Samsung not worried about emerging market issues

Volatility in emerging market currencies would not have a big impact on Samsung Electronics Co Ltd’s home appliances business, a senior executive said on Tuesday.
“Plunges in emerging market currencies were an issue of concern until recently but they have started stabilizing … and our global business portfolio is helping us offset weakness in such markets,” Eom Young-hoon, executive vice president of sales and marketing at Samsung’s Digital Appliance business told reporters.
Samsung shares have come under pressure due to concerns that falling emerging market currencies and a rise in U.S. dollar-based raw material costs would squeeze profits of its television and consumer electronics business in the third quarter.
More on Samsung
Samsung faces $18.3 billion fine