Business trends

What Korea Inc. stands to gain from a Biden presidency

More certainty and continued pressure on China would help Samsung and others

20210118 Biden in South Korea

To take advantage of the Biden factor, experts say South Korean corporations will need to join U.S.-led supply chains while remaining on friendly terms with China. © AP

KIM JAEWON, Nikkei staff writer
January 20, 2021 11:45 JST

SEOUL -- Shortly after Joe Biden was elected president of the U.S. last November, an executive at Samsung Electronics expressed relief at the result of the messy, contentious poll.

"Biden is more predictable than President Trump," the executive, who asked not to be named, told Nikkei Asia. "That is definitely better for us to set up plans. Certainty is the key in doing business."

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