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  September 5, 2001
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Home > Company Index > Conglomerates > Conglomerates > Samsung Group

Samsung Group
 PROFILE
Samsung Group, one of South Korea's five largest "chaebol" (industrial groups), is being forced to change its tune. The government has demanded that the debt-ridden group and all "chaebol" shed companies and trade businesses among themselves so that just two or three "chaebol" remain in each industry sector. Samsung intends to concentrate on electronics, finance, and service businesses. Its flagship is Samsung Electronics, one of the world's leading makers of dynamic random-access memory (DRAM) chips and a leading manufacturer of consumer appliances. Other affiliated companies include Samsung Life Insurance and trading giant Samsung Corporation. Samsung will reduce its number of affiliates from 61 to 44.

 COMPETITION
Hyundai Group (dossier)
LG Group (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1997 Sales (mil.): 57,199.40
1-Yr. Sales Growth: (39.6)%
Employees: 267,000
Revenue per employee: $214,229.96

 KEY PEOPLE
• Hyun Myung-Kwan
    CEO
• Cho Jae-Yearl
    CFO

 CONTACT INFO
Samsung Main Bldg., 250 Taepyung-ro 2-ka, Chung-ku
Seoul 100-742, South Korea
Phone: 82-2-727-7114
Fax: 82-2-751-2083
Online: Web Site

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