Samsung Case Study

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Samsung was founded by Lee Byung-Hee in 1938 as a trading company. During the next three decades, the field of the development of a diversified group , including food processing, textiles , insurance, securities and retail. Samsung introcuced the electronics equipments in the late 1960s and construction, shipbuilding and other industries in the mid-1970s; these areas will promote its subsequent development. Following Lee’s death in 1987, Samsung is divided into four business groups - Samsung Group, New World Group, CJ Group and Hansol Group. Samsung has since the 1990s increasingly globalized activities, as well as electronic products, especially mobile phones and semiconductors, have become the most important source of income.
Samsung Korea's economic development, politics, media and culture, a strong influence, and has been behind the "miracle of the Han River," a major driving force . 17% its affiliates around one-fifth of South Korea's total exports generated South Korea's Samsung's revenue is equivalent to $ 1,082 billion of GDP

History
From it since Daegu, South Korea is a small export business, Samsung has become one of the world's leading electronics companies, which is making digital appliances and media, semiconductors,system and memories.. Today Samsung's innovative and high-quality products and processes are world recognized. This schedule captures the major milestones in Samsung's golden history, showing how the company inovated its product line and achieved growth in revenue and market share, and follow to make life better for consumers around the world mission.

1938-1969 Samsung's Beginnings
On March 1, 1938, founding chairman Byung-Chull Lee started a business in Taegu, Korea, with 30,000 won.Initially, his ...

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...) from the 1st of January 2010 (date of transition-January 1, 2009). Unless otherwise stated in the footnote, all the year end statements have been prepared in accordance with the historical cost model. The principles used in the preparation of these financial statements are based on Korean IFRS and interpretations effective as of 31st of December of 2010 or standards that will be enforceable after 31st of December, 2010 but which the Company has decided to early adopt. Principal adjustments made by the Company in restating its previously published financial statements in accordance with generally accepted accounting principle in the republic of Korea ("Korean GAAP") are described in Note 3. Reporting standards have been consistently applied to comparative 2009 financial information.
These Principal accounting policies The financial statements are set out below.

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