Wise-Net

Samsung Sells Samsung Techwin

Samsung Techwin announced on Friday (November 28, 2014) that Samsung Group affiliates will sell their holding stakes in Samsung Techwin to Hanwha Group. Samsung Techwin is a major supplier of video surveillance equipment. Hanwha Group is a large South Korean conglomerate. Samsung Group is reorganizing its business empire to make it easier for the children of Samsung Electronics Co Ltd (005930.KS) chairman Lee Kun-hee, 72, who has been hospitalized since a May heart attack, to divvy up the conglomerate.