By Kwanwoo Jun Samsung Electronics Co. Ltd. (005930.SE), the world's largest smartphone maker, has put a complete end to its mobile phone production in China after years of grueling battles with fast-growing local brands. The South Korea-based company confirmed Wednesday it has decided to shut down its last remaining China plant in the southern city of Huizhou. It has been actively relocating its smartphone production to Vietnam, India and other lower-cost countries in recent years.
By Sept. 30, 2019 7:42 pm ET | WSJ Pro South Korea’s inflation slowed to a record low amid growing concerns about subdued price growth, as the economy cools. The benchmark consumer-price index fell 0.4% in September from a year earlier after being flat in August—already the slowest pace on record in the country, said the statistical office Tuesday. The latest reading missed the median market forecast of a 0.3% decrease.
South Korea's exports fell for the 10th consecutive month in September due to the continuing global trade tensions, though the pace of decline moderated slightly. Exports fell 11.7% from a year earlier to $44.71 billion, a milder drop than the prior month's revised 13.8% decline, according to preliminary data released by the trade ministry on Tuesday.