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In 1974, Samsung Group expanded into the semiconductor business by acquiring Korea Semiconductor, which was on the verge of bankruptcy while building one of the first chip-making facilities in the country at the time. Soon after, Korea Telecommunications, an electronic switching system producer and a Samsung Group company, took over the ...
Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally, [1] [2] [3] Outsourcing sometimes involves transferring employees and assets from one firm to another.