Culture matters a lot. Korea is a high context society, and relationship building is extremely important. Its very difficult to migrate functions to other locations when the way to get things done is through building trust and relationships over long periods of time. That said, Samsung does have significant offices all over the world.

It's not a competency it's a network effect.

> Yet we're not seeing Samsung massively moving institutional operations to US centers for instance.

Samsung probably has great trust developed among its senior management.