Samsung Electronics not to move manufacturing base to RoK

The move aimed to avoid uncertainty in overseas manufacturing bases amid the COVID-19 pandemic, which would affect the operations of its smartphone factory in Vietnam, the group explained.

In late August and September 2021, Samsung Electronics moved two smartphone production lines in Vietnam to the Gumi plant to ensure stable production of foldable smartphones.

However, the measure was not to increase smartphone production capacity or move Samsung Electronics’ production base to the RoK, it said. Its Gumi manufacturing base in the RoK is the only smartphone line on home turf. It produces high-end handsets, such as foldable models and Galaxy S series, for the Korean market.