Samsung Chairman seeks new businesses to fight competition, economy

Addressing its employees at Samsung’s New Year’s function, group chairman Lee Kun-hee emphasized to venture into new businesses to maintain growth and fight competition in the difficult global economy.

There’s an ongoing competition by global companies across all areas from products, technology development and hiring talented people to patent disputes. The market is big and opportunities are wide open, so we should find out new businesses that Samsung’s future will hinge on.

Lee also iterated a company’s success depends on how well it thrives in recession and “Samsung’s fate will be determined by how many best products and services it provides.”
Samsung Group houses 82 affiliate companies and is responsible for contributing around 20 percent to Korea’s GDP.


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4 years 3 months ago

@ Suo.eno Yes and no. Samsung is divided in numerous group who work on their own: As they was different entities.
They are really different: Electronics and semi conductors fundry / research ofc.. But other groups work in really different sectors: Construction ( Building, engineering, naval, aircraft ), medical, research, financial group, chemical, petroleum, etc

Thoses group will not forcibly interact with other ones, and when it happend this in general for use the technology and research made by the other groups for benefit the second, not the ressources.

4 years 3 months ago

How about taking care of your existing Galaxy Tab customers, Mr. Chairman of Samsung. Your company’s attitude towards existing Galaxy Tab 8.9 and 10.1 users is contemptible. The 12 months ago promised update from HC 3.2 to newer OS is still missing from in many countries and Samsung does not even bother to explain why and the version that might come out in coming weeks to most European countries is already badly outdated. Samsung must be proud to provide such service.

Would you dare to tell us whether this was the last official update to these products? And if it os, why didn’t Samsung made the update directly to Jelly Bean?

4 years 3 months ago

tv, washing machines, air conditioners, mobile phones, tablets, computers, camera, printers, refrigerators.

Future counterparts:

Apple TV, iWash, iConditioner, iPhone, iPad, Mac, iShoot, iPrint, iFridge.

4 years 3 months ago

from the article:- “Samsung Group houses 82 affiliate companies and is responsible for contributing around 20 percent to Korea’s GDP.”

Maybe the number 82 is exactly the problem? In this day and age, any large conglomerate are a high risk because obviously it’s hard to be lean and mean due to sheer size and breadth of businesses.

FOCUS. That’s the key. Samsung needs to do the opposite and shed the fat more instead of piling more up.