Comment by themaninthedark
Comment by themaninthedark 2 days ago
Tell me specificly which niche that Samsung focuses on: >Product: Clothing, automotive, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, solid-state drives, DRAM, flash memory, ships, telecommunications equipment, home appliances >Services: Advertising, construction, entertainment, financial services, hospitality, information and communications technology, medical and health care services, retail, shipbuilding, semiconductor foundry
https://en.wikipedia.org/wiki/Samsung
Samsung is also very closely tied to the Korean government.
>I think if you start to deep dive into the industries that left, you'll find the reasons were often more complicated than simple labor costs
Care to share any of the reasons?
Here are reasons that I know about; EPA regulations, OSHA regulations, their supply base relocating.
https://www.forbes.com/sites/stevedenning/2011/08/17/why-ama...
Don't get me wrong though, we shouldn't roll back our regulations but we should however ensure that what we buy is manufactured in that same conditions that we would demand at home.
> Care to share any of the reasons?
Governments being laser focused on building a specific domestic industry and winning. I.e., as you point out, Samsung. It's hard to win a battle where an entire country has decided to push to become the best in the world in one field.