Financial Analysis Of Samsung Group

Samsung Group is a South Korean multinational conglomerate company which headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses under Samsung brand including Samsung Electronic which is the world largest electronic company. It is one of the world’s largest conglomerate with an annual revenue of US$ 220.1 billion in 2010.Samsung has been the world’s most popular consumer electronics brand since 2005 and is the best known South Korean brand in the world. Samsung Electronic has proven to be the one of the most prestigious technology company by launching of the first 3D TV in March 2010 at a New York event and partnered with Dreamworks Pictures and this had a major impact on the

Samsung started its business as Fishing Company in 1943 from South Korea. Now, it is one of the tech giant and it has a rich history. Though, the Samsung is a brand name, it has multiple business under the name of Samsung, the technology part of the company is controlled by Samsung Electronics. It produces it tech products in Vietnam whereas all other administrative and creative work in done in

Samsung Electronics UK Limited is a subsidiary of Samsung Electronics. It manufactures, and distributes mobile devices to retailers in different parts of the country. It also manufactures and distributes audiovisuals products, computer-related products, cameras, home appliances

Today Samsung has evolved into a group of companies unmatched by others in its range of industries and performance. It is now globally focused and responsive to the needs of each market, and more committed than ever to true innovation. The group’s three core business sectors are electronics, finance and trade and services.

Samsung Electronics (Samsung) is a foreign electronic company incorporated in Seoul, Korea. The Korean Accounting Standards Board (KASB) adopted the International Financial Reporting Standards (IFRS) known as the Korean International Financial Reporting Standards (K-IFRS). Samsung’s annual report complies with K-IFRS to prepare its financial statements and is based in a consolidated format for calendar year end December 31, 2013 and 2012. The financial statements consist of the standard required reports containing the independent auditor’s

Samsung is an electronic company, that is specially designed for digital appliances. The company provides some Samsung home appliances like televisions, refrigerators, washing machines, microwaves and air conditioners to their customers. This was founded with the belief that any family can have a high-quality appliance in their homes or for their own personal use. Samsung was founded “by Byung-Chull Lee in 1938 in Taegu, Korea the company started as a food exporter in Korea” (Kovach). In 1970s Samsung started selling their first black and white TV and in 1979 Samsung Electronics came out, also Samsung is made up of over 80 businesses that have worked in different markets and Samsung Electronics have operated in over 60 countries. You

Samsung Electronics Co., Ltd. is a South Korean multinational hardware organization headquartered clinched alongside Suwon, South Korea. Samsung Electronics is a part of the main Samsung Group, representing 70% of the total income. It is the world's second greatest information advancement association by income, after Apple. Samsung Electronics has gathering plants and deals systems in 80 nations and utilizes around 370,000 individuals. It is the world's biggest maker of cell telephones and cell phones powered by the fame of its Samsung Galaxy line of gadgets. Samsung Electronics dislodged Apple Inc. as the world's biggest innovation organization in 2011 and is a noteworthy part of the South Korean economy. Samsung Electronics has 144 united subsidiaries from claiming which

Samsung is South Korea's largest corporation, including 26 affiliated companies and certain other legal entities in nearly 70 countries and have established 300offices and has 19.6 million employees, businesses involved in electronics, finance, mechanical chemical and many other fields. they has 3 enterprises to enter the US "Fortune" magazine in 2003 the ranks of the Fortune 500, including Samsung Electronics ranked No. 59, the first 115 Samsung Corporation, Samsung Life Chapter 236. Samsung Group turnover in 2003 of approximately $ 96.5 billion, brand value of up to $ 10.85 billion, ranked 25 in the world's 100 major brands, become the fastest growing brand in two year. Samsung has nearly 20 kinds of products in the world market share in the world's first enterprise in the international markets highlights the prowess. These demonstrate Samsung's design capabilities have reached world-class levels. in 2003 Samsung already has 1313 patents in the United

Besides, Samsung has an interesting and vast product portfolio. Their product range includes laptops, tablets, smartphones, TVs, cameras, Refrigerators, etc. By this, Samsung marketing strategy has helped the firm to build trust on every product they

Samsung Electronics Co. Ltd. the Korean multinational electronics company is headquartered in Suwon, South Korea. This flagship subsidiary of the Samsung Group amounted for 70% of the group's revenue in 2012. Samsung Electronics commenced its operations in India in December 1995 and is today a leading provider of Consumer Electronics, IT and Telecom products in the Indian market. Samsung India is the Regional Headquarters for Samsung’s South West Asia operations, which provides employment to over 8,000 employees with around 6,000 employees being involved in R&D.

Company Background: Samsung is a South Korean multinational company those starting its business as a small trading company and right now becoming world largest corporation. The company deals with its business in several sectors such as advance technology, finance, petrochemical, semiconductors, plant construction, skyscraper, medicine, fashion, hotels, chemical and others. The company was established in 1969 in Suwon, South Korea and known globally for its electronic products (Kelly, 2011). The company is manufacturing several latest technologies, electronic appliances such as mobile phones, tablets, laptops, TVs, refrigerators, air conditioners, washers and other products. The company runs its operations and sales its products in 61 countries with approx 160,000 employees in all over the world (SAMSUNG, 2014). Moreover, the company acquired the position of the world biggest IT maker in 2009 by beating the Hewlett-Packard (HP) previous leader. Its sales revenue in the segment of LCD and LED is the highest in the world. Furthermore, Samsung also becomes world leader in the segment of tablets, mobile phones and gadgets.

| Apple Inc., Nokia OYJ, Intel Corporation, LG Display and LG Electronics, Sony Corporation, Texas Instruments Inc., Lenovo Group Limited, Hewlett-Packard Company, Sanyo

“For over 70 years, Samsung has been dedicated to making a better world through diverse businesses that today span advanced technology, semiconductors, skyscraper and plant construction, petrochemicals, fashion, medicine, finance, hotels, and more. Our flagship company, Samsung Electronics, leads the global market in high-tech electronics manufacturing and digital media”. (Samsung)

On February 12, 2015, SEC ordered Toshiba (Special Investigation Committee for Toshiba Corporation, 2015) to begin an investigation and disclose the following matter, “(…) with respect to some projects in which the percentage-of-completion method was used, among others.” (pg.13). As a result of the report order from SESC (Securities and Exchange Surveillance Commission), on May 8, 2015, Toshiba formed an Independent Investigation Committee to proceed with the investigation. The committee was integrated by a Koichi Ueda (Committee Chairman), Hideki Matsui (Committee Member), Taigi Ito (Committee Member) and Kazuyasu Yamada (Committee Member). And the issues to investigate and propose recommendations were in relation to (Special Investigation Committee for Toshiba Corporation, 2015), “1) (…) projects in which the percentage-of completion method was used. 2) (…) recording of operating expenses in the Visual Products Business. 3) (…) the valuation of inventory in the Semiconductor Business, (…). 4) (…) parts transactions, etc. in the PC Business.” (pg.13).

Samsung is the company located in South Korea – a country which has the 15th highest gross domestic product (GDP) per capita worldwide (Sackman, 2013, 18). According to Chun et al (2010), South Korea is one of the members of the OECD (Organisation for Economic Cooperation and Development) – an organisation that includes high-developed economic countries.