Samsung Electronics "Possible to Participate in UK 5G Network Construction"
Vice President Kim Woo-jun Responds to Questions at UK House of Commons Session
Samsung Electronics announced on the 7th that its consolidated operating profit for the second quarter reached 8.1 trillion won. On the same day, employees were seen walking at the Samsung Electronics Seocho Building in Seocho-gu. Photo by Mun Honam munonam@
View original image[Asia Economy Reporter Minwoo Lee] In the UK, which is considering excluding the Chinese telecommunications equipment company Huawei, Samsung Electronics has expressed its willingness to participate in the construction of the 5th generation (5G) communication network.
According to major foreign media on the 9th (local time), Kim Woo-joon, Vice President of Samsung Electronics, attended a UK House of Commons committee meeting and responded "Definitely possible" when asked about the possibility of providing 5G network equipment to the UK. It was also reported that Samsung Electronics is actively discussing with European companies to supply network equipment and is focusing resources on investments related to 4G, 5G, and 6G.
Earlier, the UK government decided in January to allow Huawei equipment only in non-core parts of the 5G network construction project, with the condition that the market share does not exceed 35%. However, voices calling for a complete ban on Huawei equipment grew within the US government and the ruling Conservative Party. Furthermore, after the US imposed additional sanctions related to Huawei semiconductor purchases in May, it is known that the UK government is reviewing the risks associated with using Huawei equipment.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Sold Everything Fearing Bankruptcy, Then It Soared 3,900 Times: How a Stock Once Feared for Delisting Became an AI Powerhouse"
- "All Major Corporations Could Leave"... Business Community Fears Overseas Factory Relocation Due to Strike Risks
- 1789 Capital Scales Up 17-Fold with Trump Jr.; Accelerates Investment in AI and Defense
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
Regarding this, Oliver Dowden, UK Secretary of State for Digital, Culture, Media and Sport, stated that instead of Huawei, he hopes Samsung Electronics and Japan's NEC will participate in the 5G network construction project. Secretary Dowden also mentioned that they are exploring benefits such as trade and financial incentives to support this.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.