Samsung plans business reorganization

Samsung Electronics said it was consolidating some of its key businesses a week after announcing a new executive line-up, an Associated Press report said.

Samsung that it would merge its home theater, DVD and Blu-ray player businesses with its global No. 1 TV business as part of what it called a restructuring plan, the Associated Press report said.

It will also move its digital music player, laptop computer and set-top box businesses from its digital media business to the telecommunications network business, the report said.

Set-top boxes bring internet movie downloads to TV sets.

Samsung last week announced an executive reshuffle, which included the naming of Lee Yoon-woo, its former external relations chief, as chief executive officer and vice chairman, replacing long-serving Yun Jong-yong.

The move was seen as speeding up decision-making at Samsung Electronics, the world's largest seller of computer memory chips, televisions and liquid crystal displays. The company ranks No. 2 in mobile phones behind Finland's Nokia.

Samsung also said that Lee Jae-yong, the 39-year-old son of former chairman Lee Kun-hee, was taking on new duties to develop businesses in emerging markets, including China, India, Russia and the other countries of the former Soviet Union.