RealTime IT News

Samsung Looks for New Growth Areas

Samsung Electronics' new chief executive, Choi Geesung, said the South Korean technology giant would cultivate new revenue sources in the infotainment and "lifecare" sectors and beef up its PC, appliance and camera businesses.

Choi, who officially took over as CEO on Thursday, said in his inauguration speech that Samsung would further cement its leading position in televisions, mobile phones, memory chips and liquid crystal displays, while seeking to develop future growth engines.

"To secure the foundation for sustainable growth, we will find new businesses in the areas of infotainment ... and 'lifecare' such as health, environment and energy," Choi said, according to a Samsung statement.

Infotainment refers to information-based media content or programming that includes entertainment content to increase its audience appeal.