South Korea's Samsung Group which is composed of numerous diversified international affiliated businesses is the world's largest conglomerate by revenue ($246 billion USD in 2012) with most of these businesses united under the Samsung brand which Interbrand ranks as the 8th most valuable global brand assigning it an asset value of $39.6 Billion USD. Samsung Group's businesses include Samsung Electronics which is the world's largest electronics company by revenue sales, Samsung Heavy Industries, the world's 2nd largest shipbuilder, Samsung Engineering & Samsung C&T (construction) and Samsung Life Insurance. Samsung Group has over 350 million employees globally.
Samsung Electronics overtook Hewlett-Packard in 2009 to become the world’s biggest technology company by revenue sales with 2012 revenues of KRW 201.1 trillion ($188 billion USD). SEC's Semiconductor segment is number 2 to Intel and number 1 in memory chip sales. Its LCD division is the global leader in flat panel display manufacturing, and its Digital Media segment manufactures Visual Displays and other Digital Appliances. It is the worlds largest manufacturer of TV's SEC's Telecom's segment overtook Nokia to become the worlds largest maker of mobile phones and smartphones in 2012 and it also manufactures mobile wireless infrastructure. SEC employees 221 million people.
This SI board was created to foster a better understanding of Samsung Electronics and its various operating segments with a special focus on its Telecom's segment and its role and standing in mobile wireless communications.
Common and preferred stocks of SEC are listed on the Korea Stock Exchange under No. 05930 and No. 05935 respectively. Global Depository Receipt (GDR) is listed on London Stock Exchange. (Bloomberg ticker: common stocks-SAMN LI [Equity]; preferred stocks-SAMDR LI [Equity]). Reciprocal conversion between DR and stock has been allowed from 2000 and you can find out more about this on The Korea Securities Depository website.
In 2001 SEC IR made this comment about a US listing:
US listing requires enormous amount of accounting work. Currently SEC is running almost hundreds of overseas subsidiaries. To meet the listing requirement, each subsidiaries' Financial Statement must be reconciled with US GAAP. To be able to do so in ongoing basis, we are working on to establish accounting systems these days. Other than the accounting issue, we have to look into the semiconductor cycle carefully to maximize the upside potential of US listing. (09, July, 2001)
- Eric -