Forbes names Samsung Group among top five influential Asian firms

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The US-based business magazine Forbes has named Samsung Group among the top five influential firms in Asia. The South Korean consumer electronics giant has been named among firms like China's Alibaba, India-based HDFC Bank, Sony, and Toyota, thanks to its achievements in the technology segment.

Forbes mentioned that the companies it listed as the top five influential Asian firms “have shaped Asia and the world.” The US-based magazine mentioned that Samsung's business strategy, which was announced back in 1993, helped the company become a major player in many technology segments. Samsung Group chairman Lee Kun-hee made his famous remark “change everything but your wife and children,” which influenced its employees.

“Thanks to the changes that were made in the wake of the Frankfurt meeting, Samsung went from being a mediocre electronics manufacturer to surpassing Nokia as the world's largest phone manufacturer by units sold in 2012. Today, it is world's second-largest technology company,” Forbes mentioned in its magazine. Samsung recently became the most profitable tech company in the world, leapfrogging Apple in terms of revenue and operational profit.

Since the Galaxy Note 7 fiasco, Samsung has been heavily investing in semiconductor designing and manufacturing, including NAND flash chips, RAM, and processing chipsets. The Galaxy S8 and the Galaxy S8+, which were released earlier this year, have met with astounding success. The company has also been investing in upcoming technologies like connected cars and IoT products.

Asif Iqbal Shaik - Senior Editor

[email protected]

First Samsung device: T100

Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.

Via Business Samsung Group

Samsung heir Lee Jae-yong pardoned by South Korean President, gets cleared of bribery charges

3 years ago

Forbes names Samsung Group among top five influential Asian firms

Asif Iqbal Shaik - Senior Editor

[email protected]

First Samsung device: T100

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