HTC will be shutting down its
office in South Korea, reports
The Next Web.
The reason for this is reportedly
due to HTC's inability to compete
with Korean companies like
Samsung and even LG on their
home ground, where sales of
HTC devices are reportedly
“sluggish”. Apple is the only
other non-native company that
has done well in this market.
This does not bode well for HTC,
who is also losing ground to
Samsung in other market. HTC
barely managed to scrape a
profit in the second quarter. On
the other hand, Samsung is
growing from strengths and
managed to achieve an
impressive $5.9 billion in
operating profits, overshadowed
only by Apple in the mobile
segment.
We'll see how HTC performed in
the third quarter when they
release their quarterly report.
Hopefully, the One series of
smartphones would have helped
bolster the company's sales and
profit figures.
Source

[http://www.gsmarena.com/htc_to_shut_down_its_office_in _south_korea-news-4577.php]