📊Executive Summary

Samsung Electronics is localizing its supplier base in response to rising geopolitical risks, with over 50% of its suppliers now based in South Korea. The company increased its supplier count from 100 in 2022 to 113 in 2023, adding 11 South Korean suppliers. This shift reflects a broader trend among major economies to build more resilient supply chains through localization. Samsung's executive chairman announced a significant investment of KRW60.1 trillion (approximately US$44.9 billion) to enhance localized sourcing, indicating a strategic pivot that could impact procurement decisions across various sectors....