11:40 - 6.05.2024

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May 6, Fineko/abc.az. South Korean company Samsung has decided to close startup projects in Israel and withdraw from the market.

ABC.AZ reports that Samsung Next, which unites Samsung's global investments, made a decision to withdraw 70 startup projects in Israel and withdraw from this market.

The reasons for the company's departure were the Israeli attacks on the Gaza Strip and a decline in profits. According to a post on the website of the BDS (Boycott, Divestment and Sanctions) movement, Samsung's profit fell by 56 percent compared with last year.

As a result of the military actions in the Gaza Strip, a number of large companies decide to limit or reduce production in Israel.