Hansol Electronics Vietnam Co., Ltd (Vietnam)

The subject has operated in the field of manufacturing circuit boards and smartphone cases for over ten years. It is known as one of the vendors of Samsung. A notice point was that in early June 2002, the Samsung factory in Vietnam, the largest production facility accounting for 60% of the group's global smartphone output, decided to reduce production from 5 days/week to 3 days/week. This was a sign that the decline in global economic growth has affected large corporations, forcing them to adjust and cut production business plans. For this reason, Samsung's orders to suppliers also decreased sharply. As one of Samsung's suppliers, the subject was also affected by this. The proof was that revenue in 2022 decreased by 5.6% compared to the previous year. On the other hand, financial costs increased sharply, causing profits to decrease by more than 40%.