According to latest news on Jan 2nd, after the South Korean government calls for contingency plans, South Korea's Samsung Electronics and Hyundai Motor are requiring employees to prepare for weak global economic situation. The Finance Minister of South Korean, Park Jae-wan said today: "The Korean economy this year is facing greater uncertainty, and if the European debt crisis is worsened, the global economy may also accelerate the decline.The contingency plans responded to the spread of the debt crisis should be strengthened." According to estimates of government , as Asia's fourth largest economy, South Korea's exports in 2012 is expected to grow 6.7 percent, which is lower than 19.6% in 2011. European leaders are struggling to cope with their own problems, and changes in the North Korean leadership may exacerbate the uncertainty of Korea. "The slow growth of global economic will be continued, but the uncertainty in the business environment is not easily dispersed." the Chairman of Samsung,Lee Kun-hee said in today's staff meeting, "We need to be more open corporate culture , flexible and innovative. " The sales of major companies under Samsung Group account for one-fifth of South Korea's GDP in 2010. As an important sector of Samsung Group, net profit  of Samsung Electronics in 2010 is 16.2 trillion won (about $ 14 billion). Analysts expect the company's net profit in 2011 may fall to 13.8 trillion won. The company will release the initial earnings on January 6.