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Samsung is South Korea's biggest and most powerful business
conglomerate. During the 1980s it was one of the country's five leading "chaebol", family-run businesses which
provided the engine for Korea's massive economic growth during that decade. Ten years later, Asia's economic crisis and
intense regulatory pressure from the Korean government caused rivals such as Daewoo and Hyundai to implode. But Samsung
managed an orderly restructuring of its interests, becoming stronger than ever before. The group's main business is
electronics. It is the world's leading manufacturer of memory chips, and the fastest-growing producer of mobile phones,
televisions and other digital appliances. That business has expanded dramatically in recent years, supported by an
aggressive marketing campaign in North America and Western Europe. As a result, it has become one of the leaders in its
market, eclipsing longer established rivals from Japan, Europe and North America. Advertising Age estimated
global measured advertising expenditure of $928m in 2008, making Samsung the world's #45 advertiser.
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Competitors: see Consumer Electronics & Appliances Sector index for other companies
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Samsung website
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Samsung worldwide
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