HP is relocating its office in Korea to Gyeonggi Province after its planned acquisition of the Samsung Electronics’s printer business division.
HP’s Chief Operating Officer Jon Flaxman has signed a contract with Nam Kyung, the Governor of Gyeonggi Province about locating its new office in Geyeonggi.
HP plans to decide the exact location of the office within a year and start to operate by 2019. This new office would be set up for the R&D in printers and other product production.
Since HP announced its plan to acquire Samsung’s printer business division for $1.05 billion last year. RT media reported the Samsung unit has since changed its name to S-Printing Solution.
HP plans to sell its inkjet printer products under the Samsung brand name in Korea.