HTC did not say specifically the closure of his office. But Yonhap, a local news agency first reported the news spread that the reason for the closure of offices due to slow sales of HTC in Korea.
"This is a tough decision and have a direct impact on the people who contributed to the growth experienced by HTC for several years," said HTC was quoted as saying newsinett from PC World, Monday (30/07/2012).
Analysts from research firm Canalys Nicole assess Peng, South Korea is a challenging market for foreign vendors to conquer, including HTC.
HTC has its share of the cake by two percent in the South Korean smartphone market share in 2011, and the remaining one percent in the first quarter of this year. While the Korean vendors, including Samsung, LG and Pantech, dominate about 90 percent market share.
Closure of offices in other countries not just this time done HTC. June, HTC also closed its office in Brazil in order to streamline company operations. HTC leaving only the after-sales office in the country.
Just like in South Korea, HTC's market share in Brazil less than one percent in the first quarter of this year.
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