For the uninitiated, Samsung celebrates its 40th anniversary today. And expectedly, they also announced their future strategy, which they call “Vision 2020” or “Inspire the World, Create the Future”. Samsung plans to attain revenue of $400 billion by 2020 that will make them one of the top 10 companies in the world in terms […]
management
Samsung will be 40 years old this Nov 1
Come November 1, Samsung will celebrate its 40th birth anniversary. Started as an OEM with 36 employees in 1969, Samsung today has transformed into a giant conglomerate functioning as an OEM as well as a product selling company. Korea Times has a decent overview of company’s whole journey and a bit on the future […]
Samsung to shift focus to B2C products
Samsung Electronics is the leader in manufacturing memory chips and TV panels, accounting for at least 80 percent of its total revenue but a new report from Korea Times claims the Korean multinational will shift its key business to sell consumer products more than B2B products. “Massive investment and faster decision-making were the top […]
Former Samsung executive convicted over bond deals
Lee Kun-Hee, who served as a chairman of Samsung Group has been convicted of doing illegal bond transactions that caused massive loss to Samsung’s SDS subsidiary. Kun-Hee is sentenced to a three-year prison suspended term and has to pay a fine of 110 billion won (USD89.2 million). In 1999, on direction of Kun-Hee, the […]