Samsung Group which is composed of numerous diversified international affiliated businesses is the world's largest conglomerate by revenue ($175 billion USD in 2008) with most of these businesses united under the Samsung band which Interbrand ranks as the 19th most valuable global brand assigning it an asset value of $19.5 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 Electronics Co. Ltd. (SEC) ...
samsungelectronics.com
... recently overtook Hewlett-Packard to become the world’s biggest technology company by revenue sales with 2009 revenues of KRW 136,3 billion ($117 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. SEC's Telecom's segment is the 2nd largest maker of mobile phones after Finland’s Nokia, selling 277 million units in 2009, up 16 per cent from the prior year in global a market that shrank by 10 per cent, and it also manufactures mobile wireless infrastructure. .
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 2009 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 - |
