Vimeo
LinkedIn
Instagram
Share |

samsung

January 7, 2013

Family-controlled LG Group has announced big investment plans for the coming year. It has outlined a budget of 20 trillion won (€14 billion) for growth and development – a 19.1% increase on 2012’s research and development spending of 16.8 trillion won.

Family-controlled LG Group has announced big investment plans for the coming year. It has outlined a budget of 20 trillion won (€14 billion) for growth and development – a 19.1% increase on 2012’s research and development spending of 16.8 trillion won.

Headed by chief executive Bon-Joon Koo, grandson of founder In-hwoi Koo, LG plans to increase its share in the fiercely competitive electronics market – continuing its battle with the likes of Samsung and Apple for growth.

October 29, 2012

Family businesses around the world have reported mixed quarterly figures, with Samsung and America Movil seeing rises in sales and profits, while Paccar has witnessed a fall in revenues.

Family businesses around the world have reported mixed quarterly figures, with Samsung and America Movil seeing rises in sales and profits, while Paccar has witnessed a fall in revenues.

Samsung Electronics, which is the world’s biggest technology company by sales, had a record-breaking third quarter with operating profit reaching an all-time high of 8.12 trillion won (€5.74 billion) – up 91% on the same period last year – while revenues hit 52.18 trillion won, a 26% increase.

October 8, 2012

Family-controlled fashion house Barbour’s saw its profit jump by more than 50% in 2011, while a number of other British family businesses have reported yearly revenue increases.

Family-controlled fashion house Barbour’s saw its profit jump by more than 50% in 2011, while a number of other British family businesses have reported yearly revenue increases.

In the UK, Barbour's, the fashion house famous for its iconic waxed coats, said its pre-tax profits jumped by 51% to £17 million (€21 million) in 2011.

March 26, 2012

Investors in two of South Korea’s largest family-owned conglomerates are likely reaping big rewards, thanks to shares in Samsung and Hyundai reaching record values this weekend.

Investors in two of South Korea’s largest family-owned conglomerates are likely reaping big rewards, thanks to shares in Samsung and Hyundai reaching record values this weekend.

According to Yonhap News Agency, stock held by Lee Kun-hee and his family in Samsung Group rose to around 13 trillion won (€8.61 billion) on Sunday (25 March).

Citing data by Cheabol.com, the report said share value was up by 25.4% compared to last year, largely due to a “bullish stock market”.

February 15, 2012

Just days after it appeared the Bettencourt family had finally drawn a line under its family feud, another family squabble has made headlines.

Just days after it appeared the Bettencourt family had finally drawn a line under its family feud, another family squabble has made headlines.

This time, South Korean conglomerate Samsung Group is in the limelight, after the elder second-generation brother sued his younger sibling.

January 31, 2012

Plans by opposition politicians in South Korea to introduce a new tax on family-controlled conglomerates have been criticised by the country’s finance minister.

Plans by opposition politicians in South Korea to introduce a new tax on family-controlled conglomerates have been criticised by the country’s finance minister.

Bahk Jae-wan said the Democratic United Party’s suggestion to tax the dividends earned by family-owned conglomerates, or chaebol, from equity investments in their affiliates could hurt future investment and competitiveness, reported the Yonhap News Agency, a local news provider.

October 18, 2011

“Third-generation hereditary succession is as grotesque at Samsung as it is in Pyongyang,” wrote a correspondent to The Economist recently. The writer was making a slightly odd comparison between one of South Korea’s most successful chaebols – the state-supported manufacturing giants that continue to dominate the country’s economy – and the bizarre personality cult of Kim il-sung that lies beyond the demilitarised zone to the north.

“Third-generation hereditary succession is as grotesque at Samsung as it is in Pyongyang,” wrote a correspondent to The Economist recently.

The writer was making a slightly odd comparison between one of South Korea’s most successful chaebols – the state-supported manufacturing giants that continue to dominate the country’s economy - and the bizarre personality cult of Kim il-sung that lies beyond the demilitarised zone to the north.

March 18, 2011

Chairman of Samsung Electronics, Lee Kun-hee, might just be grooming a successor. Third-generation Lee Jae-yong has been promoted to the role of president at the firm, after serving as executive vice president at Samsung Electronics.



Chairman of Samsung Electronics, Lee Kun-hee, might just be grooming a successor. Third-generation Lee Jae-yong has been promoted to the role of president at the firm, after serving as executive vice president at Samsung Electronics.



His sister Lee Boo-jin has also been promoted to president of Samsung Everland, chief executive of Hotel Shilla and advisor to Samsung C&T. Both announcements signal a step forward in the 68-year-old Lee’s succession plan.



December 3, 2010

Samsung Electronics Ltd, a division of South Korea’s largest conglomerate the Samsung Group, announced 3 December that third-generation Lee Jae Yong has been promoted to president at the family-controlled firm.

Samsung Electronics Ltd, a division of South Korea's largest conglomerate the Samsung Group, announced 3 December that third-generation Lee Jae Yong (pictured) has been promoted to president at the family-controlled firm.

Click here >>
Close