wordpress blog stats
Connect with us

Hi, what are you looking for?

HyunChil Hong takes over from BD Park as Samsung India MD

Korean technology giant Samsung has appointed HyunChil Hong as the managing director of Samsung India & president of South West Asia. He will be taking over from B.D. Park and will be based out of Gurgaon, India. Park will be moving back to Samsung’s Korea headquarters, where he will be heading the sales and marketing for the company’s digital appliances business.

Samsung said Hong will lead Samsung’s business in South West Asia that includes India, Sri Lanka, Bangladesh and Nepal. Prior to this appointment, Hong worked as the president for Samsung Electronics Latin America for three years. Before that, he headed the company’s sales in Chile.

cmn_Samsung

Exits at Samsung India 

This appointment comes at a time when Samsung India is witnessing a number of exits in the top management this year, CFO Sunil Goel had quit the company after a 17 year stint in October this year, while Samsung India’s mobile and IT head Vineet Taneja had quit in May this year to join its rival Micromax as CEO. An Economic Times report also cites two senior industry executives to suggest that Samsung India deputy managing director Ravinder Zutshi is retiring from the company later this month.

Samsung claims that it has emerged as a leader in the mobile phones business under Park’s leadership, however the company is struggling with declining sales amid intense competition from domestic players like Micromax and Karbonn and International players like Motorola, Xiaomi, OnePlus and others. It was also reported that Samsung bosses were not happy with the company’s performance in India, especially in the mid-range and high-end smartphone segment, despite being the leader in the market.

Advertisement. Scroll to continue reading.

As per the latest IDC report, Samsung’s marketshare had dipped to 24% in Q3 2014 from 29% in the previous quarter, while Micromax’s market share had grown to 20% from 18% in the previous quarter. If you include feature phones to the mix, Samsung barely leads the market with 16% of the market share, followed by Micromax that has 14% market share.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ