The HTC One X.
(Credit: Sarah Tew/CNET)
Competing against domestic technology giants including Samsung, Taiwanese phone maker HTC has closed its doors in South Korea.
The smartphone maker has long struggled against low handset sales in the Asian country, and has finally bitten the bullet and closed its South Korea office.
According to an official statement, the move has been made in order to "streamline operations" and improve efficiency across the whole company. "This is a hard decision that has direct impact on people who have contributed to the growth HTC has experienced the past several years," the company said in a statement.
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Redundancies were not specifically mentioned by HTC, although it said it has encouraged employees to apply for other open vacancies within the company, according to reports.
An analyst with research firm Canalys... [Read more]
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