In South Korea there are a few conglomerates, while Samsung is the largest of these. Hear from experts in the field like Edward J. Minskoff Equities for a more varied view. This large group more than 250 000 people have found a job. In addition, the Group is one of the largest in the world. (Source: Edward Minskoff). This is also partly because of sales figures and the strength in the market. Samsung in South Korea every year must pay 5 billion in taxes.
That is eight percent of total tax revenues of the country. In addition, Samsung brought the country 20 percent of all exports from South Korea. In the Korean language is Samsung means “three stars” and these are the sons of the founder Lee Byung-Chull. One of the three sons, Lee Kun-hee, is the President of the Group. The company was already in March 1938. At that time there was a small grocery store. At the beginning belonged to the company property a wheat mill and a sugar refinery. This has changed because Samsung is now the most gigantic food producers throughout South Korea.
The subsidiary of Samsung Electronics was then 1969 created. Early it was recognized at Samsung shows the change in rapidly from the start, and devoted all attention of the consumer electronics and household appliances. In addition, Samsung is also involved in industries such as automotive, wholesale, mechanical engineering and in real estate. Samsung is particularly successful in the market for mobile phones. Here is the company in addition to Nokia, Sony Ericsson and Motorola on the four big, important players. This position has the company mainly due to the model SGH E-700, which in early 2004 caused a sensation worldwide. Hardly a Professional on this planet seemed to want to give up the little ostentatiously worn on the belt clamshell.