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Companies

Samsung expects tough 2019 as memory segment stalls

Shareholders voice concern about competition from Chinese chipmakers

SEOUL -- Samsung Electronics told a packed crowd of shareholders to brace for a rough 2019, as these investors grilled executives on March 20 about the company's slumping memory business and measures to improve competitiveness.

"We are expecting many difficulties this year, such as slowing growth in major economies and risks over global trade conflicts," Vice Chairman and co-CEO Kim Ki-nam, who took over the semiconductor segment this year, said at the annual shareholders meeting.

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