{"id":18342,"date":"2022-03-03T07:33:14","date_gmt":"2022-03-03T07:33:14","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/03\/03\/us-exempts-south-korean-smartphones-from-russia-export-bans-the-register\/"},"modified":"2022-03-03T07:33:14","modified_gmt":"2022-03-03T07:33:14","slug":"us-exempts-south-korean-smartphones-from-russia-export-bans-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/03\/03\/us-exempts-south-korean-smartphones-from-russia-export-bans-the-register\/","title":{"rendered":"US exempts South Korean smartphones from Russia export bans \u2022 The Register"},"content":{"rendered":"

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South Korea’s Ministry of Trade has revealed<\/a> that after discussions with the US Department of Commerce, the nation that is home to Samsung is confident that smartphones are exempt from new bans on exporting technology to Russia.<\/p>\n

Those bans were imposed in reaction to Russia’s illegal invasion of Ukraine. Technology firms have quickly and willingly complied with their new responsibilities by ceasing exports to Russia. Some \u2013 notably Oracle and SAP<\/a> \u2013 even went so far as to suspend their operations in Russia. Apple has also suspended<\/a> all sales in Russia.<\/p>\n

Tech exports are an important contributor to South Korea’s economy \u2013 Samsung’s global revenue across all of the sprawling group’s businesses equates to around 17 per cent of the nation’s GPD. And according to data from analyst firm IDC<\/a>, Russia’s smartphone market runs to between 35 and 40 million units a year, with Samsung holding 34 per cent of that.<\/p>\n

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