Samsung, Hyundai Motor see growing uncertainties in 2017

Markets Associated Press

  • FILE - In this Wednesday, Dec. 9, 2015 file photo, Hyundai Motor Co. Chairman Chung Mong-koo attends a press unveiling of Genesis' new model EQ900 in Seoul, South Korea. Chiefs of Samsung Electronics and Hyundai Motor say their businesses face increased uncertainties due to growing protectionism. (AP Photo/Ahn Young-joon, Pool, File)

    FILE - In this Wednesday, Dec. 9, 2015 file photo, Hyundai Motor Co. Chairman Chung Mong-koo attends a press unveiling of Genesis' new model EQ900 in Seoul, South Korea. Chiefs of Samsung Electronics and Hyundai Motor say their businesses face ... increased uncertainties due to growing protectionism. (AP Photo/Ahn Young-joon, Pool, File) (The Associated Press)

  • FILE - This Wednesday, Oct. 5, 2016 file photo shows the corporate logo of Samsung Electronics Co. at its shop in Seoul, South Korea. Chiefs of Samsung Electronics and Hyundai Motor say their businesses face increased uncertainties due to growing protectionism. (AP Photo/Lee Jin-man, File)

    FILE - This Wednesday, Oct. 5, 2016 file photo shows the corporate logo of Samsung Electronics Co. at its shop in Seoul, South Korea. Chiefs of Samsung Electronics and Hyundai Motor say their businesses face increased uncertainties due to growing ... protectionism. (AP Photo/Lee Jin-man, File) (The Associated Press)

Chiefs of Samsung Electronics and Hyundai Motor say their businesses face increased uncertainties due to growing protectionism.

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Samsung Vice Chair Kwon Oh-hyun urged employees in a new year's speech Monday to reform the company by strengthening quality control as growth slows in its key markets and trade protectionism increases uncertainties in the economy and politics.

Samsung is expected to announce this month the findings of its investigation into the Galaxy Note 7 that caught fire and overheated, prompting two global recalls and its discontinuation last year.

Hyundai Motor Chair Chung Mong-koo said that South Korea's largest automotive group aims to sell 8.25 million vehicles this year. Hyundai Motor and its sister Kia Motors missed their sales target in 2016, selling 7.88 million cars.