SAMSUNG KEEPS MOBILE CHIEF DESPITE PROFIT PLUNGE
Samsung retained the chief of its mobile business in an annual executive reshuffle announced Monday despite a steep decline in mobile profit. The extent of this year’s reshuffle was the smallest in recent years, showing how Samsung is opting for stability in its executive ranks in the absence of chairman Lee Kun-hee who was hospitalized in May after a heart attack. Samsung spokesman Lee June said that Shin Jongkyun, president of mobile communications at Samsung Electronics Co., has made a significant contribution to Samsung’s rise to world’s top mobile phone maker. Some analysts expected Shin to step down to take responsibility for Samsung’s failure to respond quickly enough to the rise of Chinese smartphone makers and Apple’s new iPhones. Samsung’s third-quarter mobile profit fell to just one quarter of the previous year’s level. But…