Wednesday 12 December 2012

10 Interesting Facts About

Samsung

Samsung is big. Or, it has grown big over the years. Currently, Samsung Groups is a South Korean multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea. Let’s learn some interesting facts about Samsung:
1. One Samsung, Many Businesses
For those who think that Samsung is just electronics (tablets, smartphones, etc.), you couldn’t be more wrong. Samsung actually comprises of subsidiaries which do business in a wide variety of markets. Some of them are: Samsung Electronics, Samsung Life Insurance, Samsung Heavy Industries, Samsung C&T, Samsung SDS, etc.
2. Samsung - A Heavyweight Corporation
Let’s talk some numbers. For the year 2011 alone, Samsung’s revenue was US$ 247.5 billion, Net Income was US$ 18.3 billion, Total Assets were US$ 384.3 billion and Total Equity was US$ 224.7 billion. What I am trying to say is that Samsung is easily amongst the most heavyweight corporations that exist on the globe. If that’s not enough to impress you, Samsung had 344,000 employees on payroll in the year of 2010.
3. Samsung Influences South Korea in a Big Way
Samsung’s revenues are larger than the total GDP of many countries in the world. The company influences politics, economic development, media and culture of South Korea in a big way. The company wields so much power that it has the capability to shape the policy of the South Korean Government when it comes to doing business with other economies of the world.
4. Samsung - The 3 Stars
Ever wondered what’s the meaning of the word ‘Samsung’? Well, the word in Korean means “three stars”. In the words of the founder of the Samsung Group, the three stands for big, numerous and powerful and stars stands for eternity. It’s living right up to its name as of now.
5. Samsung's Early Business
Samsung, in its founding days in the year 1938, dealt in groceries produced in and around the city (Su-dong) and produced noodles itself. It wasn’t even remotely associated with electronics until the 1960’s.
6. Samsung's Charity Programs
The group is not only about corporate greed and profits. It donates more than $100 million every year to the Samsung Medical Center. This is the only organization of Samsung which doesn’t make money for its bosses (it’s a non-profit organization). The facility comprises of Seoul Hospital, Kangbook Samsung Hospital, Samsung Changwon Hospital, Samsung Cancer Center and Samsung Life Sciences Research Center.
7. Number 1 Smartphone Maker
Apple is no longer the world’s largest smartphone maker, Samsung is. This achievement was bagged quite recently (in 2011).
8. Samsung Heavy Industries
Taking a break from the electronics stuff, it may surprise you that Samsung Heavy Industries is likely to supply facilities for liquefied natural gas storage to Royal Dutch Shell at a staggering US$ 48 billion for a lot of years to come.
9. A Leading Memory Chip Maker
The credit of being a leading producer of memory chips also goes to Samsung. Further, Samsung also trumped Sony in consumer popularity in 2005. All these spectacular feats have been achieved through more than two decades of hard work, commitment, passion and a desire for perfection.
10. How It Separates from American Corporation
Unlike the non-personal attitude of American corporations, the feeling of togetherness runs among the employees of the corporation as the Japanese and the Koreans have a tradition of working towards their goals as a team and bask in the glory of success as a team unlike American companies where self comes before the team.