Samsung investment in Adani's Australian coal operation prompts call for boycot

(The Guardian, 16 Jul 2020) Activists protest at Samsung Electronics store in Sydney over debt purchase by affiliate Samsung Securities

A company in the Samsung Group invested in Adani’s Australian coal operation last year in a deal that has prompted environmental activists to call for a boycott of the Korean conglomerate’s flagship electronics products.

Samsung Securities, a publicly-traded brokerage and part of the broader group of affiliated companies that includes Samsung Electronics, purchased a share of $120m of debt in the Adani-owned Abbot Point coal terminal last year with another Korean firm.

The investment was briefly mentioned in Korean-language media outlets in September but has not otherwise been made public.

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The Guardian, 16 Jul 2020: Samsung investment in Adani's Australian coal operation prompts call for boycot