semiconductor business.”