Samsung announced on Nov. 26, 2014 that it will sell Samsung Techwin to Hanwha, the 10th largest conglomerate in Korea, as part of efforts to restructure the electronics-based business group. Under the deal worth 2 trillion won (US $1.8 billion), which also affects the sale of Samsung’s petro-chemical companies, the electronics giant agreed to sell a 32.4 percent stake in Samsung Techwin, for $765 million to Hanwha. Samsung Techwin is South Korea’s most well-known brand in CCTV Surveillance equipment. The deal is expected to be completed by mid-January 2015.
