 18-Oct-18, Asia Times 

There was plenty of razzmatazz when Samsung Electronics opened what it called the world's largest mobile phone plant in Jul-18: South Korean President Moon Jae-in was there to cut ribbons, along with the de facto leader of the electronics colossus, Lee Jae-young.

But the brand new, USD716 mn factory was not in the 'workshop of the world', China. The plant is in Noida, on the outskirts of New Delhi, India.

With political risks adding to the long list of perennial business obstacles that bedevil foreign firms in China, Korean investors are diversifying away. India would love to seize some of the capital that is up for grabs, but South Korea's main money flows are now towards its key ally the US, while Southeast Asia is clearly proving an attractive alternative.

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