Samsung, Hyundai Motor see growing uncertainties

SEOUL — Chiefs of Samsung Electronics and Hyundai Motor said Monday their businesses would face increased uncertainties due to growing protectionism. Samsung Vice Chair Kwon Oh-hyun urged employees in a new year›s speech to reform the company by strengthening quality control as growth slows in its key markets and trade protectionism increases uncertainties in the economy and politics. Hyundai Motor Chair Chung Mong-koo also warned about the increased uncertainties this year, citing slow growth in the global economy, the spread of protectionism and the increased competition in the auto industry. He said that South Korea›s largest automotive group aims to sell 8.25 million vehicles this year.