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Samsung Lee asks Mexican Prez to support 2030 World Expo in Korea
Earlier, the South Korean president’s office announced that the Vice President of Samsung Electronics will be the country’s ambassador for the 2030 World Expo bid. Today, Samsung disclosed that Lee Jae-yong asked Mexican Prez Obrador to support the 2030 World Expo to be held in Busan.
The Korean tech giant’s boss explained that the Busan World Expo would be a venue to present visions and innovative technologies for a “better future for mankind.” Also, he has highlighted that Korea’s Busan is the best place to host the World Expo 2030.
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Mr. Lee also explained local business of Samsung to Mexican Prez Obrador and thanked the Mexican government for Samsung’s support. In addition, Both of them also discussed mid to long-term cooperation between Samsung and Mexican companies.
Lee met Dutch PM, as well
On June 14, 2022, Samsung VC also met Mark Rutte, the Dutch Prime Minister, in The Hague and asked for support for the 2030 World Expo in Busan.
World Expo 2030
Four countries have submitted competing candidatures to organize World Expo 2030: the Republic of Korea (Busan), Italy (Rome), Ukraine (Odesa), and Saudi Arabia (Riyadh).
Meanwhile, the host country of World Expo 2030 will be elected by BIE Member States, gathered in a General Assembly set to take place in November 2023.
Samsung and Lennox are forming a joint venture to sell ductless HVAC systems in the US and Canada. The company is collaborating with Lennox, which is a leading provider of innovative climate solutions in the HVACR industry.
SmartThings AI
The Korean tech giant aims to leverage its leadership in AI, software, smartphones, and semiconductors to provide more smart home services through the easy connection of Samsung SmartThings devices.
With SmartThings Energy, users can monitor overall energy consumption within the home, while SmartThings Energy’s AI Energy mode helps save energy consumption of connected home appliances.
“We are pleased to have entered into a long-term collaboration with Lennox to lead the air conditioning market,” said Choi Kyung-sik, president of Samsung Electronics North America.
The joint venture will distribute Samsung ductless products in United States and Canada as well as “Lennox powered by Samsung”-branded products for Lennox, which will be sold through Lennox stores and direct-to-dealer network.
Samsung believes the joint venture will help it strengthen its position in the North American HVAC market. Samsung will own 50.1% of the joint venture, Samsung Lennox HVAC NA, and Lennox will own 49.9%.
Samsung is seemingly in trouble as a labor union plans to go on strike. The company has been facing concerns with employee dissatisfaction over wage increments. As the wage negotiations apparently failed, workers are in no mood to go back from unannounced protest.
Bloomberg reports that Samsung Elec’s unionized workers are planning to go on strike amid stalled wage negotiations. In the recent past, there were various rounds of talks and negotiations between Samsung’s management and labor union.
However, there is no positive outcome of the discussions held since January 2024. The report also mentions that the management and labor union failed to narrow their differences. If realized, it would mark the first-ever walkout by workers at Samsung Electronics.
“We declare a strike due to the management’s attitude of disregarding the workers,” the labor union said.
Reports say that the unionized labor union has the largest number of employees of Samsung Electronics. If such a huge number of workforce stalls, the company will face issues with manufacturing and production in various businesses.
Samsung partnered with Disney and Pixar for the Bespoke AI Laundry Combo’s promotion. The company has recently released a new campaign video, celebrating the release of “Inside Out 2,” which is scheduled to open in theaters on June 14.
New collaboration playfully shows how Samsung’s latest laundry features help take the stress out of doing laundry. The video screens how Bespoke AI Laundry Combo takes the frustration out of an everyday household chore.
As anticipation builds for “Inside Out 2” before its global release in theaters on June 14, 2024, the campaign video will run on Samsung’s YouTube, Instagram, TikTok, and Facebook channels.
The campaign video provides a whimsical look at the emotional roller coaster people can escape if they choose Samsung’s Bespoke AI Laundry Combo™ featuring functions such as AI EcoBubble.
“Inside Out 2” introduces new Emotions — including Anxiety, Embarrassment, Ennui and Envy — as main character Riley turns 13 and faces her next set of challenges.
“The collaboration with Disney and Pixar’s ‘Inside Out 2’ was refreshing because we were able to come up with new ways of storytelling,” Jinny Jung, Vice President, Samsung Electronics, said.